New Delhi, April 7 (IANS) Debt-ridden Pakistan is facing a grim financial situation as it has to repay $3.5 billion to the United Arab Emirates this month. The repayment, confirmed by a senior cabinet minister during a press briefing, as reported by Pakistan’s Express Tribune, comes at a time when Islamabad’s foreign exchange reserves have fallen to abysmally low levels, raising concerns about the country’s capacity to fulfil its external debt obligations.This financial burden has been int…
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Washington, March 31 (IANS) The Trump administration on Monday signalled that Arab nations could be asked to help bear the financial burden of the ongoing military campaign against Iran, even as US forces continue large-scale operations in the region. Press Secretary Karoline Leavitt said the idea of Gulf partners contributing to war costs was under consideration, echoing past arrangements during earlier US-led conflicts in the Middle East.“I think it’s something the President would be q…
New Delhi: Pakistan is trying to sell two futures at once — and neither is guaranteed. Even as Islamabad markets the JF-17 as a “budget multirole” fighter to cash-strapped air forces, it is simultaneously advertising its coastline as the next energy frontier, awarding offshore oil and gas blocks after years of exploration disappointment. The spectacle is revealing: a state scrambling to monetise both defence and geology because it lacks the one commodity that matters most — a strong econ…
Washington, Dec 31 (IANS) US Secretary of State Marco Rubio held separate phone calls with the top diplomats of the United Arab Emirates and Saudi Arabia, focusing on the deteriorating situation in Yemen and broader concerns affecting regional security and stability, according to official US readouts.In the first call, Rubio spoke with UAE Deputy Prime Minister and Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan. The two leaders discussed the situation in Yemen as well as wider issues impac…