Tag: approval
-
Rana Sanaullah likely to become interior adviser
Pakistan Muslim League-Nawaz (PML-N) made another important decision after making Ishaq Dar the deputy prime minister of the country. Sources have told Samaa that PML-N leader and former federal minister Rana Sanaullah is likely to be given an important role. The government may appoint him as interior advisor, the sources claimed. The senior leadership of…
-
Pakistan anticipates final IMF tranche approval in late April
The International Monetary Fund (IMF) announced that its Executive Board meeting, anticipated for late April, is crucial for approving Pakistan’s final tranche of approximately $1.1 billion (SDR 828 million).
-
Swift approval of 24 universities without proper discussion sparks debate
In an unusual move that contradicts customary legislative protocol, the National Assembly of Pakistan has sanctioned the establishment of twenty-four new universities across various cities within a single session. These approvals, though hailed as a massive boost to the nation’s educational infrastructure, have ignited debates over the abruptness of the process. The approval of the…
-
Pakistan successfully secures final IMF approval for $3 billion bailout
The International Monetary Fund (IMF) has officially granted approval to Pakistan for a 9-month Stand-By Arrangement (SBA) amounting to approximately $3 billion. This decision comes shortly after reaching a staff-level agreement with the country.
-
Life-saving medicines in Pakistan to become 14% more expensive
The Drug Regulatory Authority of Pakistan (DRAP) has announced an increase of up to 14 per cent in the prices of life-saving medicines, following approval from the federal government.
-
IMF demands approval for subsidies as Pakistan struggles to secure tranche
Pakistan has been negotiating an agreement with the International Monetary Fund (IMF) since January 2023. The IMF has specified that Pakistan must receive prior approval before providing any additional subsidies. Negotiations have hit a snag over a plan announced by Prime Minister Shehbaz Sharif in March to charge wealthy fuel consumers more to subsidise prices…
-
PTA temporarily unblocks non-compliant smartphones
A number of Pakistani users have regained cellular connectivity on smartphones that are not PTA compliant. This led many customers and sellers to believe that the PTA had unblocked all non-PTA-approved phones. Unfortunately, all of the reports claiming that the PTA has unblocked non-tax compliant phones are false as the majority of imported phones with…