Articles for tag: 1bn, Finance, formally, Fund, IMF, Minister, Pakistan, requests, RST, targeting

October 24, 2024

Pakistan’s Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad, Pakistan, July 19, 2024. — Reuters RST provides long-term cash for climate-related spending. Pakistan is one of the most vulnerable countries to climate change. The country is also in talks with the AIIB for an initial issue of $200-250 million. WASHINGTON: Pakistan is targeting about $1 billion in a formal request for funding from an IMF facility that helps low- and middle-income countries manage external shocks, its finance minister said. Reuters. “We have formally requested that they be considered for this facility,” Finance Minister

August 22, 2024

News Desk

International

Tim Walz formally accepts the nomination as a vice presidential candidate

Democratic U.S. vice presidential candidate Minnesota Governor Tim Walz gestures on Day 3 of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, U.S., August 21, 2024. — Reuters Former students marched on stage to introduce Walz. The Democratic vice presidential candidate expresses love for country. Walz devotes much of his speech to supporting Harris. Tim Walz chose to express his love for his country as he introduced himself to millions of Americans at a star-studded third night of the Democratic National Convention (DNC) on Wednesday, accepting Kamala Harris’ nomination to run for the White House. “It

July 26, 2024

News Desk

Business

Pakistan formally requests China’s debt restructuring

Islamabad: Pakistan formally asked China on Thursday to restructure its debts, with outstanding debts for China-Pakistan Economic Corridor (CPEC) power projects rising 44 percent to Rs401 billion by the end of last fiscal year. These unpaid debts, in violation of the 2015 CPEC Energy Framework Agreement, hinder further economic and trade relations between the two countries. Finance Minister Senator Muhammad Aurangzeb and Energy Minister Sardar Awais Laghari met China’s Finance Minister and Chairman of China Export and Credit Insurance Corp (SINOSURE) to discuss the matter. SINOSURE had insured loans taken by Chinese companies from Chinese banks to set up projects

July 23, 2024

News Desk

International

PM Hasina’s government to formally accept SC decision on job quotas

Members of the Bangladesh Army wave to commuters on the second day of a curfew, as violence erupted in parts of the country following student protests against government job quotas, in Dhaka, Bangladesh, July 21, 2024. — Reuters Nearly 150 people died in violent nationwide protests. The SC overturned the apex court’s decision restoring job quotas. The student group gave the government 48 hours to meet their demands. DHAKA: Prime Minister Sheikh Hasina’s government is set to formally accept the country’s Supreme Court ruling that scrapped most quotas on government jobs – an issue that has sparked deadly nationwide protests

July 5, 2024

News Desk

International

Brazil’s Bolsonaro formally accused of abusing gifts from Saudi Arabia

Brazil’s federal police on Thursday formally charged former President Jair Bolsonaro with embezzlement for allegedly misappropriating jewelry he received while head of state, including luxury items given by the government of Saudi Arabia, two police sources said. This is the second time police have formally charged Bolsonaro with a crime. He was accused in March of falsifying his COVID-19 vaccine records. The jewelry, some made by Switzerland’s Chopard, was valued at $3.2 million and included a diamond necklace, ring, watch and earrings given to Bolsonaro and former first lady Michelle Bolsonaro by the Saudi government. Some of the jewelry was

Pakistan formally requests IMF RST fund, targeting $1bn, says finance minister

Tim Walz formally accepts the nomination as a vice presidential candidate

Pakistan formally requests China’s debt restructuring

PM Hasina’s government to formally accept SC decision on job quotas

Brazil’s Bolsonaro formally accused of abusing gifts from Saudi Arabia

Asif Khaliq drives blue-eyed Chaiwala Arshad Khan’s London success

Munir and Naqvi Join Makkah Pact Talks in Tehran

Iran Says the Border Is Open as Pakistan Ships LPG by Sea