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IMF bailout package to restore confidence of foreign investors

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IMF bailout package to restore confidence of foreign investors

ISLAMABAD: Adviser to the Ministry of Finance Dr. Ashfaque Hasan Khan has said that the International Monetary Fund (IMF) bailout package to Pakistan will give confidence to other international organizations to invest in Pakistan.

Pakistan’s success in attracting foreign investment thus depends on its competitiveness as an investment destination relative to other countries, he said during an interview.

Adviser said Prime Minister Imran Khan has reiterated his commitment to introduce reforms in different fields including economic reforms.

He further said , the hard IMF conditions can be painful for the people and Prime Minister wants to extend minimum burden on the public, adding, so the terms and conditions of IMF for bailout package could be adjusted accordingly.

Dr Ashfaque said , the government and IMF will work together on reforms aimed at reducing imbalances.

IMF is not going to give a lot of money and it will be nearly six to seven billion dollars, he mentioned.

 

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PTI govt to complete tenure: Speaker

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Bright future of Pakistan depends on youth's political maturity

SWABI: Speaker National Assembly Asad Qaiser on Sunday said the Pakistan Tehreek-e-Insaf (PTI) government will complete its tenure in power and fulfill all promises made to the people of the country.

This he stated while expressing his views with journalists in Swabi here today.

Qaiser said the incumbent government trying hard to improve living standards of the people and added that financial crunch to end soon.

“The government is moving on the track of prosperity under esteem leadership of Prime Minister Imran Khan”, he contented.

Commenting on the power crises in the country, the NA speaker said directions have been issued to end power cut in the Holy month of Ramadan.

Focusing on Swabi, he said people are complaining against prolonged power outages and urged the Peshawar Electric Supply Company (PESCO) to devise a comprehensive strategy in this regard to provide relief to the people.

Earlier this month, Governor Punjab Chaudhry Sarwar had also said the PTI government will complete its tenure in power and fulfill all promises made to the people of the country.

Prime Minister Imran Khan has come to power to uproot corruption and malpractices in the country, he added.

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Only 56% of women carry CNICs in in rural areas of Punjab: survey

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ISLAMABAD: A Survey conducted by Punjab Commission on Status of Women here Friday reveled that in rural areas of Punjab only 56 percent of young women have Computerized National Identity Cards (CNIC).

According to a survey as compared with rural peers, urban women have 64 percent of CNICs of women age 18 years and above.

Fewer CNICs were issued to women in Punjab (41 %) as compared to men (59 %), it said.

In General Election 2018, 69 percent of all young women have voted, compared to 32 percent in the elections of 2013.

It said that 69 percent of political participation has been noted during the year 2010 to 2018 and only 39 percent of women were aware of political parties and 1.9 percent were active members of these political parties.

62 percent of young women are using cell phones in Punjab (71% urban) while 34 percent have computer literacy.

21 percent young women have access to internet and out these 82 percent participate in social media forums, it added.

Survey stressed that NADRA should actively seek to eliminate the gender gap in CNICs and voter registration through extensive outreach campaigns especially in high schools and colleges.

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Anyone with ‘unsatisfactory performance’ will be removed: PM

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PESHAWAR: Prime Minister Imran Khan has made it clear that he would not hesitate from changing  portfolios of ministers or showing them the door if their performance is not up to the mark.

“I have changed the batting order of my team,” he said while addressing a rally in Orakzai, adding that he would do the same if he finds performance of his team members unsatisfactory.

“If someone is not working, his batting order will be changed,” Khan said

The premier asked chief ministers of Khyber Paktunkhwa and Punjab to keep an eye on their teams as well.

“It is our duty to keep an eye on our teams,” he advised Usman Buzdar and Mahmood Khan. “We are answerable to the Almighty for this responsibility.”

 

 

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