Sep 28: The IMF Executive Board completed the twelfth and final review of Pakistan’s three-year economic reform programme, enabling immediate disbursement of the final tranche of about $102.1 million.
About IMF Program
The executive board approved a 3-year arrangement under the Extended Fund Facility (EFF) for Pakistan on Sept 4, 2013
The Facility was about $6.15 billion, or 216 per cent of Pakistan`s current quota at the IMF.
The facility started with an initial disbursement of about $544.5m in 2013.
The arrangement aimed to support the country’s economic reforms programme to promote inclusive growth.
The quarterly reviews not only approved the disbursements but also praised the efforts Pakistan had made to strengthen its economy.
Sep 28: Popular video-sharing website YouTube was launched in Pakistan
YouTube is a platform that runs across 88 countries and has over one billion users
The PTA, on 17 September 2012, ordered access to YouTube blocked, after the website did not remove the trailer of Sam Bacile’s Innocence of Muslims,
Sep 28: The UNDP Pakistan and the government of Balochistan launched the Suppliers Development Programme (SDP).
Sep 28: The federal and AJK governments signed an implementation agreement with a Chinese consortium for development and operation of $1.98 billion Karot Hydropower Project on river Jhelum.
Sep 28: The Sindh High Court allowed the ‘Bol’ channel to launch transmission.
Sep 28: The OPEC agreed to cut its oil output to 32.5 million barrels per day from current production of 33.24 million bpd, for the first time since 2008.
Sep 28: Former Israeli president Shimon Peres died aged 93.
Polish-born Peres, whose family moved to then British-ruled Palestine in the 1930s, was part of almost every major political development in Israel
He served in a dozen cabinets and was twice prime minister, though he never won a general election.
He was first elected to Israel’s parliament in 1959 and barring a brief interlude in early 2006, held his seat for 48 years, until he became president in 2007.
He shared the 1994 Nobel Peace Prize with the late Israeli prime minister Yitzhak Rabin and late Palestinian leader Yasser Arafat for reaching an interim peace deal in 1993, the Oslo Accords.
Sep 28: US Congress voted to override President Barack Obama’s veto of legislation named Justice Against Sponsors of Terrorism Act (Jasta). The legislation now becomes law and allows the Sept 11 victims’ families to sue Riyadh.
Sep 28: The United Nations banned global trade in highly endangered pangolins, a scaly animal that is the world’s most poached mammal.
All eight of the world`s species of pangolin, which range from 12 to 39 inches in length, are threatened with extinction.
Sep 28: Former Australia medium-pace bowler Max Walker died aged 68.
Sep 28: The Saarc summit scheduled to take place in Islamabad on November 9 and 10 was postponed.