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Last update: Sat, 30 Jul 2016 08pm

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Pakistan has reassessed its strategy for public sector enterprises (PSEs) and scaled back planned privatization transactions; however the government is continuing efforts to attract private sector participation and putting in place additional measures to contain its losses following legislative constraints, political opposition, and widespread strikes.
The eleventh International Monetary Fund (IMF) review was uploaded on the website on 5 July, eve of Eid-ul-Fitr. This could be construed as either a deliberate attempt to defuse a critical analysis of the review given the Eid holidays or else indifference to our religious sensibilities.
Pakistan has requested the International Monetary Fund (IMF) for a short extension of the Extended Fund Facility (EFF) arrangement from September 3 to September 30, 2016 to allow sufficient time to conduct discussions for the final review which has been supported by the Fund. The final staff review is scheduled for 1 August. The request was made by the economic team led by Finance Minister Ishaq Dar to the IMF staff level team during 11th review discussions of $6.64 billion EFF in Dubai from May 02-11.
The flows of power sector arrears in fiscal year 2-14-15 were estimated at Rs 48 billion while in 2015-16 such flows declined to Rs 36 billion - a decline of Rs 12 billion -however total stock of arrears rose from Rs 313 billion in 2014-15 to Rs 349.4 billion in 2015-16 - a rise of Rs 36.4 billion.
Renowned social worker Abdul Sattar Edhi passed away after a protracted ailment here on Friday night. He will be laid to rest in Edhi Village Saturday (today), according to Aaj News. He will be buried in a grave that he had earmarked and prepared for himself 25 years ago. He was born in Indian state of Gujarat in 1928. Edhi's kidneys had failed, Faisal Edhi had told reporters at a news conference earlier. Kindney transplantation was not possible due to his old age and profoundly failing health. Faisal said since Friday afternoon he was on ventilator. Edhi had not been eating for sometime.
State funeral of world-famous social worker Abdul Sattar Edhi will be held at National Stadium, Karachi, after Zohr prayers on Saturday. "The venue has been changed at the request of the State authorities," Faisal Edhi told reporters in the wee hours of Saturday. He said since it would be a state funeral, high level security measures would be required.
Pakistan International Airlines (PIA) has reportedly dedicated 'Boeing-777' aircraft to operate special flight for Prime Minister Mian Muhammad Nawaz Sharif, who is expected to return back after a successful open-heart surgery in London on Saturday (today). According to details, PM Nawaz after being given a go-ahead by his doctors to take a long distance flight, following a successful open-heart surgery, is expected to return Pakistan on Saturday (today).