The International Monetary Fund (IMF) executive board approved a new $1.4 billion loan to Pakistan under its climate resilience fund, alongside the first review of its $7 billion program.
The IMF praised Pakistan's policy efforts, noting significant progress in stabilizing the economy and rebuilding confidence amidst a challenging global environment. However, India raised concerns at the IMF board meeting, urging a broader review of Pakistan’s loans due to tensions between the two countries, particularly following an April attack in Indian Kashmir that killed 26 Hindu tourists and sparked intense clashes.
India voiced worries about the potential misuse of debt funds for cross-border terrorism. In response, Pakistan’s Prime Minister, Shehbaz Sharif, dismissed these concerns, stating that India's efforts to undermine the IMF program had failed. The staff-level agreements for both programs were made before the escalation of hostilities between the nuclear-armed neighbors.
European wine and dairy producers are facing growing uncertainty as new U.S. tariffs threaten to disrupt exports to one of their most lucrative market...
The two-day Ukraine Recovery Conference wrapped up in Rome on Friday, but the vision of rebuilding the war-torn country remains largely theoretical am...
A preliminary investigation by India’s Aircraft Accident Investigation Bureau (AAIB) has revealed that both engines of the Air India Flight AI-171 s...
Norway could soon receive a major boost to its airborne defence, as Washington signals readiness to expand military cooperation through a new high-val...
A British man accused of running a $100 million fake wine loan scam pleaded not guilty in New York, denying claims that he sold investors a vintage co...
Türkiye’s foreign and defence ministers will travel to Pakistan on Wednesday to meet Prime Minister Shehbaz Sharif for talks on bilateral relations and defence cooperation, a Turkish diplomatic source said.
The death toll from the collapse of a residential building in Karachi has risen to 27, Pakistani officials confirmed on Sunday, as a three-day rescue operation came to a close.
Northern Pakistan recorded some of its highest temperatures ever on Saturday, with Gilgit-Baltistan’s Chilas district reaching 48.5°C (119.3°F), breaking a 28-year-old record, according to the Meteorological Department.
The death toll from a collapsed residential building in southern Pakistan has climbed to 21 as rescuers continue searching for survivors into the second day.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
European wine and dairy producers are facing growing uncertainty as new U.S. tariffs threaten to disrupt exports to one of their most lucrative markets.
The two-day Ukraine Recovery Conference wrapped up in Rome on Friday, but the vision of rebuilding the war-torn country remains largely theoretical amid the absence of a ceasefire.
A preliminary investigation by India’s Aircraft Accident Investigation Bureau (AAIB) has revealed that both engines of the Air India Flight AI-171 shut down mid-air within seconds of takeoff, leading to the deadly crash on June 12.
Norway could soon receive a major boost to its airborne defence, as Washington signals readiness to expand military cooperation through a new high-value arms deal.
A British man accused of running a $100 million fake wine loan scam pleaded not guilty in New York, denying claims that he sold investors a vintage collection that didn’t exist. The high-stakes fraud allegedly duped victims with promises of rare bottles and big returns.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment