By Tariq Naqash in Dawn, November 28th, 2023MUZAFFARABAD: Two members of the Azad Jammu and Kashmir (AJK) cabinet, elected from the Pakistan-based Kashmiri refugees’ constituencies, shocked government officials and staff of a local hotel here on Monday as they scuffled with each other on some alleged business dealing. The incident occurred in the porte cochère of the hotel where earlier a Youth Summit was held under the aegis of AJK sports, youth and culture department,…
Posts tagged as “Monetary”
By A.J. Abeynayake in The Island, Nov 15, 2023The Supreme Court yesterday (14) ruled that former President Gotabaya Rajapaksa, former Prime Minister Mahinda Rajapaksa and former Finance Minister Basil Rajapaksa and several others are responsible for the ongoing economic crisis. The bench comprised Chief Justice Jayantha Jayasuriya, PC, Buwaneka Aluwihare, Priyantha Jayawardena, Vijith K. Malalgoda and Murdu Fernando. The five-judge bench by a margin of five-to-one determined that the Rajapaksa brothers as well as former…
Report in Dawn, Sept 19th, 2023ISLAMABAD: The Foreign Office on Monday sternly rejected a report that claimed Pakistan sold arms and ammunition to Ukraine in order to secure a crucial bailout package from the International Monetary Fund (IMF). The Russia-Ukraine crisis began last year when President Vladimir Putin ordered the latter’s invasion on February 24. Separately, the IMF executive board approved a $3 billion bailout programme for Pakistan in July of this year, with the…
report in ECONOMYNEXT, Mar 27, 2023– A swap with the People Bank of China is to be extended for another three years from 2024, according to documents released with the approval of a deal with the International Monetary Fund. “…[T]he PBoC has indicated that it will consider renewing its swap arrangement with the CBSL in 2024 for another three years, if there is no significant situation change,” according to program documents. According to projections in…