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Media reports had suggested the trip would begin as soon as Sunday and last two days
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IMF approves revival of massive Pakistan loan programme
Finance minister says Pakistan will receive the 7th & 8th tranche of $1.17 billion
Army troops evacuate people from a flood-hit area in Rajanpur in Pakistan. — AP file
The International Monetary Fund has approved the revival of a massive loan programme to Pakistan, the finance minister said on Monday, as the country grapples with devastating monsoon flooding that has worsened an economic crisis.
“We should now be getting the 7th & 8th tranche of $1.17 billion,” Miftah Ismail said on Twitter.
An original $6-billion bailout package was signed by former prime minister Imran Khan in 2019, but repeatedly stalled when his government reneged on subsidy agreements and failed to significantly improve tax collection.
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The new agreement follows months of deeply unpopular belt-tightening by the government of Shehbaz Sharif, which took power in April and has effectively eliminated fuel subsidies and introduced new measures to broaden the tax base.
Islamabad has so far received $3 billion from the programme, but with the facility due to end later this year, officials sought an extension until June 2023.
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Visitors can enjoy movies with family favourites, including ‘The Jungle Book’, ‘Jumanji’ and ‘Zootopia’ to match the wild theme every evening from 8pm
Sheikh Mohamed conveyed his congratulations to all eight honourees, recognising their inspiring efforts and significant contributions in service to society
His father thanked everyone who participated in the search mission despite the challenges posed by flooding in various parts of the emirate
It will be humid by night and Sunday morning with a probability of mist formation over some coastal and internal areas
Nearly 6,000 volunteers linked to a single support group are working tirelessly across the country to help those affected
Real estate developer MAG pledges to cover all the costs of necessary repairs for affected residents
The substantial increase in charges left many residents financially burdened, as they strive to retrieve their stranded vehicles
