Pakistan plans to seek a $6bn loan from the IMF under its Extended Fund Facility to address its economic challenges, with discussions expected to begin soon. The country faces reluctance from other creditors to provide support, and a larger IMF package is deemed crucial for its economic stability. Additionally, a recent incident in Lahore highlights the dangers of mob mentality and the urgent need for societal transformation towards tolerance and coexistence.
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Dawn Editorials (27 February 2024)
Pakistan plans to seek a $6bn loan from the IMF under its Extended Fund Facility to address its economic challenges, with discussions expected to begin soon. The country faces reluctance from other creditors to provide support, and a larger IMF package is deemed crucial for its economic stability. Additionally, a recent incident in Lahore highlights the dangers of mob mentality and the urgent need for societal transformation towards tolerance and coexistence.
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Al-BAHRIA CSS INSTITUTE
& Punjab Judicial Officers Academy DAWN Editorials: 27 February 2024, Tuesday
New funds Sr.# Word
Meaning in Urdu Synonyms
PAKISTAN plans to seek a new loan of $6bn from the Pursue,
IMF under its Extended Fund Facility for a period of 1. Seek (V) التشرک ان Search for three years, Bloomberg reported last week, citing unnamed officials. Discussions with the lender on the 2. Cite (V) Quote, Name وحاہلدانی new facility are expected to begin in March or April, following the completion of the last review of the ongoing nine-month $3bn Stand-by Arrangement. Creditor, 3. Lender (N) رقضدےنیوا ال The latter arrangement with the IMF, which is due to Financier end soon, had helped the country avert default last Distract, summer. However, Pakistan`s other creditors 4. Avert (V) اکٹھبن Divert multilateral, bilateral, and commercial included have thus far been reluctant to help the nation shore up its دعم ا،نددنہیگ Nonpayment, shrinking foreign exchange reserves and improve its 5. Default (N) وموجدیگ Avoidance external sector outlook, in spite of the present IMF programme. Their reluctance is evident from the fact Lenders, that only $6.3bn in foreign loans, or 35.75pc of the 6. Creditors (N) رقضدےنیواےل Financier annual budgeted target of $17.6bn, in the first seven months of the present fiscal year to January, has Unwilling, 7. Reluctant (Adj) نم نراض ا materialised. But it was not unexpected as foreign Disinclined creditors are waiting for a larger and longer arrangement between Islamabad and the Fund for Support, 8. Shore up (V) اہسرادانی medium to long-term reform policy clarity under the Prop up elected government. Two of the three top global rating agencies, Moody`s and Fitch, recently Warned, 9. Cautioned (V) یک ربخدار ا Alerted cautioned that a larger IMF package is crucial to Pakistan`s longer-term economic stability and to Crucial (Adj) Important, unlock other foreign inflows to cover the country`s 10. امہ Significant annual financing gap of $22-25bn for some years. Influxes, An IMF spokesperson recently said the Fund was 11. Inflows (N) م آ ا،ادنرویناہبٴو Arrivals ready, if requested, to support the post-election government through a new arrangement to address Nevertheless However, 12. (Conj.) مہ ات ا Pakistan`s financing challenges. It, nevertheless, Nonetheless remains unclear if the authorities have started doing their homework towards a quicker conclusion of the Flock, 13. Slew (N) اسرے ا تہب deal billed as being tougher than the current one with Heap the global lender. The government was compelled to Execute, agree to a slew of measures to cut public expenditure, 14. Impose (V) لوگرک ان Enforcement impose additional taxes on corporates and salaried individuals, hike borrowing costs, increase energy Control, rates, etc, to meet IMF goals under the ongoing loan. 15. Curb (V) اقوبرک ان Limit Coupled with the unannounced import control to curb the dollar outflow, these measures have caused Drain, the economy to contract and kept price inflation up, 16. Outflow (N) اسخرہ،ارخاج Loss making matters even more difficult for struggling low-middle-income households. It is also not Seeming, 17. Apparent (Adj) اظرہ apparent how far the incoming minority set-up will Ostensible be ready to go to secure the IMF funds. But it is as clear as day that it would not have much room to Trick, 18. Maneuver (N) اچل manoeuvre while dealing with the lender of last Ploy resort, given the nation`s vulnerable external Susceptible, position and its need for securing financing from its 19. Vulnerable (Adj) زمکور ا multilateral and bilateral partners to stabilise and Weak grow the economy and avoid defaulting on its Mounting (Adj) Escalating, mounting debt. It is also clear that the new 20. ئ ڑبےتھوہ ا Rising government will have no choice but to make difficult and unpopular decisions, no matter what the political costs.
Arranged by: Prof Naveed Sabri
21 Babar Block, New Garden Town, Near Barkat Market Lahore 0333-4438610 0300-4469650 0300-1905555 042-35911609 Al-BAHRIA CSS INSTITUTE & Punjab Judicial Officers Academy DAWN Editorials: 27 February 2024, Tuesday
Missing link Sr.# Word
Meaning Synonyms in Urdu WITH most of Punjab and KP now accessible via Reachable, motorways, which have greatly eased road 1. Accessible (Adj) ئ اقلِبِ َراس ا Available travel for the bulk of the citizenry, it is a shame that the fate of the M-6 Hyderabad-Sukkur Majority, 2. Bulk (N) اھبریدعتاد Most Motorway a major bottleneck in seamless north-south connectivity still remains Blockage, uncertain. Progress on this missing link seems 3. Bottleneck (N) ُراکوٹ Hold up to be stuck in a start-stop rewind loop since 2016, with the latest setback dealt by the recent Unified, 4. Seamless (Adj) ومہارا termination of a contract given to TECMC a Continuous joint venture of local and international Twist, companies to build the 306km motorway. The 5. Loop (N) دارئہ Circle contract was terminated last month over the contracted parties` inability to demonstrate Hindrance, 6. Setback (N) راکوٹ they had sufficient funding by an extended Obstacle deadline. The NHA`s revised estimates place the Distributed, cost of the project at considerably more than 7. Dealt (V) یگ میسقتیک ا Allocated what the tender originally given to TECMC was for. It may be recalled that TECMC had been one وصخًاص ا رطخےاکاکم Undertaking, 8. Venture (N) of only two bidders for the project in January اجتریتوسداہ Scheme 2022. It was reported in local media last year Substantially Considerably, that the Italian partner in the joint venture had 9. ت اکیفدح ا (Adv.) Largely been greatly disturbed after the surfacing of a multibillion-rupee scam in land acquisition for Buyers, 10. Bidders (N) ےل وبیلاگلےنوا ا the project, following which the process had Purchasers been suspended. It seems it never resumed. Gaining, 11. Acquisition (N) ص اح ا The opportunity cost of the PML-N`s various Attainment motorway projects can be debated, but it cannot Restart, be denied that they have thrown open myriad 12. Resume (V) دوابرہرشوعرک ان Recommence opportunities for trade, commerce and tourism that had existed at a much more restricted scale Countless, 13. Myriad (Adj) ےبامُش ار before. Apart from their logistical utility, the Numerous motorways have also had a significant Directorial, sociocultural impact: they have made travel 14. Logistical (Adj) لعتم لقنولمحےس ا Supervisory between different parts of the country much quicker, safer, easier and, in some respects, Usefulness, 15. Utility (N) اافدتی affordable than before. It is unfortunate, Practicality however, that the building of these motorways Follow, was not pursued under a consistent, long-term 16. Pursue (V) احصرکن،التشرکن Chase policy if it were, the country`s largest city and Constant, economic engine would have been connected to 17. Consistent (Adj) لقتسم Steady other urban centres via a motorway long ago. Still, we are now at a stage where one last ن Basic, 18. Foundation (N) باد ُ ی connection is all that is left. The foundation Groundwork stone of the Sukkur-Hyderabad portion was Spell, laid by Shehbaz Sharif during his last stint as 19. Stint (N) دوراہین Period prime minister. Now that he is expected to return to that position soon, it is hoped that he Lower, 20. Drag (V) انٹیسھگ will push to have the project resumed at the Pull earliest. There is no justification for stakeholders to continue dragging their feet and delaying it further.
Arranged by: Prof Naveed Sabri
21 Babar Block, New Garden Town, Near Barkat Market Lahore 0333-4438610 0300-4469650 0300-1905555 042-35911609 Al-BAHRIA CSS INSTITUTE & Punjab Judicial Officers Academy DAWN Editorials: 27 February 2024, Tuesday
Tragedy averted Sr.
# Word Meaning in Urdu Synonyms
IN a distressing episode that recently unfolded in Prevented,
1. Averted (V) ئگ روکیل ا Lahore`s Ichra Bazaar, a young woman found Stopped herself the focal point of a dangerous accusation. Dress, 2. Attire (N) س ابل ا She was dressed, to her misfortune, in attire Outfit featuring Arabic calligraphy. It was gravely Intensify, misinterpreted by some as religious verses and the 3. Escalate (V) ڑبانھ Worsen incident nearly escalated into deadly violence an Saneness, all-too-familiar occurrence in Pakistan. It was 4. Sanity (N) لقع Rationality only through the timely efforts of the Punjab police and the sanity demonstrated by some Expose, 5. Debunk (V) ھک انل وپل ا traders who debunked the allegations that a Show up tragedy was averted. The incident, reminiscent of Reminiscent Evocative, the lynching of Sri Lankan Priyantha Kumara, 6. ایددلےنوا ال (N) Suggestive underscores a perilous mob mentality prevalent in Pakistan, where the merest insinuation of یتخرےکریغبا اقونینا ا Execution, 7. Lynching (N) disrespect for religion can ignite violent fervour. یسکوکامر ان Killing For instance, at least 85 people are reported to Meagre, have been murdered in Pakistan on blasphemy 8. Merest (Adj) ی مکرت ا Trifling allegations since 1990. This readiness to believe Insinuation Implication, the worst, without due diligence or a moment`s 9. ااشرہ،ہیبنت (N) Hint pause for rational thought, represents societal degradation that calls for much-needed Burn, 10. Ignite (V) ڑھباکن introspection. Pakistan must shed the layers of Explode intolerance that have been allowed to permeate Pervade, 11. Permeate (V) انلیھپ society. For too long the state has allowed such Infuse elements to fester. رخاب،احتلاگبڑن Irritate, 12. Fester (V) وہن Aggravate Although critics often call attention to how laws pertaining to sacrilege are misused to settle Pertaining ل ل Related, 13. ِ ُ تُما personal scores, the problem runs deeper. It is not (Adj.) Refered just about reforming laws, but transforming Blasphemy, societal attitudes. Here, mobs rarely wait for the 14. Sacrilege (N) یہ وت ا Violation said laws to kick in before they unleash their Release, bloody fury on victims. To combat such a 15. Unleash (V) وھچڑد اانی Unbridle dangerous mentality, urgent efforts by the ulema are essential. They should denounce such Frenzy, 16. Fury (N) اپلگنپ behaviour and actively advocate for tolerance, Anger coexistence, and the sanctity of life. At the same Battle, time, the heroism of the Punjab police and the 17. Combat (V) نٹمن ا Fight traders who defended the woman must be Denounce Condemn, celebrated. These instances of courage and 18. رکن دیقنت ا (V) Criticize rationality demonstrate that there are elements within society ready to stand against the tide of Holiness, 19. Sanctity (N) س دقت ا intolerance. Much blood has been shed to this Sacredness madness. It must stop now. Wave, 20. Tide (N) رہل Surge
Arranged by: Prof Naveed Sabri
21 Babar Block, New Garden Town, Near Barkat Market Lahore 0333-4438610 0300-4469650 0300-1905555 042-35911609