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Posts tagged as “approves”

Senate approves resolution for NAB ordinance extension:

By Iftikhar A. Khan in Dawn, November 3rd, 2023ISLAMABAD: In a controversial move, the Senate on Thursday extended the National Accountability (Amend­ment) Ordinance, 2023, for another 120 days. A resolution to this effect was moved in the house by Law Minister Ahmad Irfan Aslam. Earlier, the minister laid in the Senate the National Accountability (Amendment) Ordinance, 2023, (Ordinance No. I of 2023), as required by clause (2) of Article 89 of the Constitution. The extension…

IMF approves Sri Lanka’s $2.9bn bailout

Report in The Guardian, Mar 21, 2023The International Monetary Fund has approved Sri Lanka’s request for a $2.9bn bailout, raising hopes for an easing of its economic crisis. The IMF’s board confirmed it had signed off on the loan, clearing the way for the release of funds and kicking off a four-year programme designed to shore up the economy. The IMF managing director, Kristalina Georgieva, warned that Colombo must continue pursuing tax reform and greater…