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Pakistan achieves 25 out of 26 IMF targets

The condition of not giving tax exemption and tax amnesty has also been fully implemented, added the reports.

Published by Noor Fatima

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Islamabad: The implementation of 25 out of 26 International Monetary Fund (IMF) targets for the Second Economic Review has been completed, reportedly.

According to the media reports, the Ministry of Finance has sent the report on the implementation of the targets to the IMF.

It has been found in the reports that the amendment of the Pakistan Society of Actuaries (SOA) law and the implementation of the amendment law have not been completed. The law of National Highway Authority (NHA), Pakistan Post and Pakistan Broadcasting Corporation has not been amended.

Reports suggest that the condition of not getting loan for the government from the central bank and timely payment of external payments has been fulfilled.

The arrears of the power sector, including tax revenues and refund payments, have been cleared on time, while the condition of not giving tax exemption and tax amnesty has also been fully implemented, added the reports.

The rate of 1.25 percent in currency exchange between the interbank and open market is being implemented while the condition of rebasing the electricity rates and increasing the price of gas has also been implemented in a timely manner, continued media reports.

The review of the target implementation report will be completed by the IMF mission before its arrival.

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Pakistan

Liaqat Chattah records statement before ECP’s committee 

According to the details, the allegations of Liaqat Ali Chattah amid rigging in general elections’ results formed into a statement now.

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Islamabad: Former commissioner Rawalpindi Liaqat Ali Chattah has recorded his statement in front of Election Commission of Pakistan’s (ECP) committee.

According to the details, the allegations of Liaqat Ali Chattah amid rigging in general elections’ results formed into a statement now.

ECP’s officials stated that commission’s investigation team sent a notice to the former commissioner Rawalpindi to record his statement regarding the allegations.

It should be noted that the former commissioner Rawalpindi resigned from his post and put allegations amid rigging in general elections’ results on February 17.

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Pakistan

ATC rejects Asad Umar’s interim bail

The court rejected the interim bail of the former federal minister Asad Umar.

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Lahore: The Anti-Terrorism Court (ATC) Lahore Thursday rejected the interim bail of former federal minister Asad Umar, who was nominated in the Shadman police station burning case.

Judge Muhammad Naveed Iqbal of the Anti-Terrorism Court held a hearing on the interim bail of Asad Umar, nominated in the Shadman police station arson case, while the Pakistan Tehreek-e-Insaf (PTI) leader did not appear in the court.

The court rejected the interim bail of the former federal minister Asad Umar.

It is pertinent to note that the former federal minister did not appear before the court after the interim bail.

The Shadman police station has registered a case of arson against Asad Umar.

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