Islamabad, April 21 (IANS) Pakistan’s federal government has delayed a decision on the Khyber Pakhtunkhwa government’s offer to provide Rs 4 billion in bridge financing for the long-pending Peshawar Northern Bypass project, even as the crucial infrastructure initiative continues to face setbacks. Despite the provincial government stepping forward with financial support to push the project ahead, the Centre has indicated that the 30-km road project will not meet its June 30 completion deadlin…
Latest Public Sector Development Programme News & Updates
New Delhi, Dec 28 (IANS) The International Monetary Fund’s Executive Board has paradoxically approved another $1.29 billion as financial support for Pakistan despite the multilateral institution’s own report highlighting the corruption in the debt-ridden country, which is coming in the way of repaying these loans.The IMF has just released a 186-page “Governance and Corruption Diagnostic Assessment” that paints a grim portrait of Pakistan’s institutional decay.”The timing is striking: the dia…