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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Pakistan is set to become a founding member of the China-led World Artificial Intelligence Cooperation Organisation (WAICO), with Deputy Prime Minister and Foreign Minister Ishaq Dar travelling to Shanghai on Thursday to sign the founding agreement during a two-day visit.
Pakistan's benchmark stock index recorded its steepest one-day fall in months on Tuesday as renewed fighting between the U.S. and Iran unsettled global markets and heightened fears of disruptions to oil supplies through the Strait of Hormuz. The benchmark KSE-100 Index closed down 3.56%.
Pakistan has allowed a United Nations World Food Programme (WFP) aid convoy to enter Afghanistan through the Torkham border crossing, granting a rare humanitarian exemption despite months of restrictions on cross-border movement amid heightened security tensions with Afghanistan.
Pakistan on Sunday expressed "deep concern" over the latest escalation in the Middle East following renewed military exchanges between the U.S. and Iran. It urged all sides to exercise restraint and honour commitments made under the Islamabad Memorandum of Understanding (MoU).
U.S. President Donald Trump announced the reimposition of a U.S. naval blockade on all Iranian ports and warned that power plants and bridges could be targeted next week unless Tehran returns to negotiations.
The U.S. military announced that it has completed a new wave of strikes against Iranian military targets under U.S. President Donald Trump's orders. The operation targeted command centres, air defence systems, missile and drone facilities, and coastal surveillance sites across multiple locations.
The death toll from the fire at a live music pub in Bangkok has climbed to 32 after two more victims died from their injuries, according to Thailand's Police Hospital.
Ukraine and Russia exchanged fresh attacks on Tuesday, with Kyiv targeting shipping and energy infrastructure inside Russia while Moscow launched another large-scale missile and drone assault on Ukrainian cities.
India's investigation into last year's Air India crash that killed 260 people has entered its final stages, with investigators completing a transcript of the cockpit voice recorder and carrying out a psychological autopsy as they work towards a final report.
Rare protests broke out across Ukraine on Thursday after President Volodymyr Zelenskyy dismissed Defence Minister Mykhailo Fedorov in a government reshuffle, prompting public criticism and demonstrations in several cities.
U.S. President Donald Trump announced the immediate declassification of intelligence related to the 2020 presidential election on Thursday, alleging that China carried out what he described as the largest compromise of election data in U.S. history.
The Israeli army has begun setting up a new line of permanent military posts in southern Lebanon, according to a report by Israeli newspaper Maariv, a move that could complicate ongoing efforts to implement a US-backed withdrawal framework.
Colombia's President-elect Abelardo de la Espriella has announced plans to open an embassy in Jerusalem and withdraw the country's intervention in the International Court of Justice (ICJ) case brought by South Africa against Israel, signalling a major shift in Bogotá's foreign policy.
The Trump administration is pressing ahead with new immigration rules that will impose fixed time limits on visas for foreign students, cultural exchange visitors and journalists, tightening requirements for thousands of people who study and work in the U.S.
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