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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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Army deployed to ensure fool proof security for PK-30 by-election

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Army deployed to ensure fool proof security for PK-30 by-election

ABBOTTABAD: Pakistan Army troops have been arrived for their deployment at various polling stations in PK-30 Balakot to ensure fool proof security in by-election to be held on February 26.

Thirty-five polling stations of tehsil Balakot have been declared as sensitive. Army officers held meetings with Assistant Commissioner Balakot, representatives of Election Commission and other concerned authorities and discussed in detail the matters related to security arrangements.

The officers of Pakistan Army were briefed about various polling stations, their sensitivities and security measures taken in that regard.

The Army jawans will assume their security responsibilities at sensitive polling stations following review of the constituency.

A total of five candidates are in the run for PK-30. Tough contest is expected between the candidates of Pakistan Muslim League-Nawaz (PML-N) and Pakistan Tehreek-e-Insaf (PTI).

 

 

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Shehbaz, Maryam inquire after Nawaz at Jinnah Hospital

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Shehbaz Maryam inquire after Nawaz at Jinnah Hospital

LAHORE: Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif and Maryam Nawaz inquired after health of former premier Nawaz Sharif at Jinnah Hospital here on Saturday.

Shehbaz Sharif, the opposition leader in National Assembly, prayed for early recovery of his elder brother, who is under treatment there.

Earlier, party workers present outside the hospital, welcomed Shehbaz Sharif and Maryam Nawaz on their arrival.

 

 

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MBS visit: Monday will be holiday in Islamabad

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MBS visit: Monday will be holiday in Islamabad

ISLAMABAD: Monday (February 18) will be a holiday for Islamabadians as the district magistrate has announced a ‘no work’ activity across the federal capital ahead of Saudi Crown Prince Muhammad Bin Salman’s visit to the country.

The public holiday has been declared within the revenue limits of the Islamabad Capital Territory (ICT) for everyone but the offices of essential services.

These essential service offices include the MCI, CDA, ICT administration, ICT police, IESCO, SNGPL and hospitals.

MBS will arrive in the federal capital tomorrow (February 17) on a two-day visit following the invitation by Prime Minister Imran Khan.

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