4 Posts

fresh

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Fazlur Rehman demands fresh elections

  • 3 min
JUI chief Fazlur Rehman demands fresh elections, alleging widespread rigging and irregularities in the recent general elections. He criticized the government's foreign policy and emphasized the party's commitment to upholding the constitution. The demand for a re-election is to ensure the integrity of the democratic process and respect the people's mandate.
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Pakistan to ‘seek’ fresh IMF loan program

  • 2 min
Pakistan's newly-elected PML-N-led government has decided to seek a fresh loan program from the International Monetary Fund (IMF), with the Ministry of Finance initiating action on the premier's directives. The country aims to secure $6 to 8 billion, anticipating stricter IMF conditions. This move reflects the challenging task of managing increasing debts and repayment of existing loans, with the need to bolster revenue generation and balance payments. Tough decisions on electricity and gas price hikes are expected, while negotiations under the existing short-term IMF loan program are pending.
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Pakistan likely to sign fresh IMF loan programme

  • 2 min
Pakistan is likely to sign a new three-year loan program with the IMF to replace the current one. The program will include sharing budget proposals for FY-2024-25 and committing to raising electricity and gas prices while reducing subsidies. The new conditions are expected to be tougher than the current program.
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US Dollar Rallies to Fresh One-Year High

  • 2 min
The US Dollar (USD) climbed to its highest level in over a year against the Japanese yen on Monday, continuing to draw support from a scaling back of expectations for U.S. Federal Reserve interest rate cuts next year.