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.
The European Bank for Reconstruction and Development (EBRD) has provided a €500 million loan (almost $590 million) to the national gas company Nafto...
A major forest fire in northern Morocco is now largely under control, though efforts to fully extinguish it are still underway, the national water and...
Supporters of the ruling Serbian Progressive Party (SNS) threw flares and firecrackers at anti-government protesters in Novi Sad on Wednesday evening,...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 14th of August, covering the latest developments you need to k...
WhatsApp said Russia was trying to block its services because the social media messaging app owned by Meta Platforms META.O offered people's right to ...
Pakistan will create a new force in the military to supervise missile combat capabilities in a conventional conflict, apparently a move to match the neighbouring arch-rival India.
Pakistan has begun expelling documented Afghan refugees weeks before its 1 September deadline, the UN refugee agency says, warning that the early removals breach international law and could uproot more than one million people.
Rescue teams in northern Pakistan have ended a two-week search for 11 people who disappeared in last month’s flash floods, declaring them presumed dead, local authorities said Monday.
At least 299 people, including 140 children, have died in rain-related incidents across Pakistan during the ongoing monsoon season, the National Disaster Management Authority (NDMA) reported on Sunday.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
A magnitude 5.2 earthquake struck 56 kilometres east of Gorgan in northern Iran early Sunday morning, according to preliminary seismic data.
A major forest fire in northern Morocco is now largely under control, though efforts to fully extinguish it are still underway, the national water and forests agency (ANEF) said on Wednesday.
Supporters of the ruling Serbian Progressive Party (SNS) threw flares and firecrackers at anti-government protesters in Novi Sad on Wednesday evening, according to Reuters, prompting police to intervene to end the standoff, a major escalation of nine-month-long protests in Serbia.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 14th of August, covering the latest developments you need to know.
WhatsApp said Russia was trying to block its services because the social media messaging app owned by Meta Platforms META.O offered people's right to secure communication, and vowed to continue trying to make encrypted services available in Russia.
Pakistan will create a new force in the military to supervise missile combat capabilities in a conventional conflict, apparently a move to match the neighbouring arch-rival India.
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