Govt scrambles as IMF rejects Pakistan’s loan request

A woman walks past an International Monetary Fund headquarters building in Washington, DC on April 5, 2021. (AFP/ File)
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Updated 02 June 2023
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Govt scrambles as IMF rejects Pakistan’s loan request

June 2: The Express Tribune reported A cabinet member revealed on Thursday that the International Monetary Fund (IMF) has rejected Pakistan’s request to lower the requirement of arranging $6 billion in new loans, leaving the government with no alternative but to try and revive the deal. Read more I 


U.S. envoy's Gwadar tour shows Pakistan's evolving China strategy

Updated 27 September 2023
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U.S. envoy's Gwadar tour shows Pakistan's evolving China strategy

September 25: A U.S. diplomat's recent visit to the Pakistani port of Gwadar, the heart of China's Belt and Road Initiative projects in the country, has highlighted Islamabad's delicate task of balancing ties with rival superpowers and efforts to gain leverage for itself, Nikkei Asia reports.  

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Pakistan squad receive visas less than 48 hours before flying out to India

Updated 27 September 2023
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Pakistan squad receive visas less than 48 hours before flying out to India

September 25: The ICC has confirmed that the Indian government has approved visas for the Pakistan squad travelling to the World Cup, less than 48 hours before the team is due to fly out to Hyderabad via Dubai. The approval came on Monday, hours after the PCB had written to the ICC expressing its displeasure at the delay in the issuance of the visas. At the time they had sent the email, approval for the visas had not been given, ESPNcricinfo reports.  

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Govt mulls privatising power companies as circular debt reaches whopping Rs2.3 trillion

Updated 27 September 2023
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Govt mulls privatising power companies as circular debt reaches whopping Rs2.3 trillion

September 26: Frustrated by persistent circular debt and line losses, the caretaker government is mulling over two potential strategies — privatising both power generation (Gencos) and distribution companies (Discos) or transferring management control to private entities for a period of 20 to 25 years, The News reported on Tuesday, Geo News reports.  

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World Bank suggests ‘National Council of Ministers’

Updated 27 September 2023
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World Bank suggests ‘National Council of Ministers’

September 26: High­lig­hting ‘incomplete devolution’ and institutional weaknesses as key development and governance challenges and pinning little hopes on technocratic government, the World Bank has advised Pakistan to create a ‘National Council of Ministers’ — comprising key federal and provincial representatives — to fill the vacuum for simultaneous and coordinated strengthening of poorly performing federal and provincial institutions, policies and accountability systems, Dawn reported.  

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ICC World Cup 2023: Pakistan to play warm-up match in India behind closed doors

Updated 27 September 2023
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ICC World Cup 2023: Pakistan to play warm-up match in India behind closed doors

September 26: Pakistan's first warm-up match leading up to the ICC World Cup is set to be held in Hyderabad behind closed doors due to security concerns, as announced by India's cricket board (BCCI), Samaa News reported.  

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