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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...
The World Cup came alive with a mesmeric exhibition of high-quality cricket from Pakistan and Sri Lanka. Younis Khan and Misbah-ul-Haq propelled Pakistan, who were on a tricky 105 for 2 in the 21st over, with superb poise and skill in the middle overs, before Muttiah Muralitharan pulled them back in the end to leave the game fascinatingly poised. This innings had everything: rapid start, brain fade, tranquil middle overs and finally fabulous end-over bowling. Shahid Afridi said at the toss that he would be happy with 280 and Kumar Sangakkara said he would be happy to chase that total.
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