New Delhi, April 15 (IANS) Debt-ridden Pakistan is under pressure to repay its huge loans taken from the Gulf countries, who are losing patience over the inordinate delay, with the UAE refusing to rollover the $3 billion payment that is now overdue.Pakistan’s economy has lurched from one IMF programme to the next for decades, each tranche accompanied by promises of reform that evaporate once the cheque clears. Friendly Gulf monarchies and Beijing have repeatedly stepped in as lenders of first …
Latest Gulf countries News & Updates
Coimbatore, April 11 (IANS) The ongoing tensions in West Asia have severely disrupted mango exports from Coimbatore, leaving traders grappling with heavy losses during what is typically called the peak export season. The impact has been most visible at the Ukkadam mango market, one of the region’s primary trading hubs, where export volumes have dropped sharply due to disruptions in international air connectivity. At the start of the season, exporters usually ship more than 60 tonnes of mangoes…
Jammu, April 9 (IANS) Five workers belonging to J&K have been killed in a road accident in Kuwait, and the families demanded the return of their bodies on Thursday.The five persons comprised one from Thanamandi in Rajouri and four from Surankote in Poonch.The families of the killed workers have appealed to authorities for the return of their bodies.The victims, all reported to be labourers working in Kuwait, had travelled to the Gulf country to earn a livelihood for their families when the a…
New Delhi, April 8 (IANS) Jordan’s Ambassador to India, Yousef Abdelghani on Wednesday welcomed the ceasefire agreement reached between the United States and Iran, noting that Jordan, from the very beginning, has been calling for a peaceful resolution of the conflict. In an interview with IANS, Abdelghani condemned Iran’s targetting of Gulf countries, infrastructure, oil structure, oil fields and closing the Strait of Hormuz. He also mentioned about India-Iran ties, describing them as “solid, st…
New Delhi, April 8 (IANS) The Iranian Supreme Leader’s representative in India, Abdul Majid Hakeem Ilahi, on Wednesday claimed that the United States was compelled to announce a ceasefire with Iran after failing to sustain the conflict, and asserting that continued hostilities would have led to further setbacks for Washington.In an exclusive interaction with IANS, Ilahi said that the US decision to halt the war was not voluntary but driven by its inability to continue fighting.”The US was forced…
United Nations, April 7 (IANS) Russia and China vetoed on Tuesday a resolution calling for opening the Strait of Hormuz and using defensive measures as the deadline for US President Donald Trump’s threat to destroy Iranian civilisation loomed. Pakistan, a member of the triumvirate of countries in a last-minute diplomatic effort, and Colombia abstained on the resolution proposed by Council President Bahrain, while the other 11 members voted for it.The failed resolution had been toned down from …
Mumbai, April 5 (IANS) The police in Mumbai’s Powai area have busted a major gas cylinder theft racket and arrested three accused. The main accused, Raj Chandrakant Kamble (45), along with two accomplices, have been taken into custody.A total of 45 gas cylinders and three stolen motorcycles have been recovered from them, which were stolen from various areas of Mumbai, Navi Mumbai, and Thane.The Mumbai Police said, in recent days, due to the ongoing conflict in Gulf countries, there has been conc…
New Delhi, April 5 (IANS) Iran’s internet blackout, imposed following a joint US-Israel military operation on Tehran, has now entered its fifth week, making it the longest nationwide internet shutdown on record, according to digital monitoring group NetBlocks on Sunday.In a post on social media platform X, NetBlocks reported that the shutdown has continued for 37 consecutive days, exceeding 864 hours, surpassing all previous comparable incidents in terms of duration and scale.“Iran’s interne…
Tiruvalla, April 4 (IANS) Prime Minister Narendra Modi on Saturday launched a sharp attack on the Congress, accusing it of making irresponsible statements on the ongoing West Asia tensions that could jeopardise the safety and livelihoods of Indians working in the region. Addressing a mammoth NDA rally at Tiruvalla in Kerala, the Prime Minister said national interest must take precedence over political rhetoric.Alleging that the Congress was attempting to politicise a sensitive issue, PM Modi sai…
New Delhi, April 4 (IANS) Pakistan’s already weak economy is coming under fresh pressure as the country prepares to repay $3.5 billion to the United Arab Emirates this month, even as relations between the two sides show signs of strain.According to a report by The Express Tribune, Islamabad has decided to return the loans in phases throughout April.The report said that around $450 million will be paid next week, followed by $2 billion and another $1 billion later in the month.The move comes af…