Wednesday, January 20, 2021

Wave-Off Loans To Pakistan Due To Coronavirus Pandemic: Imran Khan

Pakistan PM Imran Khan on Tuesday requested the global community to consider writing off loans to developing nations including Pakistan to fight coronavirus pandemic.

Pakistan Lauds Principled Stand Of Outgoing Malaysian PM Mahathir Mohamad Over Kashmir

In an exclusive interview to Associated Press, Khan expressed anxiety over the calamitous impact of coronavirus on the economies of developing countries. Khan said if a serious outbreak happens in the country, Islamabad’s efforts to lift the economy out of collapse would begin “an unstoppable slide backwards”.

“Exports would fall off, unemployment would soar and an onerous national debt would become an impossible burden,” the premier added. PM Khan maintained that Islamabad does not have the capability and resources to deal with the novel coronavirus.

Chinese President Xi Jinping Arrives In Panic-Hit Wuhan To Reassure People

Earlier, the ‘Trade and Development Report 2019’ released by the United Nations said that Pakistan’s economic crisis has not been fixed despite the fact that support from China, Saudi Arabia and IMF loan have supported to resolve immediate issues.

In a brief comment on Pakistan in the Asia section, UNCTAD’s annual flagship report went on to say that “Pakistan is in the midst of a crisis” as the growth rate has halved, the balance of payments is in poor shape, the rupee has depreciated significantly and external debt is large and rising.

Featured

After Winning A War Against Armenia, Azerbaijan To Hold Large-Scale Military Drills With Turkey

Barely two months after winning a war against Armenia, Azerbaijan will take part in large-scale military exercises with Turkey in the latter's eastern Kars...

Pakistani Anchor Grilled Over Pro-India Comments; Pak Celebrities Come To The Rescue

Pakistani TV presenter Iqrar ul Hassan Syed, who hosts the popular show, 'Sar-e-Aam', on ARY News, has come under fire for hailing India as...

Battle of Kashmiri Queens: Queen Didda To Take On The Last Hindu Queen Of Kashmir Kota Rani In The Clash Of Bollywood

As Bollywood plans to make biopics on two female rulers of Kashmir -- Queen ‘Didda’ and the last Hindu queen, ‘Kota Rani’ -- nobody...

UN Under Fire For Leaking Info On Uighur, Tibetan & Hong-Kong Activists To China

The UN Human Rights Office is under fire for sharing the names of Chinese government opponents, including Uighur activists, Tibetans and Hongkongers, who took...

Indian Air Force Bets Big On Russian Jets; Set To Acquire More MiG-29, Su-30 MKI Fighters – Reports

The Indian Air Force is set to procure 21 MiG-29s and 12 Sukhoi-30 MKI fighter jets from Russia. This development comes after the Indian...