Page 26 - Public Sector Development Program News Today

National May 8, 2021 ISLAMABAD: Former minister for finance Dr Hafiz A Pasha has warned that the IMF programme could land into suspension mode if Pakistan showed its inability to undertake structural reforms and tough conditionalities in the wake of the third wave of Covid-19 pandemic. He also said that Pakistan should reduce the power tariff for industrial sector instead of hiking the tariff on the IMF demand in order to generate increased requirement for electricity “Pakistan will have to ...

National May 8, 2021 ISLAMABAD: Former minister for finance Dr Hafiz A Pasha has warned that the IMF programme could land into suspension mode if Pakistan showed its inability to undertake structural reforms and tough conditionalities in the wake of the third wave of Covid-19 pandemic. He also said that Pakistan should reduce the power tariff for industrial sector instead of hiking the tariff on the IMF demand in order to generate increased requirement for electricity “Pakistan will have to ...

Govt to Renegotiate New Taxes and Electricity Tariffs With IMF The government will renegotiate the conditions of the hiking of the power tariff and the raising of tax revenues with the International Monetary Fund (IMF). This was stated by the new Minister for Finance, Shaukat Tarin, during his first address at a meeting of the National Assembly Standing Committee on Finance at the Parliament House. The meeting was chaired by Faiz Ahmed Kamoka. Minister Tarin said that the IMF has imposed very h...

Power tariffs need to go up, says IMF Top Story April 15, 2021 ISLAMABAD: The International Monetary Fund’s (IMF) resident chief in Pakistan, Teresa Daban Sanchez, has said that the government would have to hike electricity tariff to ensure cost recovery of power generation and to grant long overdue autonomy to the State Bank of Pakistan (SBP) in line with the best international practices. “Pakistan remains committed to the goals of the IMF supported programme and agreed to undertake key ...

ISLAMABAD: The Budget Strategy Paper for 2021-22 to 2023-24 approved by the federal cabinet on Tuesday envisages fiscal adjustments of 1.4 percent of GDP, equivalent to Rs734.44 billion for the...

Many development projects of the PTI government appear to benefit only the affluent Development policy under Imran Khan is a saga of revolutionary promises and regressive outcomes. The problem is that the Pakistan Tehreek-i-Insaf (PTI) has not moved to direct the country’s development policy and practice to serve the ordinary. The PTI has shown that it took over without even the minimum preparation needed to deliver what it promised. The lack of preparedness is visible in the fact of unelecte...

Whatever it takes February 23, 2021 Recent agriculture data is concerning enough to send chills up ones spine. The food import bill is up a massive 52 percent for July 2020 to January 2021, compared to the same period last year. It presents a formidable amount of $4.64 billion in just seven months. Spending on import of cotton has increased by a whopping 266 percent to $0.7 billion in the same period. On the other hand, export earnings of basmati rice have fallen by more than 31 percent to ju...

The ‘Data Protection Bill’ which will prohibit social media platforms like Facebook and Twitter from using consumers’ data without prior consent and will

The Standing Committee on Information Technology and Telecommunication met under the Chairmanship of Member National Assembly (MNA) Ali Khan Jadoon, in

First six months of fiscal year Top Story By Mehtab Haider ISLAMABAD: Pakistan’s budget deficit has risen to Rs1,137.925 billion, equivalent to 2.5 percent of the Gross Domestic Product (GDP), in the first half (July-Dec) of the current fiscal year against 2.3 percent of the GDP in the same period of the last financial year. The major revenue spinners of non-tax revenues are the surplus profit of the State Bank of Pakistan (SBP), up to Rs372 billion, and the second highest revenue getting se...