Pakistan repays $1.43bn in external debt, says finance ministry adviser
A foreign currency dealer counts US dollars at a shop in Karachi, Pakistan, May 19, 2022. — AFP/FileRepayment includes $1.3bn Eurobond maturing on April 8Debt servicing continued to be executed as non-event: adviser.Repayment reinforces Pakistan’s credibility, says Schehzad.<p…
</p…
UAE loan recall pressures Pakistan’s fragile external position: report
Prime Minister Shehbaz Sharif and President of UAE Sheikh Mohamed bin Zayed Al Nahyan meet in Abu Dhabi on May 23, 2024. — PIDReserves cover only three months imports.Central bank may resort to dollar swaps.IMF tranche delay compounds financial uncertainty.
Pakistan’s…
Oil refining sector faces strain from rising global costs and policy risks
The LyondellBasell refinery, located near the Houston Ship Channel, is seen in Houston, Texas, US, May 5, 2019. — ReutersISLAMABAD: The oil refining sector is facing growing strain due to escalating global costs and uncertainty in policy, raising concerns among industry stakeholders…
PM Shehbaz orders digitisation of National Tariff Commission to boost transparency
PM Shehbaz chairing a review meeting on reforms in the National Tariff Commission on April 7, 2026. — APPPM Shehbaz reviews reforms in National Tarrif Commission.PM orders resolution of issues under comprehensive strategy.Premier directs digitisation of NTC functions for…
Pakistan commits to IMF on civil servants’ asset disclosures, NAB autonomy
International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, US, October 9, 2016. — Reuters NAB reforms to ensure transparent leadership selection.Anti-corruption plan targets top high-risk departments.Banks to…
Oil prices extend gains as Trump sharpens rhetoric on Iran
Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. Picture taken August 22, 2019. — ReutersHormuz Strait carries 20% of global oil flows; disruption raises fears.Trump threatens strikes on Iran’s civilian infrastructure if…
IMF red alert: ME war-choked oil flows to spark runaway inflation, global growth crisis
The International Monetary Fund logo is seen outside the headquarters building in Washington, U.S., September 4, 2018.— Reuters
War has reduced global oil supply by 13%, says IMF chief.ME conflict to dominate next week’s IMF, WB meetings.Barring war, IMF had expected…
A Single Strike Won’t Shut Off the Gulf’s Desalination System
The Gulf’s water system is built with layers of backup, but it relies on continuous operation to hold.
Border Patrol Agents Sold Challenge Coins With ‘Charlotte’s Web’ Characters in Riot Gear
Nonprofits run out of US Border Patrol stations are also selling other “operation”-themed coins that include a phrase popularized by the Proud Boys, potentially in violation of government rules.
One of Our Favorite 360 Cams Is 35 Percent Off
You can score over $200 off the DJI Osmo 360.