Pakistan announces to end IMF programme

ISLAMABAD:  Finance Minister of Pakistan Dr Hafeez Sheikh along his team are off to Washington to preside over the end of the current IMF programme.

According to Finance Minister eight out of the nine programmes that Pakistan got into with the Fund have been unsuccessful and government was unable to implement three major economic policy commitments, limiting fiscal deficit to 4.7 per cent of GDP, introducing integrated value added tax (VAT) and power sector reforms, which lead to technical completion of an unsuccessful $11.3 billion programme with the International Monetary Fund (IMF) on September 30.

Accused Former IMF Chief Strauss-Kahn Returns Home

PARIS: Accused of Sex Assault on a hotel maid, Former IMF Chief Dominique Strauss-Kahn returns home on Sunday to an expected icy greeting from party allies after a legal war in New York. 

The prosecutors in New York has dropped the case against Strauss-Kahn who is back to his native country and it seems unlikely that he will get the hero’s welcome in Paris, where his reputation has suffered badly despite that the case has been dropped against him.