Skip to main content

General Bajwa, has requested assistance from Washington in achieving an early transfer of funds from the IMFin order to help stabilize Pakistan's shrinking economy.

  The Chief of Army Staff, General Qamar Javed Bajwa, has requested assistance from Washington in achieving an early transfer of funds from the International Monetary Fund in order to help stabilize Pakistan's shrinking economy. Deputy Secretary of State Wendy Sherman, according to security sources, spoke with the army chief earlier this week. It is stated that the army chief made a plea to the White House and Treasury Department to get the IMF to immediately supply the almost $1.2 billion that the country is slated to receive under a reopened loan program. "Staff-level approval" for the loan was granted by the International Monetary Fund (IMF) on July 13. IMF Executive Board clearance is required before the transaction can be completed as part of Pakistan's $6 billion Extended Fund Facility. The International Monetary Fund (IMF) will be on vacation for the next three weeks, and its board will not meet until late August at the earliest. According to an IMF official wh...

The government will provide 100,000 laptop computers as part of the Prime Minister's PAloLaptop Scheme.

According to the Special Assistant to the Prime Minister (SAPM) for Youth Affairs, Shaza Fatima Khawaja, around 100,000 students enrolled in government institutions and colleges will soon get free computers as part of the Prime Minister's Laptop Scheme.



She told APP on Monday that the initiative will exclusively offer high-quality computers to young people based on their merit.

"These laptops will be offered to every Ph.D. and postgraduate students, as well as top achievers in undergraduate programs," she explained.

According to the SAPM, the laptop program's given quota for Balochistan students has been increased, as have quotas for handicapped students and 50% of the program's authorized quota for women. The Prime Minister Skilled program would teach up to 100,000 young people in skills and information technology.

She said that the Pakistan Muslim League (N) administration created the Prime Minister Youth Program in 2013, which included six measures for empowering youth.

Khawaja dismissed the notion of terminating the Prime Minister Youth Loan Scheme as incorrect, adding that the program has been restructured and the loan cap has been reduced.

"Now, youngsters will be given interest-free loans up to Rs500,000, while loans between Rs500,000 and Rs7,500,000 will be given on reasonable conditions," she told APP.

She emphasized the critical necessity to offer these kids with market-relevant skills education, citing the fact that 20 lakh graduates enter the labor force each year after completing their schooling.

#PrimeMinistersLaptopScheme #laptopdistribution #laptopsforstudents #Pakistan

Comments

Popular posts from this blog

Dania, Amir Liaquat's third wife, petitions the court for the exhumation of her late husband.

Dania, Amir Liaquat's third wife, petitions the court for the exhumation of her late husband. Dania Malik, the third wife of late televangelist and politician Aamir Liaquat Hussain, petitioned the Sindh High Court (SHC) for permission to exhume her husband's remains following his death. Aamir Liaquat, a well-known politician and television personality, was found dead at his home on June 9—just 9 days after a fight with Dania. A two-judge bench comprised of Justices Kousar Sultana Hussain and Mohammad Iqbal heard the plea. The court allowed her request to join a similar petition as a party. According to a lawyer for Aamir Liaquat's family, no markings were detected on the deceased's corpse, and his children did not want a postmortem on their father.

Due to the default risk, the IMF seeks assurance of a new condition for Saudi Arabia's $4 billion investment in Pakistan.

Due to the default risk, the IMF seeks assurance of a new condition for Saudi Arabia's $4 billion investment in Pakistan. According to News, International Monetary Fund (IMF) is attempting to examine Saudi Arabia's commitment to supporting Pakistan before disbursing further cash to the South Asian country. Furthermore, knowledgeable sources, that the IMF wants to guarantee that Saudi Arabia provides up to $4 billion in finance to Pakistan to ensure that Islamabad does not face a liquidity vacuum following the IMF loan. It would includes special drawing rights, as per sources. It is crucial matter as the IMF needs to lend Pakistan $1.2 billion, it would not be sufficient for Prime Minister, Shahbaz Sharif’s to avoid debt default, confirmed by sources. According to projections, Pakistan would require at least $41 billion in debt payments and foreign exchange reserves over the next 12 months. It further said that if there is a risk of default, the IMF's board of directors may ...

Pakistan defeated Sri Lanka in the first test match courtesy to Abdullah Shafique's under-pressure 150-run innings.

Pakistan won the first test match against Sri Lanka thanks to Abdullah Shafique's under-pressure 150-run innings. The first Test between Sri Lanka and Pakistan began on July 16, making the series an intriguing component of the international test championship. In this first test, Sri Lanka won the toss and chose to bat first, however with an outstanding spell from Shaheen Afridi and Yasir Shah, Sri Lanka were bowled out for 222 runs in the first innings. While Pakistan begins this trail and struggles with the bat, because of Captain Babar Azam's century, Pakistan scores 218 runs, falling 4 runs short of Sri Lanka's total. And as the final inning began, Sri Lanka played admirably, and with the amazing spell of Nawaz's five wickets, Pakistan remain Sri Lanka to a total of 342 runs. While chasing 342 runs, Pakistan preserves and wins the first test with Abdullah Shafique's 150. The second test match between Pakistan and Sri Lanka will begin on July 24, 2022.