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Ishaq Dar expects IMF deal in next 24 hours

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LAHORE: Finance Minister Ishaq Dar said a staff-level agreement for a crucial bailout deal with the International Monetary Fund (IMF) was “very close” and expected in the next 24 hours. Pakistan is racing against time to unlock at least $1.1 billion under the lender’s ninth review of a $6.5-billion Extended Fund Facility (EFF) agreed in 2019. The programme expires on Friday. “We are very close to signing a staff-level agreement with the IMF,” minister Ishaq Dar told Reuters late on Thursday. “I think it should come some time tonight or maximum within 24 hours. We have finalised everything.” A source familiar with talks told Reuters that Pakistan and the global lender were also in discussions for the release of the full $2.5 billion pending under the IMF programme. The source said the staff-level agreement was to set to initially unlock around $1.1 billion and then be followed by a “standby agreement” which could release the rest after the programme finishes on Saturday. A repres...
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The Night Witches: The All-Female World War II Squadron That Terrified The Nazis

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The Night Witches decorated their planes with flowers and painted their lips with navigational pencils — then struck fear into the hearts of the Nazis. Wikimedia Commons Group photograph of several members of the Night Witches, all of whom became heroes of the Soviet Union. Left to right: Tanya Makarova, Vera Belik, Polina Gelman, Yekaterina Ryabova, Yevdokiya Nikulina, and Nadezhda Popova. The women of the 588th Night Bomber Regiment of the Soviet Air Forces — better known as the Night Witches — had no radar, no machine guns, no radios, and no parachutes. All they had onboard was a map, a compass, rulers, stopwatches, flashlights, and pencils. Yet they successfully completed 30,000 bombing raids and dropped more than 23,000 tons of munitions on advancing German armies over the course of four years during World War II Colonel Marina Raskova, The “Soviet Amelia Earhart” Wikimedia Commons A stamp portrait of Marina Raskova in uniform with the insignia of a major of the Sovie...
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Karachi: Stampede breaks out during distribution of BISP funds

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KARACHI: Stampede broke out during the distribution of funds of the Benazir Income Support Programme (BISP) among deserving women in Karachi, ARY News reported, citing rescue sources.  The stampede broke out outside the BISP office near KPT Ground in Karachi’s Kemari area. As a result, 20 women lost fell unconscious. Getting the information, the rescue teams reached the spot and moved the women to the hospital. Last Monday, Benazir Income Support Programme (BISP) announced releasing the fourth quarterly tranche of Benazir Kafaalat cash assistance. Read more: ‘BISP budget enhanced up to Rs455bn in Budget 2023-24’ According to a press release, the fourth quarterly tranche would be Rs 9,000 per beneficiary, after 25 increase, which was announced by the federal government early this year. In addition to Benazir Kafaalat cash assistance, Benazir Taleemi Wazaif stipend’s instalment of January to March is also being disbursed to 6.7 million school-going students, having at least 70...
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