Building on the 2023 Stand-by Arrangement, IMF staff and Pakistani authorities have reached a staff-level agreement on a 37-month Extended Fund Facility of about US$7 billion, aiming to cement macroeconomic stability, strengthen fiscal and monetary policy, broaden the tax base, improve SOE management, enhance competition, secure investment, enhance human capital, and expand social protection.
The International Monetary Fund (IMF) and Pakistan have reached a staff-level agreement that could unlock $700 million in funding, as part of a larger $3 billion stand-by arrangement.
Pakistan has moved on two fronts over the Houthi assault on Saudi Arabia this week: Defence Minister Khawaja Asif warning the Makkah Defence Pact could become operational, and Pakistan separately delivering a direct diplomatic warning to Iran, Reuters reports, urging Tehran to rein in the Houthis.
Apple has unveiled the iPhone Duo, its first-ever foldable iPhone, featuring a 7.6-inch display Apple calls the largest and most immersive iPhone screen ever. The launch, presided over by new CEO, starts at $1,999, with preorders opening October 16.
US President Donald Trump did not push back on British plans to sanction Israeli settlements when briefed by Prime Minister Andy Burnham, a Western official told The Times of Israel.
British Prime Minister Andy Burnham announced a package of measures targeting Israeli settlements in the West Bank, including a trade ban, a formal declaration that the occupation is unlawful, and sanctions on individuals and companies profiting from settlement expansion, calling it a decisive break from years of British hesitancy.
برطانیہ، فرانس اور کینیڈا نے مقبوضہ مغربی کنارے (فلسطین) میں اسرائیلی بستیوں سے تجارت پر پابندیاں عائد کر دیں۔ ڈنمارک، ناروے، پولینڈ، سپین اور سویڈن نے ”دو ریاستی حل“ کی حمایت میں مزید اقدامات کا عندیہ دے دیا۔ اسرائیل کی ”سفارتی تنہائی“ بڑھ رہی ہے۔ روئٹرز