A crucial IMF package, commitment to fiscal discipline & historic corporate profits meant investors in KSE-100 index would’ve earned far higher returns than from investing in Sensex.
Lacking even the meagre comfort of an after-dinner cognac to calm their nerves, the assembled billionaires listened silently as their guest’s rage washed over the gathering....
Most have applauded the announcement of privatisation. One user sarcastically tweeted to give PIA to the army, 'they are looking to occupy everything that Pakistan has'.
On Wednesday, Pakistan’s central bank received $1.2 billion from International Monetary Fund as the first tranche of a $3 billion bailout to stabilise the economy.
Saudi Arabia pledged the money and then waited for the aid package from the International Monetary Fund to go ahead before depositing it with the State Bank of Pakistan.
Over the last year, the cost of wheat flour in Pakistan increased by a whopping 120%, coinciding with inflation which touched an all-time high of 46.7%.
Chinese commentators have said that there are limits to how much Beijing can help. But China also wants the US to stay out of the current crisis in Pakistan
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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