Cricket is not Cricket without Shahid Afridi

• The IMF Executive Board completed the first review under the Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw the equivalent of about $1 billion. The authorities have demonstrated strong program implementation, which has contributed to improving financing and external conditions, and a continuing economic recovery. • Moving forward, policy priorities will include advancing reforms to strengthen competition, raise productivity and competitiveness, reform SOEs, improve public service provision and energy sector viability, and build climate resilience. • The Executive Board also approved the authorities request for an arrangement under the Resilience and Sustainability Facility (RSF), which will support Pakistan’s efforts in building economic resilience to climate vulnerabilities and natural disasters, with access of around $1.4 billion. Washington, DC – May 9, 2025: Today, the Executive Board of the International Monetary Fund (IMF) completed the first revie...

Salman Saif Ghouri Oil and Gas Development Corporation, Head Office, Masood Mansion, Markaz F-8, Islamabad, Pakistan Pakistan has to import 78% of its domestic oil demand, despite an increase in indigenous production. Reducing the growing gap will require enhanced exploration efforts. The paper evaluates petroleum policy to 1994 against the backdrop of adverse factors and the manner in which these have been addressed. The investment climate could not be more ideal, as the offered package is both fair and handsome - making it an irresistible proposition to foreign investors. It is concluded that the package would prove to be an effective catalyst in enhancing exploration activities. Copyright © 1996 Elsevier Science Ltd.   The importance of the hydrocarbon sector of Pakistan's economy continues to be highlighted by the growing de [1] mand for petroleum products and declining domestic crude oil production. Imports of crude oil and its derivatives continue to show an upswing. Du...