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Govt to rework IMF deal: Tarin

Top Story
May 4, 2021
ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin said the IMF agreement imposed very harsh conditions under the $6 billion Extended Fund Facility (EFF) programme.
In his maiden briefing to parliamentarians during the National Assembly Standing Committee on Finance meeting here at the Parliament House on Monday, under the Chairmanship of Faiz Ahmed Kamoka, Shaukat Tarin made it clear that the government would re-negotiate with the IMF its demand for hiking power tariff and raising tax revenues.
Shaukat Tarin said that the era of economic ‘consolidation’ was underway since 2019 resulting into difficulties on economic front. The lack of GDP growth had generated non tax revenue, unemployment, and many other problems on the economic front, he added. At the outset, he said that he believed in the supremacy of the Parliament. ....

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'Never been so bad': Wasp nest found in Hawke's Bay paddock shocks beekeeper

Never been so bad : Wasp nest found in Hawke s Bay paddock shocks beekeeper
4 May, 2021 01:18 AM
2 minutes to read
A wasp nest found in a Hawke s Bay paddock. Video / Supplied
Hawke s Bay residents are urged to call in the professionals when trying to deal with pesky wasp nests.
Commercial beekeeper and part-time exterminator Kieran Chisnall, of Chizzy s Honey Ltd, noticed wasps starting to hang around hives in a paddock near Porangahau, 45km south of Waipukurau.
This time of year, wasps attack bees, he explained.
They can wipe out an entire hive.
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Commercial beekeeper and part-time exterminator Kieran Chisnall stumbled upon quite a big wasp nest while in a Porangahau paddock tending to his hives. Photo / Supplied ....

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KKR taps new $15bn Asian Fund to buy New Zealand's Natural Pet Food | AltAssets Private Equity News

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Global private equity major KKR has completed a buyout of high-meat dog and cat food supplier Natural Pet Food Group usi
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KKR speeds to $18.5bn for biggest-ever fundraise, turns away billions of dollars – report

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KKR has reportedly raised its biggest ever fund by hauling in $18.5bn for its new North America vehicle in less than five months.
The private equity firm reportedly turned away billions of dollars for North America Fund XIII, which had attracted $24bn of commitments, Reuters reported, citing unnamed people it said were familiar with the matter.
It said a formal fundraise close is expected in the next few weeks.
Its previous biggest fundraise was the $17.6bn 2006 fund, which it closed just before the global financial crisis came down hard on the size of the biggest buyouts.
Reuters said the fund is the first to be raised by Pete Stavros and Nate Taylor as co-heads of KKR’s Americas private equity business. ....

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One Equity Partners seals $73m AMECO carve-out from Fluor Corp | AltAssets Private Equity News

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One Equity Partners has agreed to buy the North American operations of construction equipment, scaffolding and small too
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