INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Economic crisis, the federal governments efforts to mitigate the same and a visit by an IMF group for discussions about a bailout
plan dominated news in Pakistan recently
Frenzied measures to adhere to IMF conditions for an essential monetary plan, spectres of greater taxes and fuel scarcity, and more in our
weekly Pakistan round-up: Supplementary spending plan through ordinance likelyPakistans ongoing talks with the International Monetary Fund
(IMF), which some reports stated are in a definitive stage, might conclude early next week.The information for the fulfilment of terms and
needed actions for an increase in earnings are being worked out under the financing ministry and appropriate departments, Pakistani media
The supplementary budget plan would be ready next week, and, in all possibility, executed through a presidential ordinance.Am IMF group
remained in Pakistan last week, however left without finalising a contract on $1.1 billion in vital funds that would have gone a long way in
preventing Pakistan from going bankrupt and defaulting on external loan repayments.Several petrol pumps in Pakistan run dryAmid the Pakistan
government caution of stern action against hoarders, the scarcity of petrol continues across Punjab province.Dealers have actually held oil
marketing companies (OMCs) responsible for not guaranteeing sufficient supplies as per demand
They pointed out that the majority of the business were not importing gas in view of exchange losses, which the federal government had
adjusted only partly which too, in various phases.New tax on power authorized to satisfy IMF conditionsPakistan federal government has
authorized a new tax on electrical power users, consisting of farmers, to raise an extra Rs 170 billion in profits to satisfy the conditions
of the international lender, according to a statement.However it also authorized a technical additional grant of Rs 450 million in favour of
the ministry of defence, showing that the nation would continue to invest in defence even when the economy remained in alarming straits.Mob
lynches blasphemy implicated in authorities custodyA guy apprehended over blasphemy accusations was lynched in Nankana Sahib district of
Pakistans Punjab province Saturday after a mob burglarized the police headquarters where he was being held.Police said 35-year-old Muhammad
Waris had been taken into custody for allegedly desecrating the Quran
They stated the news of the alleged crime annoyed residents and they generated at eviction of the police station, requiring the implicated
