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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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0% found this document useful (0 votes)
7 views3 pages

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.

Uploaded by

ahmadmfaiz297
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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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

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