Cash-strapped Pak Government
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Cash-Strapped Pak Cuts 150,000 Jobs, Dissolves 6 Ministries As Part Of IMF Deal
In an effort to minimise administrative expenditures, cash-strapped Pakistan on Sunday announced to abolish about 150,000 government posts, close six ministries, and merge two others, as part of reforms agreed upon with the IMF under USD 7 billion lo
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Cash-Strapped Pak Bans Red Carpets At Official Events To Cut Costs
Pakistan Prime Minister Shehbaz Sharif has banned the use of red carpets at government events, reserving them exclusively for diplomatic receptions, as part of austerity measures to cut down unnecessary expenditures in the cash-strapped nation.
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Cash-Strapped Pak Draws $51 Billion Budget, Sets Aside Half To Pay Debt
Pakistan's cash-strapped government unveiled a 14.5-trillion-rupee (around $50.5-billion) budget Friday, with over half set aside to service 7.3 trillion rupees of debt.
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Cash-Strapped Pak Allocates Rs 1.8 Trillion For Defence In Budget 2024
Cash-strapped Pakistan on Friday hiked defence spending by 15.5 per cent and allocated over Rs 1.8 trillion, as the government unveiled a Rs 14.4 trillion budget for 2023-24 as it battled to fend off a looming default due to shrinking foreign reserve
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IMF Negates Cash-Strapped Pak's Claim Of Meeting Loan Conditions: Report
The IMF has rejected the cash-strapped Pakistan government's claim that it has met all the conditions to reach an agreement with the global financial body to release funds under an already agreed loan facility, according to a media report.
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Cash-Strapped Pak Imposes Surcharge On Electricity To Collect Revenue
The cash-strapped Pakistan government surrendered to another IMF demand when it imposed a surcharge of up to Rs 3.23 per unit on electricity consumers across the country with effect from July 1, according to a media report on Thursday.
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Cash-Strapped Pakistan Announces Early Closure Of Markets, Wedding Halls
Cash-strapped Pakistan today announced early closure of markets and wedding halls as part of a raft of measures under the energy conservation plan as the government struggled to revive the economy.
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Pak Minister On Flood Aid From India: Government Will Consult Allies
Pakistan's Finance Minister Miftah Ismail said on Wednesday the government will consider importing goods from India after consulting its coalition partners and key stakeholders, as the cash-strapped nation seeks to stablise soaring food prices.
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Pak Government Considers Reducing Working Days To Save Fuel: Report
The cash-strapped Pakistan government is examining the possibility of conserving fuel by reducing the number of working days, a move by which it is hoping to save an estimated $2.7 billion in foreign exchange, a media report said.
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IMF, Pakistan Government Reach Agreement On 2nd Review Of USD 6 Billion Bailout Package: Pak Media
The International Monetary Fund or IMF has said it has reached an agreement with the Pakistani authorities "on policies and reforms" needed to complete the second review of the USD 6 billion loan approved for the cash-strapped country's fragile economy, a media report said on Friday.
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Talks On $3.4 Billion Loan To Pak Not Finished: Asian Development Bank
In a huge embarrassment for the Pakistan government, the Asian Development Bank or ADB has distanced itself from the "premature announcement" of Prime Minister Imran Khan's adviser that the global lender would provide a loan of USD 3.4 billion to the cash-strapped nation, saying "discussions are ongoing".
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Pak Military To Voluntarily Cut Defence Budget, Imran Khan Praises Move
In an unprecedented voluntary move, Pakistan's military has decided to cut its defence budget for the next fiscal year amid an austerity drive launched by the government to help solve the cash-strapped nation's economic problems.
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Abu Dhabi Crown Prince Meets Pak PM Imran Khan For Talks On Economic Aid
Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed bin Sultan Al-Nahyan met Pakistan Prime Minister Imran Khan here Sunday as the cash-strapped country seeks economic assistance to bolster its foreign exchange reserves and the government's fiscal policies.
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IMF Dissatisfied With Pakistan's Fiscal Policies: Reports
The IMF has expressed dissatisfaction at the current state of Pakistan's tax collection as the cash-strapped government sought a bailout package of up to $6 billion from the multilateral lender to overcome the economic challenges, media reports said today. The cash-strapped Pakistani government led by Prime Minister Imran Khan is facing grave econo...
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From Selling BMWs To Buffaloes, How Imran Khan Is Tackling Pak's Debt
The cash-strapped Pakistan government on Monday sold 34 cars as part of an auction of 102 luxury vehicles, including some bullet-proof ones, as part of Prime Minister Imran Khan's austerity drive.
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Cash-Strapped Pak Cuts 150,000 Jobs, Dissolves 6 Ministries As Part Of IMF Deal
In an effort to minimise administrative expenditures, cash-strapped Pakistan on Sunday announced to abolish about 150,000 government posts, close six ministries, and merge two others, as part of reforms agreed upon with the IMF under USD 7 billion lo
-
Cash-Strapped Pak Bans Red Carpets At Official Events To Cut Costs
Pakistan Prime Minister Shehbaz Sharif has banned the use of red carpets at government events, reserving them exclusively for diplomatic receptions, as part of austerity measures to cut down unnecessary expenditures in the cash-strapped nation.
-
Cash-Strapped Pak Draws $51 Billion Budget, Sets Aside Half To Pay Debt
Pakistan's cash-strapped government unveiled a 14.5-trillion-rupee (around $50.5-billion) budget Friday, with over half set aside to service 7.3 trillion rupees of debt.
-
Cash-Strapped Pak Allocates Rs 1.8 Trillion For Defence In Budget 2024
Cash-strapped Pakistan on Friday hiked defence spending by 15.5 per cent and allocated over Rs 1.8 trillion, as the government unveiled a Rs 14.4 trillion budget for 2023-24 as it battled to fend off a looming default due to shrinking foreign reserve
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IMF Negates Cash-Strapped Pak's Claim Of Meeting Loan Conditions: Report
The IMF has rejected the cash-strapped Pakistan government's claim that it has met all the conditions to reach an agreement with the global financial body to release funds under an already agreed loan facility, according to a media report.
-
Cash-Strapped Pak Imposes Surcharge On Electricity To Collect Revenue
The cash-strapped Pakistan government surrendered to another IMF demand when it imposed a surcharge of up to Rs 3.23 per unit on electricity consumers across the country with effect from July 1, according to a media report on Thursday.
-
Cash-Strapped Pakistan Announces Early Closure Of Markets, Wedding Halls
Cash-strapped Pakistan today announced early closure of markets and wedding halls as part of a raft of measures under the energy conservation plan as the government struggled to revive the economy.
-
Pak Minister On Flood Aid From India: Government Will Consult Allies
Pakistan's Finance Minister Miftah Ismail said on Wednesday the government will consider importing goods from India after consulting its coalition partners and key stakeholders, as the cash-strapped nation seeks to stablise soaring food prices.
-
Pak Government Considers Reducing Working Days To Save Fuel: Report
The cash-strapped Pakistan government is examining the possibility of conserving fuel by reducing the number of working days, a move by which it is hoping to save an estimated $2.7 billion in foreign exchange, a media report said.
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IMF, Pakistan Government Reach Agreement On 2nd Review Of USD 6 Billion Bailout Package: Pak Media
The International Monetary Fund or IMF has said it has reached an agreement with the Pakistani authorities "on policies and reforms" needed to complete the second review of the USD 6 billion loan approved for the cash-strapped country's fragile economy, a media report said on Friday.
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Talks On $3.4 Billion Loan To Pak Not Finished: Asian Development Bank
In a huge embarrassment for the Pakistan government, the Asian Development Bank or ADB has distanced itself from the "premature announcement" of Prime Minister Imran Khan's adviser that the global lender would provide a loan of USD 3.4 billion to the cash-strapped nation, saying "discussions are ongoing".
-
Pak Military To Voluntarily Cut Defence Budget, Imran Khan Praises Move
In an unprecedented voluntary move, Pakistan's military has decided to cut its defence budget for the next fiscal year amid an austerity drive launched by the government to help solve the cash-strapped nation's economic problems.
-
Abu Dhabi Crown Prince Meets Pak PM Imran Khan For Talks On Economic Aid
Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed bin Sultan Al-Nahyan met Pakistan Prime Minister Imran Khan here Sunday as the cash-strapped country seeks economic assistance to bolster its foreign exchange reserves and the government's fiscal policies.
-
IMF Dissatisfied With Pakistan's Fiscal Policies: Reports
The IMF has expressed dissatisfaction at the current state of Pakistan's tax collection as the cash-strapped government sought a bailout package of up to $6 billion from the multilateral lender to overcome the economic challenges, media reports said today. The cash-strapped Pakistani government led by Prime Minister Imran Khan is facing grave econo...
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From Selling BMWs To Buffaloes, How Imran Khan Is Tackling Pak's Debt
The cash-strapped Pakistan government on Monday sold 34 cars as part of an auction of 102 luxury vehicles, including some bullet-proof ones, as part of Prime Minister Imran Khan's austerity drive.
