The Ministry of Energy has demanded Rs1.54 trillion in power subsidies for the next fiscal year, a colossal amount that is 70% more than this year’s revised budget, aimed at reducing circular debt to a level agreed with the International Monetary Fund (IMF).
The demand is surprising since the...
They have made this into either/or scenario. Sooner Imran realizes this, better. Any cooperation with sitting govt will be considered weakness by Boys.
This story is actually hilarious/tragic. CEO of PIA himself flew the aircraft to Germany and never returned back. And Pakistan was forced to pay parking fee of the aircraft.
And more than one year later, "Majestic" Russian army is preparing for countering Ukraine's coming offensive. Something somewhere is broken in Russian machinery and they will have to keep fighting much longer. What was supposedly a walk in the park, has turned out to be embarrassment for mighty...
Such import restrictions to generate Current Account Surplus will result in increasingly closure of Manufacturing units and greater unemployment. Each month will be worse than previous one.
Not to mention massive fiscal deficit and ballooning domestic debt. Current Govts policy in next few...
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Scoop: U.S., Saudi Arabia, others to discuss railway project connecting Middle East
Barak Ravid, author of Axios from Tel Aviv
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When will they stop begging IMF for this review ? It's been 6-7 months. They should let this program lapse and negotiate a bigger program with IMF under new administration. Why humiliate 25 crore Pakistanis like this..
There are only so many times when Imran's supporters will risk their lives for his protest calls, while he sends his lieutenants to conduct peace talks with people they are protesting against.
The Senate Standing Committee on Maritime Affairs was Friday apprised that 91 percent profit from Gwadar Port operations went to Chinese company whereas Pakistan’s share was only 9 percent, however maintenance/dredging of the
port was the responsibility of Pakistan.
The Senate Standing...
They have achieved Current Account Surplus last month by decimating imports. This has however resulted in imported hyper inflation and closure of industries leading to reduced exports. How long can they sustain this scorched earth policy is the key question. Every such month will do permanent...