INSUBCONTINENT EXCLUSIVE:
NEW DELHI: More concerns on the economic front, an audacious attack on the Karachi police chiefs workplace, and other news that made
headlines last week in the neighbouring country in our Pakistan round up: Pakistan has already defaulted, says defence ministerPakistan has
actually currently defaulted, defence minister Khawaja Asif stated on Saturday, while holding everybody, consisting of the facility,
administration, and politicians responsible for it.Speaking at a personal college event in Sialkot, he stated you may have learnt that
Pakistan is going bankrupt or that a default or crisis is taking place
It has currently occurred
We are living in an insolvent country
He said today scenario was the result of least regard for the Constitution and the guideline of law during the last 7 years
The option to our problems lies within the country
The IMF does not have the option to Pakistans problems, he further said.Karachi Police office aggressors identifiedPakistani Taliban
militants who attacked the workplace of the Karachi Police chief have been identified as citizens of two tribal districts bordering
Afghanistan, authorities said on Sunday.Zala Noor and Kifayatullah were determined as residents of north Waziristan and Lakki Marwat
districts respectively.Three TTP terrorists were eliminated and 4 others, consisting of 3 security workers, also lost their lives in the
attack.Read full storyPetrol at all-time high after 22 rupees hikePakistan federal government hiked fuel rate by another massive 22 rupees a
litre on Thursday to touch an all-time high.Back-to-back hikes have seen the price of fuel in Pakistan increase greatly, from about 150
rupees a litre in May 2022 to the present 272 rupees
Pakistan is desperate for an IMF bailout to support its having a hard time economy
The worldwide lender has laid down withdrawal of subsidies on fuel and power as among the condition for the package.Read complete storyFitch
downgrades Pakistans ratingGlobal ratings agency Fitch has actually cut Pakistans sovereign credit score by a notch from CCC+ to CCC-,
mentioning policy dangers, critically low reserves and big refinancing risks, and tough conditions set by the International Monetary Fund
Its downgrade comes after S&P Global in December cut its long-term sovereign credit ranking for Pakistan by one notch to CCC+ from B ,
citing an ongoing weakening of its external, financial and economic metrics.Read full storyChina temporarily closes consular workplace in
IslamabadChina has actually briefly shut down the consular section of its embassy in Pakistan because of technical concerns
The embassy refrained from offering particular details about the nature of the technical problem or the timeline for the closure.The alert
follows a notification by the Chinese government, encouraging Chinese residents to be careful while in Pakistan, stating they may be at
threat due to a degrading security situation.Read full storyWatchPakistan: Amid huge economic crisis, defence minister Khwaja Asif states
nation has declared bankruptcy
