Tag Archives: Finance Ministry

Pakistan Approves 500,000 Metric Tons of Sugar Export

Sugar

The government on Friday approved the export of an additional 500,000 metric tons of sugar. This decision comes amid concerns of manipulated stock figures and consumption patterns, reflecting the strong influence of sugar barons on policy-making. The Economic Coordination Committee (ECC) based the approval on conflicting data compared to previous reports. This decision raises questions about transparency and the credibility …

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Government to Overhaul Bilateral Development Financial Institutions Amid Allegations of Nepotism

IMF

The Pakistani government has decided to overhaul bilateral development financial institutions that have become hotspots for nepotism, following the appointment of favored bureaucrats to their boards. These board members reportedly receive up to $5,000 (Rs1.4 million) per meeting in fees. Focus Shift from Primary Role to Government Debt Investments Instead of adhering to their primary role of providing loans to …

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