South Asia Aizaz Bokhari South Asia Aizaz Bokhari

Pakistan and IMF Reach $7 Billion Dollar Bailout Deal, In Response to Economic Crisis 

On Sept. 25, the IMF reached a deal with Pakistan, securing the nation the seven billion dollars needed to pay its debts and stay afloat. The news was uplifting to the country that has an external debt of  $130 billion, with $90 billion due over the next three years. The International Monetary Fund, the financial wing of the United Nations, has continuously lent out money over recent years to Pakistan as the nation struggles to pay back interest on decades-old debt. Pakistan has requested a staggering twenty-three bailouts. This request comes as the nation teetered on being unable to pay back its interest obligations, in effect defaulting.


Read More
South Asia Abhishek Girish South Asia Abhishek Girish

Pakistan and China Hold Largest Ever Navy Drills

On Nov 11, the Pakistan Navy and the Chinese People’s Liberation Army Navy (PLAN) launched the third edition of their “Sea Guardian” maritime drills. The exercise comes as a move to strengthen Sino-Pakistani ties and enhance strategic capabilities in jointly safeguarding the oceans.

Read More

Ideas

Cartoon of the Week