Posts

Miftah says govt willing to curb fuel subsidies

Image
  The IMF in 2019 approved a $6 billion loan over three years for Pakistan but disbursement has been slowed by concerns about the pace of reforms. Ismail, who took office this month after the Imran Khan led-government lost a no-confidence vote, said he had “good discussions” with the IMF on a visit during the Washington-based lender's annual spring meetings. “They've talked about removing the subsidy on fuel. I agree with them,” Ismail, himself a former IMF economist, said at the Atlantic Council. “We can't afford to do the subsidies that we're doing. So we're going to have to curtail this,” he said. The finance minister earlier  told  Dawn  he was looking forward to an early agreement with the IMF on the seventh review of the bailout package for Pakistan. He said that in his meetings in Washington he had reiterated the present government’s commitment to the reform process. Minister of State Dr Ayesha Ghous Pasha, the finance secretary and the State Bank governor a
Post a Comment
Read more

Ahsan directs winding up of CPEC Authority

Image
ISLAMABAD : Minister for Planning and Development Ahsan Iqbal on Friday called for immediate removal of problems faced by the Chinese investors and contractors working on the China-Pakistan Economic Corridor (CPEC) including swift processing of their visa cases. During a visit to CPEC Authority offices, the minister also directed the authorities concerned to prepare a structure so that the CPECA could be wound up and integrated into the Ministry of Planning and Development because it was in conflict with rules of business of the various ministries. Mr Iqbal told  Dawn  that the CPECA was dysfunctional and was in conflict with the role of line ministries. Under the rules of business, ministries had the basic roles in the implementation of policies and projects under the CPEC but a parallel organization only created duplication of work and lack of ownership. Responding to some media reports that the CPECA’s chairmanship had been given to newly sworn in federal minister Chaudhry Salik
Post a Comment
Read more