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Prime Minister Shehbaz Sharif on Wednesday stated that Pakistan was steadily meeting its International Monetary Fund (IMF) programme commitments, but urged the lender to take into account the recent flood damage in its upcoming review for the country. The prime minister made the remarks during a meeting with Kristalina Georgieva, managing director of the IMF, on the sidelines of the 80th Session of the United Nations General Assembly in New York. According to a Topline Securities’ report, Pakistan is on track to meet all seven Quantitative Performance Criteria (QPC) set by the IMF ahead of the September 25 review of its $7 billion Extended Fund Facility (EFF), which was approved in May this year. The review will assess Pakistan’s performance for the March–June quarter of 2025. However, massive floods in the country have struck both the rural heartland and industrial centres for the first time in decades, causing billions of dollars in damage while straining food supplies, exports and a fragile economic recove...
EVERY year of my journalistic career of nearly half a century, I have known only a free and independent press in the United States. My professional start was in the 1970s. Those were years when Americans could see clearly how the press served democracy. With the publication of the Pentagon Papers, first by The New York Times, the American public learned of the failures its government had covered up during a long war in Vietnam that cost so many lives. Then there was Watergate, an investigation spearheaded by The Washington Post. US citizens learned how their president had weaponised the government against his political adversaries, abusing his powers and sabotaging the Constitution. In the decades since those revelations, I took for granted that my country would always enjoy press freedom — and that the First Amendment of our Constitution would guarantee it. We now live in a time when people are unable, or unwilling, to distinguish between ‘true’ and ‘false’; we cannot even agree on how to determine ‘a fact’ ...5467 items