Skip to main content

Israeli Aerial Assault Kills 7 In Dmasucus

7 people, including children and women, were killed in an Israeli aerial assault that struck a dwellings in the Mezzah region in Damascus.  On Tuesday, Israel launched several missiles at a residential apartment in Damascus' heavily populated Mezzah district. The source added that efforts are underway to rescue people beneath the rubble.  Israel has been committing war crimes against the Sovereign states for a long time.  On September 1, 2024, Israel carried out direct strikes on the Iranian consulate building in Damascus, killing a large number of innocents, including diplomats and military generals, according to Syrian Foreign Minister Faisal Mekdad, who was seen visiting the site alongside Syria's Interior Minister. Scores of Syrians, Iranians and Lebanese have been killed as a result of Israel's airstrikes against Syria and Lebanon since 2011.

Pakistan To Get $6 Billion Bailout From IMF

After more than a month of negotiations, the International Monetary Fund has decided to revive a $6 billion bailout plan for Pakistan, providing a significant boost to the ailing economy, although the government still needs to implement important reforms. The IMF said Pakistan and Pakistan had reached a staff-level agreement on credit checks.

The government statement claims that IMF managing director Kristalina Georgieva and Prime Minister Shehbaz Sharif discussed on Tuesday. 

The two also got together last week in Paris on the fringes of an international banking gathering.

Later, the IMF's Islamabad program chief said that an agreement between the nations was almost complete.

The talks between Pakistan and the IMF ended in December after the international institution stalled the distribution of a $1.1 billion bailout. 

Imran Khan, Sharif's predecessor, agreed to the provisions of the agreement in 2019.

The agreement has a deadline: if the IMF deems that Pakistan has not cooperated with the provisions of the agreement by Friday, it can request that the bailout be terminated entirely. 

Nathan Porter, the IMF's head of staff in Islamabad, signaled that both sides were nearing a deal in a long-awaited statement hours after Pakistani Prime Minister Shahbaz Sharif met with the IMF chief to discuss reviving the bailout.

 In recent days, he claimed, the Pakistani government has "taken decisive action to better align policies with the International Monetary Fund's economic reform agenda," including "budget approval by Parliament."

 The national budget that was approved by Parliament this week "expands the tax base while making room for increased social and development spending, as well as measures to improve the functioning of foreign exchange markets and tighten monetary policy to reduce inflation," according to Porter, putting pressure on the balance of payments, which primarily affects the poor.

He stated that the IMF group was continuing in talks with Pakistani officials in order to "soon reach an agreement on IMF financial assistance." 

Porter's remarks were the clearest indication since December that Pakistan will get a major tranche of $1.1 billion before the bailout's expiration. 

Pakistan and the IMF, according to the agency, have differed over Islamabad's claimed failure to satisfy the terms of the bailout. Pakistan asserts that all requirements have been fulfilled.

The Pakistani government is now battling to avert bankruptcy with financial assistance from friendly countries such as China, Saudi Arabia, and the United Arab Emirates.

It is also mired in an economic crisis unprecedented since Sharif succeeded Khan, who was ousted in a vote of no confidence in Parliament last year.

Last summer's floods also hampered economic recovery, killing 1,739 people and causing $30 billion in damage.




Comments

Popular posts from this blog

Bus Accident In Turkey Claimed Nine lives

TURKEY  —  A bus slammed into an overhead bridge's pillar, killing at least 9 and leaving 26 others injured.  The incident occurred on Friday, killing nine passengers on board and wounding at least 26, according to the province governor. The tragedy occurred when the bus departed from Izmir in western Turkey for Agri in the country's east, authorities said. The injured passengers were transported to hospitals in Ankara and Polatli, but there was no information available regarding their current condition. According to the state-run Anadolu Agency, a deputy chief attorney was tasked with conducting an inquiry into the crash's cause, which resulted in the closure of one side of the road.

Israel Kills Nearly 100 Professors In Gaza

Euro-Med Human Rights Monitor reported on Sunday that Israel killed at least 94 university professors hundreds of teachers, and thousands of pupils after it extended attacks on the Gaza Strip.  IDF targeted educational, scientific, and intellectual personalities in the strip in deliberate and specific airstrikes on their homes without prior notice, a Geneva-based NGO documented.  The preliminary data discloses that there is no explanation or obvious reason for attacking these personalities.  The Palestinian Education Ministry, situated in Gaza claimed that at least 4,327 students and 231 teachers and administrators had died in Israel's brutal onslaughts.

Haniyeh: Hamas Wants Comprehensive Ceasefire

Ismail Haniyeh, the head of the Hamas Political Bureau, has said that the group aspires to reach a broad deal that will end the Zionist government war.  Ismail Haniyeh, the leader of Hamas' Political Bureau, stressed on Sunday that an end to Israel's aggression against the Palestinian people is a "vital and rational" requirement for a negotiated compromise between the Palestinian Resistance and Israel.  Ismail Haniyeh reiterated the Islamic Resistance movement's welcoming stance regarding the current round of talks in Cairo.  Hamas reviewed the subject with Palestinian factions and facilitators, conducting "concentrated talks" among its leaders in Gaza and abroad, before sending a negotiating objective to Egypt, Haniyeh said.  The movement's "positive and progressive" stance on an agreement was conveyed to the delegation, the top official said. He believed that the foundation for a more "secure future" would be laid by ending Isra