Pakistan and IMF reach $3 billion stand-by agreement
By DW
02 July 2023 |
7:15 am
The deal would provide much needed relief to Pakistan, which has been on the verge of default. The IMF board has yet to confirm the agreement.
Related
Related
4 days ago
Nigeria has revoked 924 dormant mining licences while calling on investors to apply for the licences offered on a first-come, first-served basis. Meanwhile, the Lagos Chamber of Commerce and Industry is urging the government to review the mining industry strategy to attract mineral exploration investments, reignite mining project development, and accelerate new mineral discoveries.
3 days ago
Paris's landmark museum is gearing up for the Olympics, with a special exhibition that takes visitors through the history of the Games. We hear more about a project for those who want to combine exercise and culture, as the Louvre launches a fitness circuit that puts participants among the artwork. Plus, a new show shines a light on the work of mysterious Dutch painter Jan van Eyck, and French land artist Saype gets his first solo show in Paris, after painting his immense frescoes on landscapes around the world.
3 days ago
The government of the Democratic Republic of Congo is accusing Apple of using "illegally exploited" minerals extracted from the country's embattled east in its products, lawyers representing the African country said Thursday.
1 hour ago
Armed assailants kidnapped a senior judge in Pakistan's restive northwest, news media reported on Sunday, as the county experiences a surge in violence.
Some 15 men on motorbikes stopped the vehicle of Judge Shakirullah Marwat, according to officials cited by the AP news agency.
2 days ago
Nigeria’s Federal Competition and Consumer Protection Commission is intensifying its price monitoring and surveillance exercise across the country in a bid to address irregularities in retail prices of goods and services. Adamu Abdullahi, the acting Executive Vice Chairman and Chief Executive Officer of the Federal Competition Consumer Protection Commission, joins CNBC Africa for this discussion.
1 day ago
US Entertainment giant Paramount Global announced on Monday that CEO Bob Bakish was stepping down. In this edition, we take a closer look at how the company's controlling shareholder, Shari Redstone, may have been behind this move and why the firm's value has plummeted 80 percent in the past eight years. Meanwhile in Argentina, President Javier Milei's second attempt at getting his economic overhaul package through parliament is facing fierce opposition.
Latest
4 mins ago
With less than 100 days to go until the Paris 2024 Olympics, we’re looking into whether or not they will be a healthy investment for Paris and France as a whole. Will the Games boost the French economy? Or will the costs outweigh the benefits?
25 mins ago
Film critic Lisa Nesselson speaks to Eve Jackson about the week's film news, including "The Fall Guy" with Emily Blunt and Ryan Gosling, Philippe Caland's three films "Hollywood Buddha", "Ripple Effect" and "The Guru and the Gypsy", plus Luana Bajrami's "Phantom Youth". We finish with Lisa convincing Eve that a film about old French people is entertaining: Claus Drexel's documentary "Les Vieux", which translates as "Old Folks".
1 hour ago
The Iran-backed rebel group has begun to extend its power locally and regionally. However its policies are far from good governance, exacerbating the humanitarian situation and the economic crisis across Yemen.
1 hour ago
rge swathes of Asia continue to swelter though a dramatic heatwave that has topped temperature records all the way from India to the Philippines. Bangladesh has faced the hottest April on record, with temperatures forcing millions of children to stay home from school and making working in the scorching heat difficult for millions. The heatwave is also leading to water shortages. But that term is one that water supply expert Isha Ray from the University of California, Berkeley does not like. She has been speaking at a conference in Paris called "Facing Environmental Crisis in South Asia" and told us in Perspective why she thinks the term is misleading.
1 hour ago
The Philippine Coast Guard alleged China had aimed water cannons at its ship, "directly hitting the starboard astern of the BFAR vessel." The incident occurred in the Scarborough Shoal, which China seized in 2012.
1 hour ago
Lufthansa is looking to cut costs, including in management, after repeated strikes weighed heavily on Q1 figures. But with the disputes settled and a busy summer anticipated, the CEO touted an imminent "turning point."
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.