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Sunday, October 7th, 2018

 

Govt Orders 18 International NGOs to Wrap Up Operations

OCT 7, 2018: The interior ministry has ordered 18 international non-governmental organizations (INGOs) to cease their operations in Pakistan. The government has given 60 days to these foreign NGOs for wrapping up their operations from the country. Of the total, nine have an association with the United States, three with the United Kingdom and two with Holland. Furthermore, connections with Italy, Switzerland, Denmark and Ireland have also been traced, Express News reported on Sunday. In addition, the ministry also imposed restrictions on 72 NGOs. Sources claim that the government allowedRead More


ADB Set to Provide Pakistan $7.1Bn for Inclusive Growth

OCT 7, 2018: The Asian Development Bank (ADB) will provide Pakistan $7.1bn in financing to help the country achieve inclusive and sustainable growth over the next three years, its senior official said. “ADB plans to significantly increase the country’s sovereign operations to $7.1bn over 3 years,” Wencai Zhang, vice president of the Manila-based lender said in a statement. “Along with its continued focus on energy, infrastructure development, and institutional reforms, ADB is also re-engaging in education and health, and social safety net through income support program.” The financial package wasRead More


Tabdeeli (Change) Has Begun

DR. FARRUKH SALEEM: Corruption is “the abuse of public office for private gain (the World Bank’s definition)”. A couple of years ago, the World Bank estimated that public procurement in Pakistan amounted to 19.8 percent of GDP or $60 billion a year. Lo and behold, estimates of ‘leakages’ in this $60 billion-a-year business vary from a low of 30 percent to a high of 60 percent. Lo and behold, the ‘leakages’ amount to a low of $18 billion a year to a high of $36 billion a year. Mohammad KhalidRead More