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Pakistan promises to fully implement the $7 billion loan program at a meeting with the IMF team.

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Pakistan’s progress on the $7 billion loan package was assessed by the International Monetary Fund (IMF) and Pakistan during their second day of talks at the Ministry of Finance.

Muhammad Aurangzeb, Federal Finance and Revenue Minister, Minister of State for Finance Ali Pervaiz Malik, the governor of the State Bank, and the chairman of the Federal Board of Revenue (FBR) welcomed the IMF delegation, headed by mission commander Nathan Porter.

The discussion focused on the advancements made thus far in the execution of Pakistan’s $7 billion loan package.

Pakistan’s accomplishments in reaching the majority of the program’s goals for the first quarter of the current fiscal year were reported to the IMF delegation by Finance Minister Aurangzeb. He promised to pursue changes aimed at promoting economic stability and reaffirmed the government’s commitment to finishing the IMF program.

According to sources from the Finance Ministry, the IMF mission would stay in Pakistan until November 15 in order to carry out additional assessments.

The International Monetary Fund (IMF) group landed in Pakistan on Monday and began talking about the country’s fiscal performance with representatives of the Federal Board of Revenue (FBR). In the first quarter of the current fiscal year, the team, headed by the chairman of the FBR, provided the IMF with a briefing on tax collection and revenue numbers.

Between July and September, tax income amounted to Rs2,625 billion, which covered 96.6% of the first three months’ objective, according to FBR officials. Nevertheless, a shortfall of Rs190 billion was incurred in fulfilling the entire tax objective during the four-month period from July to October.

In September, FBR raised an extra Rs8 billion, exceeding the Rs1,098 billion objective, the IMF delegation was told.

Officials told the IMF delegation that over 5.2 million people filed income tax returns this year, generating over Rs132 billion in revenue, a 76% increase over the previous year. Additionally, during the first quarter, the FBR collected Rs 10 billion in taxes from shops.

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Preliminary ruling on Sheikh Rashid’s exoneration plea on conspiracy to assassinate President Zardari

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On Thursday, the Islamabad District and Sessions Court reserved judgment on Sheikh Rashid’s (leader of the Awami Muslim League) appeal in the matter of alleged plot to assassinate President Asif Ali Zardari.

Earlier, Sheikh Rashid sought exoneration in the matter by lodging a plea.

On Thursday, the session was presided over by Civil Judge Yasir Mehmood.

The ex-minister of the federal government and his legal team made an appearance in court.

In court, lawyer Sardar Razaq contended that the FIR filed against Sheikh Rashid did not adhere to the law.

The veteran politician’s lawyer begged the court to clear his client’s name in the case that was filed with the Abpara Police Station.

The case’s ruling was postponed by the court.

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KP CM Ganadapur granted three weeks of travel bail by PHC

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The chief minister of KP, Ali Amin Gandapur, has been granted three weeks of transit bail in his plea with the Peshawar High Court (PHC).

The appeal for information regarding charges against Chief Minister Ali Amin Gandapur was considered by a two-judge panel from the PHC, which included Chief Justice Ishtiaq Ibrahim and Justice Sahibzada Asadullah.

The chief justice noted that the chief minister showed up for the court hearing, even though he was actually scheduled to be in Islamabad for an IMF meeting.

The applicant’s legal representative has asked for specifics of all pending charges against Chief Minister Gandapur, including those in Punjab.

According to the assistant attorney general, he told the ministry of the interior to adhere rigidly to court orders.

According to CJ Ibrahim, they have the option to request a response from the federal government and extend protection bail up to the Punjab region.

In every case, the additional attorney general ensured that court orders were implemented. He said that he had written to each district and requested details from the Punjab Police and the Inspector General.

The assistant attorney general has asked for an extension of three weeks to complete the report.

Gandapur could not attend the court daily due to his administrative duties and his position as chief minister and public office holder, according to Justice Asadullah.

After extending KP CM’s protective bail, the judge postponed the case hearing to December 17.

“Prepared to Protest”

Speaking to the media outside of PHC, KP CM Ali Amin Gandapur declared that he was prepared for the PTI protest meeting and that this time, the action plan will be stringent but undisclosed.

He emphasized that their peaceful protest was in accordance with their constitutionally protected right. According to him, his group was attacked, rubber bullets were shot, and routes were blocked so that protests couldn’t take place.

Importantly, on November 24th, Aleema Khan, who is the brother of PTI founder Imran Khan, said that her brother had called for a final protest.

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A response to an intra-party election case has been granted an extension by PTI.

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The matter involving PTI’s intra-party elections was heard by the Election Commission of Pakistan (ECP), and the party once again asked for more time to respond.

Barrister Gohar Ali Khan, chairman of the PTI, and petitioner Akbar S. Babar were both present before a two-member ECP court that heard the matter.

In response to PTI’s plea for additional time to respond, the Election Commission extended the deadline.

Additional case proceedings will not resume until December 4, per the commission’s adjournment.

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