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پوپ فرانسس، پہلے لاطینی امریکی پوپ، 88 سال کی عمر میں چل بسے

پوپ فرانسس، پہلے لاطینی امریکی پوپ، 88 برس کی عمر میں وفات پا گئے۔ ان کی پاپائیت چرچ میں اصلاحات، غزہ اور فلسطینیوں کی حمایت، اور عالمی انسانی مسائل پر بھرپور توجہ سے عبارت رہی۔

Pope Francis, first Latin American pope, dies at 88

Pope Francis, the first Latin American pope, has died aged 88. His papacy was marked by Church reforms, advocacy for Gaza and Palestinians, and a strong focus on global humanitarian issues.

Fitch upgrades Pakistan’s credit rating to ‘B-‘ on economic stability, fiscal reforms, and IMF progress

Fitch has upgraded Pakistan’s credit rating to stable, citing progress in fiscal reforms, improvements in foreign exchange reserves, and continued performance under the IMF programme. The ratings boost signals renewed confidence from international financial institutions in Pakistan’s economic direction.

فچ نے مالی اصلاحات، معیشت اور زرمبادلہ میں بہتری پر پاکستان کی کریڈٹ ریٹنگ مستحکم کر دی

بین الاقوامی ریٹنگز ایجنسی فچ نے پاکستانی مالی اصلاحات، زرمبادلہ ذخائر میں بہتری اور آئی ایم ایف پروگرام میں پیش رفت کے باعث پاکستان کی کریڈٹ ریٹنگ مستحکم کردی۔ پاکستانی درجہ بندی میں اضافہ عالمی مالیاتی اداروں کے اعتماد کی علامت ہے۔

Pakistan eyes US crude oil to reduce trade deficit and ease export tariffs

Pakistan considers importing US crude oil to offset trade imbalance and reduce Trump-era tariffs. A historic first in energy sourcing and trade recalibration.
NewsroomEconomyPakistan uses U.S. military relations to leverage IMF pleas
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Pakistan uses U.S. military relations to leverage IMF pleas

TT Staff Reporter
TT Staff Reporter
Breaking stories from The Thursday Times' in-house reporter.
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Breaking news from Islamabad confirms that military co-operation with the U.S. with relation to the latter’s plans for their September 11 exit from Afghanistan has reportedly given the Khan government leverage regarding increasingly unpopular IMF reforms. Pakistani officials are looking to receive financial support from their U.S. counterparts in exchange for bringing the Taliban to the negotiation table.

This news comes from Pakistan’s fourth finance minister during the Khan administration, Shaukat Tareen, who further went on to say that the IMF had been “receptive” to their requests to postpone their proposed raising of power and sales tariffs which have hit poverty-stricken areas the hardest.

The Khan government is currently in talks with the IMF to release their next round of funding as part of Pakistan’s current $6bn loan programme. This comes as Pakistan suffers from hyperinflation as a result of the ongoing pandemic.

Pakistan’s current relationship with the U.S. is impaired by the former Trump administration’s sudden disposal of the country’s $2bn security aid in 2018. At the top of the year, Trump had tweeted that Pakistan had given the U.S. nothing but “lies and deceit.” However, since then, Pakistan has played a vital role in establishing relations between the U.S. and the Taliban.

Sourced from the former U.S. President’s now-suspended Twitter account.

The White House’s national security adviser, Jake Sullivan, this week claimed that the U.S. and Pakistan had “constructive discussions” regarding the “future of America’s capabilities,” which include a proposed U.S. base in Pakistan to use in order to launch counter-terrorism operations in neighbouring Afghanistan whenever necessary. 

The poor folk in Pakistan have been consistently undermined by inflation during the Khan era, and their growing contempt for the economy harms PM Khan’s credibility even further. While the Republic has made significant progress trying to overturn the turmoil caused by the pandemic, rating agency Fitch has placed its outlook on Pakistan at B-.

Asfandyar Mir, an analyst on South Asian affairs at Stanford University, confirms that as Biden withdraws his military from Afghanistan, Pakistan’s leverage on the U.S. has improved significantly. “The U.S. is desperate for help with both the Afghan peace process and counterterrorism. It is left with no option but Pakistan.”

Pakistan is eager to build upon this trust the U.S. has placed in them in order to supposedly help Pakistan’s poor. Tareen says that the last thing Pakistan needs is “more burden on our poor people … we have been talking to American officials and they’re willing to help.” 

This is not Tareen’s first stint at negotiating with the IMF. He had done so in 2008 as well, during the PPP era, where Pakistan-U.S. co-operation was hand-in-hand. “In 2008, we obviously had the U.S. and everybody else on my right side because of the war on terror,” says Tareen. “Today, things are different.”

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سول نافرمانی: عمران خان کے سیاسی کھیل کا آخری ترپ کا پتہ یا ماضی کی ناکامی کا تسلسل؟

جب پاکستانی معیشت، اسٹاک مارکیٹ اور سفارتکاری میں نمایاں بہتری کے آثار ہیں، عمران خان کا سول نافرمانی کا اعلان کیا ان کے سیاسی کھیل کا آخری ترپ کا پتہ ثابت ہوگا یا 2014 کی سول نافرمانی تحریک اور آخری کارڈکی طرح ایک اور ناکام تجربہ؟

پوپ فرانسس، پہلے لاطینی امریکی پوپ، 88 سال کی عمر میں چل بسے

پوپ فرانسس، پہلے لاطینی امریکی پوپ، 88 برس کی عمر میں وفات پا گئے۔ ان کی پاپائیت چرچ میں اصلاحات، غزہ اور فلسطینیوں کی حمایت، اور عالمی انسانی مسائل پر بھرپور توجہ سے عبارت رہی۔

Pope Francis, first Latin American pope, dies at 88

Pope Francis, the first Latin American pope, has died aged 88. His papacy was marked by Church reforms, advocacy for Gaza and Palestinians, and a strong focus on global humanitarian issues.

Fitch upgrades Pakistan’s credit rating to ‘B-‘ on economic stability, fiscal reforms, and IMF progress

Fitch has upgraded Pakistan’s credit rating to stable, citing progress in fiscal reforms, improvements in foreign exchange reserves, and continued performance under the IMF programme. The ratings boost signals renewed confidence from international financial institutions in Pakistan’s economic direction.
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