RAWALPINDI: The worldwide air transport physique has warned of an `aviation disaster` in Pakistan as airways are struggling to get better USD 290 million on account of a extreme monetary disaster, Daybreak reported quoting the Monetary Instances on Thursday. Pakistan Civil Aviation Authority (PCAA) has mentioned it was making an attempt to pay the airways … Read more
Lahore: Pakistan is a “hostage” to the IMF which is treating the cash-strapped nation like a “colony”, senior chief of PML-N Maryam Nawaz has stated whereas lambasting former prime minister Imran Khan for flouting the earlier agreements with the worldwide lender. Pakistan’s economic system is in dire straits and the nation is awaiting a much-needed … Read more
New Delhi: As Vladimir Putin’s Russian forces battle in Bakhmut in opposition to Volodymyr Zelenskiy’s troops to safe their first main battlefield achieve in additional than six months, China on Tuesday (March 7, 2023) stated that the Ukraine disaster is a tragedy that “may have been prevented”. Talking on the sidelines of an annual parliament … Read more
New Delhi: Pakistan retains going to the Worldwide Financial Fund (IMF) time and again. A whopping variety of 23 programmes clearly means that Pakistan is hooked on the Fund`s robust love. “In truth, we’re the IMF`s most loyal buyer,” mentioned Murtaza Syed, former Deputy Governor of the State Financial institution of Pakistan. Argentina, … Read more
Washington: The US is deeply involved that the loans being given by China to India’s rapid neighbourhood — Pakistan and Sri Lanka — could also be used for coercive leverage, a senior State Division official has mentioned. “Regarding Chinese language loans to international locations in India’s rapid neighbourhood, we’re deeply involved that loans could … Read more
BEIJING: Watching warily Pakistan plunging into the worst financial disaster with prospects of defaulting on international loans, China which holds Islamabad’s largest debt on Monday stated it backed measures taken by its “all-weather pal” to tide over the disastrous state of affairs and hoped it’ll, in the long run, pull by means of. Pakistan’s present … Read more
New Delhi: Amid cash-starved Pakistan struggling to grapple with the financial disaster, the nation’s Defence Minister on Saturday (February 18, 2023) stated that the nation has “already defaulted”. Addressing a ceremony in his dwelling city Sialkot, Khawaja Asif blamed the institution, paperwork and politicians for the prevailing financial disaster. He stated that standing by itself toes … Read more
Islamabad: Former Pakistan Prime Minister Imran Khan has termed the Worldwide Financial Fund (IMF) deal as “remedy of most cancers with disprin (aspirin),” Daybreak reported. He mentioned that the IMF settlement will solely present momentary reduction as it would finally lead the nation to a significant catastrophe because the burden of loans will proceed to … Read more
