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Feb 9 • 4 tweets • 2 min read
IMF mission and Pakistani officials held "tough" talks for 10 days in Islamabad

Read more: thenews.com.pk/latest/1039070…

#TheNews
The sources, familiar with the development, said that a meeting took place between Prime Minister Shehbaz Sharif and the IMF delegation, where the mission informed the premier about the agreement.

#TheNews
The development comes hours after Finance Minister Ishaq Dar had announced that talks with the IMF were "on track" and the government would share "good news" on the matter today.

#TheNews
UPDATE: Pakistan to soon strike staff-level agreement with global lender, says finance secretary

Read more: thenews.com.pk/latest/1039070

#TheNews

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More from @thenews_intl

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Feb 11
Ministry of Defence has already agreed to contribute their share to national exercise amid serious financial crisis faced by country

Read more: thenews.com.pk/print/1039569-…

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The recommendations of committee to which prime minister has already agreed to, if implemented, will massively cut perks, privileges and other luxuries enjoyed by ruling elite, parliamentarians, judges, generals, civil and military officers from taxpayers’ money.

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Some highlights of these proposals as reported by The News on Friday include major cut in the size of cabinet, no development funds for MPs; no pension beyond Rs500,000 per month to anyone from public kitty; no use of SUVs by government officials.

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Feb 11
Cabinet's ECC approved withdrawal of subsidies in electricity tariff for export-oriented sector and Kissan package

Read more: thenews.com.pk/print/1039562-…

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Under various heads including quarterly tariff adjustments, deferred fuel price adjustment, and imposition of a surcharge of Re1 per unit on big power consumers, govt approved revised CDMP where tariff would be hiked around Rs7-8 per unit till August 2023.

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Sources said IMF had asked government for raising base tariff by Rs4.06 per unit, but government did not approve anything in this regard under revised CDMP. It is yet to be ascertained how IMF demand has incorporated in MEFP, handed over to Pakistan on Feb 10, 2023.

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Feb 10
"People were already aware of who was behind overthrowing the PTI regime," former PM says

Read more: thenews.com.pk/latest/1039395…

#TheNews Image
"General Bajwa told a journalist with much pride how he had our government ousted due to economic policies and other matters," Khan said in an interview with Voice of America (Urdu).

#TheNews
He had earlier blamed the United States for overthrowing his PTI administration, later he turned the guns towards the ex-army chief, and then he also claimed that Punjab caretaker Chief Minister Mohsin Naqvi was also involved in the "regime change" operation.

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The News Profile picture
Feb 10
IGP, chief secretary say they will follow whatever Election Commission of Pakistan decides

Read more: thenews.com.pk/latest/1039307…

#TheNews Image
Punjab Inspector-General of Police (IGP) Dr Usman Anwar and the chief secretary appeared before the court during today's hearing. The chief secretary said that they would follow through on the court’s order.

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Meanwhile, when ECP’s lawyer approached rostrum, he said that the only issue before court was who would give the date for the polls. He added that there was talk of a provision in the law allowing the ECP and President Dr Arif Alvi to give a date for the elections.

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Feb 10
Federal govt has allocated Rs10 billion to help Turkey's earthquake relief efforts, says premier

Read more: thenews.com.pk/latest/1039295…

#TheNews Image
PM Shehbaz, while speaking on the occasion of sending relief goods to Türkiye at the Lahore airport, said no stone will be left unturned to provide full support to the people of Turkiye in the wake of massive devastation caused by the earthquake.

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The PM also recalled the heartiest support of Turkiye to Pakistan during the 2005 earthquake and 2010 flash floods.

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The News Profile picture
Feb 10
Global lender, however, says "considerable progress" made, virtual talks to continue on implementation of IMF policies

Read more: thenews.com.pk/latest/1039279…

#TheNews Image
The visiting IMF mission concluded its review parleys in 10 days and left Islamabad to return back to headquarters in Washington DC without signing of the SLA.

#TheNews
IMF shared draft MEFP with Pakistani authorities and evolved broader consensus over actions/ prior actions, Finance Secretary Hamid Yaqoob told journalists, who waited for long hours at Q Block (Ministry of Finance) get version of Ishaq Dar on latest parleys with IMF.

#TheNews
Read 6 tweets

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