IMF Staff Deal Reached, Investment-Led Growth Now Priority: FinMin
Islamabad: Pakistan has secured a staff-level agreement with the International Monetary Fund (IMF) for the second review under the Extended Fund Facility, paving the way for the release of approximately $1.2 billion in December upon board approval. Finance Minister Muhammad Aurangzeb announced that the focus will now shift to investment-driven growth to strengthen economic stability. The deal brings total disbursements under the program to $3.3 billion.
Pakistan-Afghanistan Agree to Immediate Ceasefire After Week-Long Border Clashes
Kabul/Islamabad: Following a week of intense clashes along the Pak-Afghan border, both nations have reached an immediate ceasefire agreement through talks in Doha. The Pakistani military emphasized that Kabul must prevent cross-border terrorist attacks from Afghan soil. Information Minister Attaullah Tarar stated that Afghanistan is obligated to take action against militants. The conflict has triggered sharp price hikes in both countries, with tomato prices in Pakistan surging fivefold.
SBP to Announce Monetary Policy Today; Key Rate Expected at 11%
Karachi: The State Bank of Pakistan (SBP) will unveil its monetary policy today, with analysts predicting the key policy rate will remain unchanged at 11%. Experts cite persistent food inflation due to floods and limited base effects as reasons for constrained room for further easing.
Major Restructuring Announced in Judiciary, Finance, and Administrative Systems
Islamabad: The government has unveiled sweeping restructuring in the judiciary, finance, and administrative sectors, sparking concerns in political circles. Observers say only time will tell if these reforms serve national interests.
Severe Water Crisis Hits Pakistan After Indus Waters Treaty Suspension
Lahore: Pakistan faces an acute water shortage following India’s suspension of the Indus Waters Treaty. Unnotified operations on the Chenab River dams by India are severely impacting Pakistani agriculture. Experts warn that the country’s limited storage capacity is exacerbating vulnerability.
Uzbekistan Airways Launches Four Weekly Flights Between Pakistan and Uzbekistan
Tashkent/Islamabad: Uzbekistan Airways has started four weekly flights connecting the two nations, boosting bilateral trade and tourism.
Note: These updates are compiled by TV84.pk. Tune in to our channel or visit tv84.pk for full details. Subscribe for real-time alerts!
