Prime Minister Shehbaz Sharif said on Thursday that the federal government would be terminating its contract with five independent power producers (IPPs) in the first phase, promising relief to the inflation-hit people. There was an uproar across Pakistan recently as people have been receiving high electricity bills, which prompted the Shehbaz-led administration to reconsider the […]
India-Pakistan relations have been barren for over five years now with no green shoots in sight. Instead, the stage is set for a fresh round of bitterness and confrontation. Reports indicate that India has formally invoked Article XII(3) of the Indus Waters Treaty (IWT), seeking its modification. India’s move is not surprising considering Pakistan’s obstructionism […]
The International Monetary Fund’s (IMF) Executive Board on Wednesday approved a $7 billion Extended Fund Facility (EFF) for Pakistan, which Prime Minister Shehbaz Sharif hopes would be the country’s last. Pakistan and the IMF reached an agreement on the 37-month loan programme in July this year. The breakthrough was achieved in the aftermath of getting […]
