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.
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Shahbaz Sharif, the Pakistani Prime Minister arrived at the Heydar Aliyev international airport on Friday 7th November to a guard of honour prepared specially to recognise him.
Afghanistan and Pakistan will resume peace talks in Istanbul on Thursday, both nations said, after a previous round ended without agreeing a lasting truce.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 3 November, covering the latest developments you need to know.
Pakistan expects to bring its first Chinese-designed Hangor-class submarine into active service next year, a move seen as deepening its defence partnership with Beijing and strengthening its posture in the North Arabian Sea.
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Israel launched airstrikes on southern Lebanon after ordering evacuations, accusing Hezbollah of rebuilding its forces despite a year-old ceasefire, as Lebanon and the United Nations warned of renewed border tensions.
U.S. Senate Republicans have blocked a resolution that would have barred President Donald Trump from launching military action against Venezuela without congressional approval, despite growing concern over recent U.S. strikes in the southern Caribbean.
The driver who rammed his car into a crowd in western France on Wednesday is suspected of "self-radicalisation" and had "explicit religious references" at home, the country's Interior Minister Laurent Nunez said on Thursday.
Mexican President Claudia Sheinbaum announced on Wednesday that she had filed a legal complaint against a man who groped and tried to kiss her as she walked between meetings in Mexico City — a day after footage of the incident went viral online.
The Trump administration is seeking to make sharing data about pathogens a condition for countries receiving U.S. health aid, according to a draft document obtained by Reuters.
Ukrainian President Volodymyr Zelenskyy appointed a new commander for drone air defences on Friday, recognising the critical role these defences play in countering the threat of Russian drones.
A majority of judges on Brazil's Supreme Court panel voted on Friday to dismiss former President Jair Bolsonaro's appeal against his 27-year prison sentence for allegedly plotting a coup to remain in power after the 2022 presidential election.
The United States has expressed full support for the European Union's proposal to use frozen Russian assets to aid Ukraine and bring an end to the war with Russia, a U.S. source familiar with the matter told Reuters on Friday.
The European Commission has tightened Schengen visa rules for Russian citizens, limiting most new applicants to single-entry permits, citing security risks linked to the war in Ukraine.
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