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IMF managing director says Pakistan hasn’t asked for financial assistance

NUSA DUA, Indonesia: International Monetary Fund Managing Director Christine Lagarde said on Thursday the global lending body has not yet received a formal request from Pakistan for financing assistance. Lagarde told a news conference that she will meet the Pakistan delegation to discuss the issue later on Thursday. Couple of days ago, IMF chief economist Maurice Obstfeld said that the fund has not been formally approached by Pakistan for financial assistance, and the country’s cooperation with China has both financial…

Khursheed demands sacking of PIA managing director

ISLAMABAD: Leader of the Opposition in National Assembly (NA) has demanded the dismissal of Managing Director of Pakistan International Airlines (PIA), ARY News reported. Khursheed Shah said that the national airliner cannot be declared innocent in the air crash which claimed at least 47 lives. He claimed the salary package of PIA's MD is six to seven million rupees. The opposition leader also claimed that ATR jets have not been designed for the high-altitude flights. A PIA jet heading to Islamabad from Chitral…

PM approves PSO board memebrs

ISLAMABAD: The complete board of Pakistan State Oil (PSO) except Managing Director has been dissolved while the new board comprises of 10-member approved by Prime Minister Mian Mohammad Nawaz Sharif on Thursday, ARY News reported.