IMF approves $650 bn to aid corona fight
August 4, 2021
ISLAMABAD: The International Monetary Fund (IMF) Tuesday approved the biggest resource injection in the Fund’s history, with $650 billion meant to help countries deal with mounting debt and the fallout from the COVID-19 pandemic, foreign media reported.
The creation of the reserve assets known as special drawing rights is the first since the $250 billion issued just after the global financial crisis in 2009, with Managing Director Kristalina Georgieva billing it as “a shot in the arm for the world” that will help boost global economic stability. The SDR allocation will be effective on Aug 23, the IMF said in a statement.
IMF approves $650b aid to fight corona
August 4, 2021
ISLAMABAD: International Monetary Fund (IMF) Tuesday approved the biggest resource injection in the Fund’s history, with $650 billion meant to help countries deal with mounting debt and the fallout from the COVID-19 pandemic, foreign media reported.
The creation of the reserve assets known as special drawing rights is the first since the $250 billion issued just after the global financial crisis in 2009, with Managing Director Kristalina Georgieva billing it as “a shot in the arm for the world” that will help boost global economic stability. The SDR allocation will be effective on Aug 23, the IMF said in a statement.
CommentBy Mehtab HaiderISLAMABAD: The government has again warned the unvaccinated of blocking mobile SIMs.If the government seems serious about penalising individuals for their negligence, it.
By Mehtab Haider
ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has refused to endorse the Pakistan Civil Aviation Authority (PCCA) request of exclusivity for negotiated tendering with a single party of the UK for holding examinations of Pakistani pilots and recommended to engage in open competitive tendering process.
According to the findings of PPRA, PCCA in its letter dated April 14, 2021 has sought advice of the PPRA regarding negotiated tendering with a single party i.e. UK Civil Aviation Authority-International (UK CAA) keeping in view the provisions Rule 42(d) (i) & (i) that allow such negotiated tendering on the following basis:
Technical or artistic reasons or the reasons connected with protection of exclusive rights or intellectual property, and for reasons of extreme urgency (due to unforeseeable events not attributable to the Procuring Agency).
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