Editorial

IMF bailout versus debt sustainability

Contrary to the government’s version of successful negotiations with the International Monetary Fund (IMF), media reports reveal that agreement on bailout package may hit snags on the condition of sharing all the details of Chimes loans obtained under CPEC framework and short term exorbitantly high interest bearing commercial loans. The conditions of the Washington based…

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Quetta market attack

Amid apparently tight security environment an Improvised Explosive Device went off in vegetable market at Hazargani area in Quetta, killing 20 people and injuring 48 others. One FC soldier was killed and three wounded in the bomb blast. The area has witnessed similar attacks over the past eight years, targeting members of Hazara Shia Community.…

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Donor agencies’ forecast

The World Bank forecast tells that economic growth rate of Pakistan will remain sluggish at 2.9 percent whereas the International Monetary Fund (IMF) has projected it to be lower at 2.5 percent till 2024 if further structural reforms are not carried out. Although UN Economic and Social Council report predicts economic growth rate to be…

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Diplomatic realization

In an interview with a group of foreign journalists, Prime Minister Imran Khan expressed optimism about better chances of peace talks with India if his counterpart Narendra Modis Bhartia Janata Party wins general elections. His analysis is that if opposition Congress Party wins polls its leadership will not be in a position to seek settlement…

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Dream of equal education

Achieving an equally high education standard in all the federating units has become an illusive dream. Fast decline in the quality of education has been witnessed over the past five decades for which successive governments and academia is equally responsible. In the first two and half decade since independence, the degrees awarded by Pakistani universities…

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Foreign Minister’s worrying revelations

Foreign Minister Shah Mehmood Quershi, while addressing a press conference at Mulatan revealed that India is planning a new military action against Pakistan probably in the third week of current month for which a Pulwama type episode may be cooked again. According to him the government has reliable intelligence that New Delhi is devising a…

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Political scenario

Pressure tactics of the allies of the ruling party are on amid rising tension between the government and opposition parties. According to a news report PNL- Q leadership has intensified backdoor contacts with PML-N and speculations are rife that gap between them is fast narrowing amid the changing political scenario. Hamza Shabaz and Chaudhry Monis…

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Development budget utilisation

Judicious and on time utilisation of maximum amount of funds allocated and released for the schemes of socio-economic uplift has never been achieved in Khyber Pukhtunkhwa. But lapse of bulk of the funds has become a regular feature over the past few years as the spending percentage on social sector development never rose above 25…

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Zardari’s warning

Addressing a public meeting on the 40th dearth anniversary of the founder of PPP and former Prime Minister Zulfiqar Ali Bhutto at Ghari Khuda Baksh, ex President Asif Zardari warned to oust the present government if it does not mend its ways. In a threatening tone he said that time has come to expel the…

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At last the truth

Finance Minister Asad Omer after much delay admitted the likelihood of further depreciation in the value of rupee against the US dollar and other major currencies and slim chances of foreign direct investment if agreement is not made with the International Monetary Fund (IMF) for a bail out package. Majority of independent economists had advised…

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