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.
Portugal is reeling under the impact of extreme heat, which has claimed 264 lives in just one week....
On Saturday, U.S. President Donald Trump’s Middle East envoy informed families of hostages held by the Palestinian militant group Hamas that he is w...
The International Atomic Energy Agency (IAEA) has reported that explosions were heard and smoke was seen near Ukraine’s Zaporizhzhia Nuclear Power P...
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday....
According to two Indian government sources speaking to Reuters, India will maintain its oil imports from Russia despite US President Donald Trump’s ...
Iranian President Masoud Pezeshkian arrived in Pakistan on Saturday, August 2, for his first official two-day visit since taking office, at the invitation of Pakistan’s Prime Minister.
At least 27 people have been injured after three cars of a passenger train derailed near Lahore in eastern Pakistan on Friday, officials said.
Iran’s President Masoud Pezeshkian is due to start his two-day state visit to Pakistan on Saturday while the relations of the two neighboring countries have gained new significance in terms of regional and international developments.
The U.S. and Pakistan have reached an agreement that includes reduced tariffs for Pakistan and a partnership in which the U.S. will assist in developing the country’s oil reserves, officials from both sides announced.
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.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
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.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
A new study observed an increase in hospital admissions for cardiovascular conditions following tropical storms.
Portugal is reeling under the impact of extreme heat, which has claimed 264 lives in just one week.
On Saturday, U.S. President Donald Trump’s Middle East envoy informed families of hostages held by the Palestinian militant group Hamas that he is working on a joint plan with the Israeli government aimed at ending the conflict in Gaza.
The International Atomic Energy Agency (IAEA) has reported that explosions were heard and smoke was seen near Ukraine’s Zaporizhzhia Nuclear Power Plant.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment