KARACHI: David International Foundation and UNDP co-hosted the 9th session of the UNDP Women’s Fund at Acton House Gardens, Runnymede, British Deputy High Commission Karachi, with support from the Asian Development Bank and the World Bank, under the theme “Empowering with the Goals of Nations United Nations Sustainable Development: Partnerships for the Goals. The event … Read more
Former Prime Minister Imran Khan was found guilty in the Al Qadir Trust case, with an accountability court sentencing him to 14 years in prison at the end of a nearly two-year trial. The ruling also convicted the wife of the former Prime Minister, Bushra Bibi, and sentenced her to seven years in prison. The … Read more
Former Prime Minister Imran Khan was found guilty in the Al Qadir Trust case, with an accountability court sentencing him to 14 years in prison at the end of a nearly two-year trial. The ruling also convicted the wife of the former Prime Minister, Bushra Bibi, and sentenced her to seven years in prison. The … Read more
Saudi Mining Minister Bandar Al-Khorayef said that the mining company Manara Metals is considering investing in the Pakistani Reko Diq mine. The Saudi Development Fund (SDF) can contribute more than $100 million to mining infrastructure in Pakistan. “Part of what we are looking at is how we can also help Pakistan with some infrastructure,” Al … Read more
WashingtonThe International Monetary Fund is preparing to unveil its latest forecast for the global economy on January 17, with expectations of steady global growth and a gradual decline in inflation, according to IMF Managing Director Kristalina Georgieva. Speaking on Friday, Georgieva highlighted that the US economy is performing “better than expected” but noted significant uncertainty … Read more
The International Monetary Fund has rejected a formal request from Pakistan’s Ministry of Energy to reduce sales tax on electricity bills, citing liabilities under the existing loan programme, Express News reported. The decision deals a blow to the government’s efforts to ease financial pressures on consumers. The Ministry of Energy had requested IMF approval to … Read more
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has updated the regulatory framework for the mutual fund industry by introducing specific requirements for “investment plans”. These updates are based on provisions added through the amendments to the Non-Banking Finance Companies and Reported Entities Regulations 2008 (NBFC Regulations), according to a press release. The framework … Read more
A Madrid court sentenced former International Monetary Fund director Rodrigo Rato to nearly five years in prison, after convicting him on corruption charges, the court announced on Friday. Rato, who has denied any wrongdoing throughout the nine-year investigation, said in a statement sent to Reuters via law firm Baker McKenzie that the ruling was “unfair” … Read more
Islamabad: Prime Minister Shehbaz Sharif has formed a committee headed by Finance Minister Muhammad Aurangzeb to formulate a wheat procurement plan for the food year 2024-25, including IMF recommendations. The committee includes Minister of National Food Security and Research Rana Tanveer Hussain, Minister of Commerce Jam Kamal Khan, and Advisor to the Prime Minister on … Read more
The International Monetary Fund has urged Pakistan to take steps to reduce state intervention in the economy and enhance competition, which will help promote dynamic private sector development. The IMF mission led by Mr. Nathan Porter concluded its staff visit to Pakistan from 12 to 15 November 2024. During the visit, the IMF team met … Read more