The schedule of negotiations between Pakistan and the International Monetary Fund (IMF) on the new loan program has been fixed while the IMF mission will arrive in Pakistan on May 15.
According to the sources, following Pakistan has successfully completed the short-term loan program of 3 billion dollars, the schedule has been fixed between Pakistan and the International Monetary Fund (IMF) for negotiations on the new loan program.
According to the sources, the IMF mission will arrive in Pakistan on May 15 to discuss the new loan program. The parties will first have technical and then policy level talks. Pakistan has already applied to the IMF for the new loan program. has given
Sources in the Ministry of Finance say that the new loan program may be 6 to 8 billion dollars and the duration may be 3 years or more.
Pakistan has controlled inflation, government spending, reduced revolving credit, IMF
Sources say that it is inevitable to go to the new IMF program, increasing debt and debt repayment is a big challenge, it is necessary to stay in the IMF program till the increase in exports and local resource generation, to keep balance payments and reserves stable. It has been decided to go into the new program of the IMF.
According to the sources, the government will have to take more tough decisions to increase the prices of electricity and gas, increase the scope of taxes, and privatize loss-making institutions.
Pakistan imported mobile phones worth $1.301 billion during the first 9 months (July-March) of the current fiscal year 2023-24, which is 181.26 percent higher than $462.7 billion during the same period of the previous fiscal year.
According to data released by the Pakistan Bureau of Statistics, Pakistan’s mobile phone imports decreased by 4.87 percent on a monthly basis in March 2024 to $153.051 million compared to imports of $160.90 million in February 2024.
Mobile phone imports grew by 930.92% year-on-year in March 2024 from $14.846 million in March 2023.
Mobile phone prices in Pakistan reduced by thousands of rupees
Total telecom imports in the country during July-March 2023-24 stood at $1.623 billion, as once morest $744.971 million during the corresponding period of the previous fiscal year, recording a growth of 117.90 percent.
According to the report, on year-on-year basis, total telecom imports increased by 422.58%. Imports stood at $189.042 million in March 2024 as once morest $36.175 million in March 2023.
On a month-on-month basis, total telecom imports declined by 1.13% in March 2024, from $191.201 million during February 2024.
Regarding the line of succession in Dawoodi Bohra Jamaat in India, the Bombay High Court has given a decision regarding the appointment of Syedna Mufazal Saifuddin.
Bohra communities in Pakistan and India appear to contribute to religious festivals as well as national cultures and important days.
Whether it is Pakistan’s Independence Day or Election Day, every important day is celebrated by the Bohra community with enthusiasm, but in India, a case was going on in the Bombay High Court regarding the Bohra community.
According to Indian media reports, the Mumbai High Court on Tuesday dismissed the case once morest Bohra community leader Syedna Mufazal Saifuddin as successor.
Nobel laureate Malala Yousafzai condemned Israel and reiterated her support for Palestinians in Gaza. The statement followed a strong reaction from his home country, Pakistan, over the Broadway musical he co-produced with former US Secretary of State Hillary Clinton.
Yousafzai, who was awarded the Nobel Peace Prize in 2014, was criticized by some for partnering with Clinton, an outspoken supporter of Israel’s war once morest Hamas.
The musical “Suffs” depicts American women’s suffragettes’ campaign for the right to vote in the 20th century. The musical has been playing in New York since last week.
“I want there to be no confusion regarding my support for the people of Gaza,” Yousafzai wrote on X, the former Twitter account.
“We don’t need to see any more corpses, bombed schools and starving children to understand that a ceasefire is urgent and necessary.”
He added: “I have and will continue to condemn the Israeli government for its violations of international law and war crimes.”
Also read: Qatari mediator: Israel-Hamas talks on Gaza ceasefire have stalled
Pakistan has seen many highly emotional pro-Palestinian protests since the war in Gaza began last October.
“Yusafzai’s theatrical collaboration with Hillary Clinton – representing America’s unequivocal support for the genocide of Palestinians – is a major blow to her credibility as a human rights activist,” popular Pakistani columnist Mehr Tarar wrote on social media platform X on Wednesday.
“I find it very tragic.”
Also read: Hamas demands Israel’s written promises
Although Clinton supported the military campaign to remove Hamas and rejected demands for a ceasefire, he also explicitly called for protection for Palestinian civilians.
Yousafzai publicly condemned the civilian casualties and called for a ceasefire in Gaza.
The New York Times reported the 26-year-old wore a red-and-black pin while attending the “Suffs” premiere last Thursday, signaling her support for the ceasefire.
Also read: 6 Months of the Israel-Hamas War, Peace in the Gaza Strip is Increasingly Difficult to Achieve
But author and academic Nida Kirmani said in
The war began with an unprecedented Hamas attack on Israel on October 7 that resulted in the deaths of around 1,170 people, according to an AFP tally of official Israeli figures. Hamas militants also kidnapped 250 people and Israel estimates 129 of them are still in Gaza, including 34 people the military said were killed.
Clinton served as America’s top diplomat during former president Barack Obama’s administration, overseeing a campaign of drone strikes targeting Taliban militants in Pakistan and the Afghan border.
Yousafzai was awarded the Nobel Peace Prize following being shot in the head by the Pakistani Taliban as she pushed for girls’ education as a teenager in 2012.
However, drone warfare killed and injured a number of civilians in Yousafzai’s home region, sparking more online criticism of the youngest Nobel Laureate, who received the award at the age of 17.
Yousafzai is often viewed with suspicion in Pakistan. Where critics accuse him of pushing a feminist and Western liberal political agenda in the conservative country. (AFP/Z-3)
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