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European Parliament turns up the heat on Pakistan, GSP+ in jeopardy

The European Parliament’s call in April for an “immediate reassessment of the EU-Pakistan trade regime” is not being taken seriously in Islamabad, even though there is a risk of temporary withdrawal of the Generalised System of Preferences-Plus (GSP+) facility, a Daily Times (DT) investigation has revealed.

Unconditional $2 8bn from IMF due on 23rd: Tarin - Newspaper

IMF approves $650b to aid coronavirus fight

IMF approves $650b to aid coronavirus fight August 4, 2021 ISLAMABAD: International Monetary Fund (IMF) Tuesday approved the biggest resource injection in the Fund’s history, with $650 billion meant to help countries deal with mounting debt and the fallout from the COVID-19 pandemic, foreign media reported. The creation of the reserve assets known as special drawing rights is the first since the $250 billion issued just after the global financial crisis in 2009, with Managing Director Kristalina Georgieva billing it as “a shot in the arm for the world” that will help boost global economic stability. The SDR allocation will be effective on Aug 23, the IMF said in a statement.

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