WASHINGTON/LAHORE/ISLAMABAD: In separate developments, the Russian Federation and the US promised full support to Islamabad on Thursday, saying Pakistan was an important partner and they wanted.
Pakistan s cabinet has approved an ordinance to bypass all the procedures for selling assets to foreign countries in order to prevent the country from defaulting.
To prevent the country from tumbling into a total crisis of defaulting on loans, the Pakistan cabinet on Thursday issued an ordinance named Inter-Governmental Commercial Transactions Ordinance 2022, that will allow Prime Minister Shehbaz Sharif’s government to sell state assets to foreign entities and governments without any checks.