NewsDaily
IMF piles on 11 new conditions The International Monetary Fund (IMF) has slapped Pakistan with 11 more stringent conditions to address corruption vulnerabilities, end elite capture of the sugar sector and unearth the true cost of foreign remittances. The new conditions have also been imposed to reduce losses in the power sector through private sector participation, improve governance and service delivery, and enhance the effectiveness of the highly inefficient Federal Board of Revenue (FBR). The IMF on Thursday released the staff-level report for the second review of the $7 billion bailout package, which disclosed that the lender has imposed 11 additional conditions on Pakistan. With the fresh additions, the total number of conditions has risen to 64 in the short span of one and a half years. According to the report, Pakistan will publish on a government website the asset declarations of high-level federal civil servants by December next year. The purpose is to identify mismatches bet...
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.
Comments
Post a Comment