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Loans piling up for returning old loans, says PM

Loans piling up for returning old loans, says PM
Top Story
April 9, 2021
ISLAMABAD: Prime Minister Imran Khan Thursday said loans are piling up and further loans are being taken to repay the previous loans.
“The loan instalments we have to pay increase every year. We have unfortunately been unable to properly manage our economy. We have taken several loans, which instead of creating wealth to help pay back loans are actually increasing our loans, he said at the ground-breaking ceremony of Farash Town apartments in Islamabad, which is a housing project under the Naya Pakistan Housing programme.
The prime minister said the PTI government returned Rs15,000 billion more in the head of loans as compared to the previous PML-N government. He said the fate of the country would have changed if this amount was spent on infrastructure development. ....

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Minister for Finance, Governor State Bank call on PM Imran

Minister for Finance, Governor State Bank call on PM Imran
Published On
PM was informed that transactions made through Roshan Digital Account had crossed US $ 800 million.
ISLAMABAD (Dunya News) – Minister for Finance Hammad Azhar and Governor State Bank Raza Baqir called on Prime Minister Imran Khan on Thursday, Dunya News reported.
Prime Minister Imran Khan was informed during the meeting that the transactions made through Roshan Digital Account had crossed US $ 800 million – which was a good omen.
During the meeting, the country’s economic situation was discussed.
Earlier, Minister for Housing Tariq Bashir Cheema called on Prime Minister Imran Khan and apprised the Prime Minister of the progress on the Ministry’s ongoing projects. ....

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Cabinet committee approves TORs for forensic audit of SOEs

Cabinet committee approves TORs for forensic audit of SOEs
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

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Pakistan's economy to grow 4.0% by 2021-22: IMF

April 8, 2021
The International Monetary Fund (IMF) has predicted Pakistan’s Gross Domestic Product (GDP) to grow by 4.0 percent by next fiscal year (2021-22).
In its annual report “World Economic Outlook 2021”, the IMF has forecast 1.5 GDP growth for Pakistan during the current fiscal year 2020-21.
This however, is in contrast to the revised growth forecast of 3.0 percent for current fiscal year by State Bank of Pakistan (SBP). The actual growth rate target set by the federal government for the corresponding year is 2.1 percent. Minister for Finance Hammad Azhar also reaffirmed the government’s resolve to have higher GDP growth than the target set for the current fiscal year. ....

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ECC approves PIA restructuring plan

ECC approves PIA restructuring plan
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

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