Author: Aleem Malik
IMF Satisfied with Pakistan’s Measures, New Loan Program on the Horizon The International Monetary Fund (IMF) has shown approval of Pakistan’s recent actions, signaling a positive outlook for a new loan program. The Pakistan government has successfully met the conditions set by the IMF, including the approval of the budget for 2024-25. This approval is a crucial step in securing the new loan program, expected to be finalized in July. The government is actively working on fulfilling other requirements, such as adjusting electricity tariffs in line with NEPRA’s decision. These efforts aim to ensure timely implementation of financial adjustments in…
ISLAMABAD: A significant quantity of wheat was imported even during the second month of the elected government as 86,800 metric tons of wheat worth over Rs 7 billion were imported in April 2024 alone, ARY News reported citing well-known sources. According to the government data available with ARY News, in the first two months of the Pakistan Muslim League-Nawaz (PML-N) led government, approximately 7.78 lakh metric tons of wheat were imported. As per official documents, 6.91 lakh metric tons of wheat worth Rs 57.19 billion was imported in the first month of the current government. In March 2024, wheat worth…