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Investment steps lack transparency A Ministry of Finance report has accepted that the absence of structured transparency in the Special Investment Facilitation Council's (SIFC) initiatives could undermine policy predictability and weaken the confidence of investors. In its 240-page Prime Minister's Economic Governance Reforms Agenda, the finance ministry committed to bringing transparency in the SIFC affairs, showed the report released last week. The ministry prepared the report as part of an action plan of the International Monetary Fund's (IMF) Governance and Corruption Diagnostic Assessment. "The absence of structured transparency around strategic investment initiatives, including those facilitated through the SIFC, creates informational asymmetries that can undermine policy predictability, elevate perceived governance risks and weaken investor confidence," read the report. The report meets a condition of the $7 billion IMF loan package, which binds Pakistan t...
Anyone out there who still thinks Pakistan are not dangerous contenders for the World Cup? With tremendous poise and skill in the middle overs, Misbah-ul-Haq and Younis Khan propelled Pakistan, who were on a tricky 105 for 2 in the 21st over, to a strong 277, before Shahid Afridi and Shoaib Akthar produced bits of magic to derail the chase. Chamara Silva threatened to pull off a thrilling heist with a flurry of boundaries, and Nuwan Kulasekara made one heroic last-ditch effort to reduce the equation to 18 runs from the final over. Umar Gul, however, held his nerve to steer Pakistan home and end a mesmeric exhibition of high-quality cricket in Colombo
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