Economic stability taking hold, says IMF
Actually the “good news” is not good news for us but for them:
Political uncertainty, chronic insecurity and a budget deficit inflated by spending to tackle a Taliban insurgency are all threats to recovery, but the outlook is far brighter than when Pakistan was on the brink of default in 2008.
(Translation: We are getting our interest payments — no matter how the government screws it’s own people for it — and they have promised to squeeze more blood of their citizens, hence the “outlook is far brighter [for us]”)
WB sets 48-hour deadline for $300 million loan
Asks Pakistan to hike power tariff by 6 pc, make progress on VAT
Of course VAT is no where closer to being accepted:
Parliament nod to VAT in limbo
But you know it will be shoved through, parliament approval or no approval:
Impose VAT for IMF loan
The United States has urged Pakistan to impose Value Added Tax (VAT) from July 1 in order to get the next loan tranche from the International Monetary Fund (IMF), leaving Islamabad helpless in its efforts to convince the IMF to continue the $11.3 billion programme without VAT.
Put pretenses must be kept:
PM invites CMs to resolve differences over VAT