Washington, March 28 (IANS) The International Monetary Fund has reached a staff-level agreement with Pakistan that could unlock about $1.2 billion in fresh funding, as the country pushes ahead with fiscal tightening, structural reforms, and measures to stabilise inflation and growth.The agreement follows discussions between an IMF team and Pakistani authorities on the third review under the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF)….
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Washington, March 5 (IANS) Indian economist Krishnamurthy V. Subramanian has received the University of Chicago’s Alumni Award for Professional Achievement. He is the first Indian economist to receive the honour in the award’s 85-year history.Subramanian served as Chief Economic Adviser to the Government of India from 2018 to 2021. He later represented India at the International Monetary Fund as Executive Director.The award places him among a group of past recipients that includes Nobel laur…
New Delhi, Feb 21 (IANS) When it comes to innovation in Pakistan, every new system, manual, or reform announcement struggles to escape the perception that it is designed as much to manage optics as to deliver results, according to a new report.Business Recorder writes that the Federal Board of Revenue’s (FBR’s) latest attempt to tighten tax collection through a withholding mechanism on digitally ordered goods appears “sensible on paper”.However, this initiative inevitably revives an olde…
New Delhi, Feb 11 (IANS) BJP MP Anurag Thakur on Wednesday praised the Modi government for the Union Budget 2026-27, calling it a ‘Sarva Mangalkari’ and ‘Sarvjan Hitay Sarvjan Sukhaye’ budget aimed at inclusive growth and national progress. Participating in the budget discussion in the Lok Sabha, Thakur said the budget reflects the continuation of what he described as a “12-year reform express” that has moved India from “policy paralysis to policy performance”, from “leakage to deliver…
New Delhi, Feb 5 (IANS) Prime Minister Narendra Modi in his reply to the Motion of Thanks on the President’s address in the Rajya Sabha on Thursday, defended his government’s banking and public sector reforms while launching a scathing attack on the Opposition, particularly the Congress and Trinamool Congress, amid the ongoing Budget Session disruptions. Highlighting achievements in the banking sector, Prime Minister Modi said that non-performing assets (NPAs) have been reduced to below one per …
New Delhi, Jan 26 (IANS) Pakistan’s energy crisis is not the result of a lack of plans, but of persistent disregard for implementation, coordination and market-based principles, a new report has said.The report in Business Recorder says that Pakistan’s circular debt in the energy sector continues to swell and policy fragmentation deepens institutional paralysis.The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel (BMP) has slammed the government’s handling of …
New Delhi, Jan 23 (IANS) The Supreme Court on Friday sought sealed-cover status reports from the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) on their ongoing probes into alleged large-scale bank frauds linked to Reliance Communications Ltd (RCOM), its group companies, and promoter Anil Ambani. A Bench of Chief Justice of India (CJI) Surya Kant and Justice Joymalya Bagchi directed the two Central agencies to apprise the top court of the progress made in the investig…