The institute has recommended prioritising high-impact and high-priority projects in the PSDP and capping new project allocations to avoid overextension of limited development resources.
'It shows that the risk of sovereign default, which was quite omnipotent just a couple of years ago, is in the past,' said Ali Farid Khwaja, chairman at KT Bank Pakistan.
India pointed out that Pakistan has been a “prolonged borrower from the IMF, with a very poor track record of implementation and of adherence to the IMF’s program conditions”.
India abstained from the vote at the IMF, pointing out that rewarding continued sponsorship of cross-border terrorism sends a dangerous message to the global community
For the Pakistani economy, the IMF bailout is key to its economy. In the week ending 25 April, Pakistan’s total foreign exchange reserves stood at $15.25 billion.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
India exited the Indo-Russian FGFA programme in 2018. But now it might procure at least 2 squadrons of Su-57 aircraft from Russia and evaluate Russian proposal to manufacture them in India.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
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