Lahore, July 1 (SocialNews.XYZ) Pakistan Prime Minister Shehbaz urged that the $3 billion pact signed with the International Monetary Fund (IMF) should be the country’s last loan programme with the global lender. The staff-level agreement…
Islamabad, July 1 (SocialNews.XYZ) Pakistani Prime Minister Shehbaz Sharif has said that his government’s stand-by agreement with the IMF for $3 billion will help in bringing economic stability and growth to the country. < div…
New Delhi, June 30 (SocialNews.XYZ) China has a lot of foreign exchange reserves that do not show up in the official books of the People’s Bank of China. Those funds have been hidden in the state…
Beijing, June 30 (SocialNews.XYZ) China’s new Law on Foreign Relations, adopted by the country’s top legislature on Wednesday, will take effect on Saturday asserting Beijing’s interests on the world stage. Of the 297 laws currently…
Islamabad, June 30 (SocialNews.XYZ) After an eight-month delay, the Pakistan government and the International Monetary Fund (IMF) have finally reached a staff-level pact on a $3 billion stand-by arrangement as the cash-strapped nation is teetering…
Colombo, June 30 (SocialNews.XYZ) Clearing doubts and speculations that domestic debt restructuring (DDR) would not affect the country’s banking system, Sri Lanka Central Bank assured that 57 million bank deposits would be protected as withdrawing…
Hong Kong, June 29 (SocialNews.XYZ) China has unveiled a sweeping foreign relations law enshrining its right to impose ‘countermeasures’ against actions that it deems a threat — in Beijing’s latest bid to bolster its position…
New Delhi, June 29 (SocialNews.XYZ) Sri Lanka began a five-day bank holiday from Thursday to allow the crisis-hit nation to restructure $42 billion in domestic debt, a media report said. The island nation is facing its…
Manila, June 29 (SocialNews.XYZ) The Manila-based Asian Development Bank (ADB) on Thursday said it has approved a $50 million loan to help Nepal improve its domestic and international trade. In the fiscal year 2022, the…
Shanghai, June 29 (SocialNews.XYZ) Shanghai has so far issued four yellow alerts for abnormally high temperatures this year, though it has entered the annual rainy season, known as “plum rain season” in China. On Thursday…
Colombo, June 29 (SocialNews.XYZ) The World Bank Group said it has approved $700 million in financing for two operations to help Sri Lanka implement foundational reforms as the island nation is trying to overcome its…
Colombo, June 29 (SocialNews.XYZ) Two Sri Lankan airlines have sought permission to hire foreign pilots, the island nation’s Civil Aviation Authority said. SriLankan Airlines and Fits Air have a serious shortage of pilots, said P….
Islamabad, June 29 (SocialNews.XYZ) Pakistan has conveyed its strong reservations to the US for its deepening defence cooperation with India, viewing the development as a direct threat to the country’s security interests. Official sources said…
London, June 29 (SocialNews.XYZ) Wind and solar power are booming in China and may help limit global carbon emissions far faster than expected, according to a new study. Solar panel installations alone are growing at…
Islamabad, June 28 (SocialNews.XYZ) Pakistan will hold a three-day international conference in July to promote tourism in the country, local media reported on Wednesday. Chairman of the Prime Minister’s Task Force on Gandhara Tourism, Ramesh…
Islamabad, June 28 (SocialNews.XYZ) The Pakistani rupee (PKR) depreciated by a record 28 per cent or around 82 PKR against the dollar in the outgoing fiscal year, a brokerage house reported primarily as a result…
Islamabad, June 27 (SocialNews.XYZ) Pakistan Prime Minister Shehbaz Sharif on Tuesday made his fourth contact with International Monetary Fund (IMF) Managing Director Kristalina Georgieva in six days, as the cash-strapped nation scrambles to revive a…
Islamabad, June 27 (SocialNews.XYZ) The Pakistan government has decided to lease out the new Islamabad International Airport to interested international investors in the first phase following the practical difficulties in outsourcing two international airports in Karachi…
Islamabad, June 27 (SocialNews.XYZ) The death toll from rain-related incidents in Pakistan has increased to 23 after injured persons succumbed during treatment in the last 24 hours as the country witnessed the start of a…
Colombo, June 27 (SocialNews.XYZ) Sri Lankan President Ranil Wickremesinghe reiterated that there was no military agreement with China and that he would not allow the island nation to be used as a base for any…