The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan that would unlock $1.2 billion in funding once approved by the Fund’s Executive Board.
According to the IMF, the agreement covers two financial arrangements — $1 billion under the Extended Fund Facility (EFF) and $200 million under the Resilience and Sustainability Facility (RSF). This brings Pakistan’s total disbursements under both programmes to around $3.3 billion.
Finance Minister Muhammad Aurangzeb confirmed earlier that the government was close to finalising the deal, which marks a key step towards securing additional support from the global lender.
An IMF mission visited Islamabad last week but left without finalising the staff-level review of Pakistan’s two main financing programmes, valued at a combined $8.4 billion.
The IMF said the agreement remains subject to approval by its Executive Board, which is expected to assess the country’s fiscal performance and reform commitments before releasing the next tranche.
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The U.S. military is redirecting at least three Iranian-flagged tankers after intercepting them in Asian waters near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday. Meanwhile, Tehran said U.S. breaches, blockades and threats are undermining “genuine negotiations.”
We are not witnessing another cyclical downturn or a temporary geopolitical disturbance. What we are living through is far more profound: a systemic recalibration of the global order. Three long-standing assumptions have quietly collapsed.
The European Union adopted its 20th package of sanctions against Russia on Thursday (23 April), introducing sweeping new restrictions aimed at weakening Moscow’s war economy and limiting its capacity to sustain the war in Ukraine.
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Iran’s Revolutionary Guards targeted three vessels, seizing two of them for alleged maritime violations and transferring them to Iranian shores, as U.S. President Donald Trump said Washington is extending its ceasefire with Iran until Tehran submits a proposal.
Two local trains collided head-on north of Copenhagen on Thursday (23 April), injuring 17 people, five of them critically, according to emergency services.
The U.S. military has intercepted at least three Iranian-flagged tankers in Asian waters and is redirecting them away from their positions near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday, exclusively to Reuters.
The U.S. military is redirecting at least three Iranian-flagged tankers after intercepting them in Asian waters near India, Malaysia and Sri Lanka, shipping and security sources said on Wednesday. Meanwhile, Tehran said U.S. breaches, blockades and threats are undermining “genuine negotiations.”
The European Union is preparing its 20th round of sanctions against Russia over the war in Ukraine. The measures are close to being approved, after earlier delays linked to energy concerns in Slovakia and Hungary eased following repairs to the Druzhba oil pipeline.
The European Union adopted its 20th package of sanctions against Russia on Thursday (23 April), introducing sweeping new restrictions aimed at weakening Moscow’s war economy and limiting its capacity to sustain the war in Ukraine.
European Union leaders were set to discuss the bloc’s mutual assistance clause at a summit in southern Cyprus on Thursday, as U.S. President Donald Trump’s criticism of traditional allies raises concerns over his commitment to NATO.
International cyber agencies on Thursday (23 April) urged organisations to strengthen defences against covert networks used by China-linked hackers to conceal malicious activity, Britain’s National Cyber Security Centre (NCSC) said.
SoutSouth Korea’s national data protection agency said on Thursday it had imposed a significant fine on matchmaking service Duo following a cybersecurity failure that led to the leak of highly sensitive personal information.
China has released a military propaganda video hinting at a possible fourth aircraft carrier - its first to be nuclear-powered.
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