IMF, Pak attain staff-level settlement for launch of $1.1 billion mortgage tranche

ISLAMABAD: Pakistan and the Worldwide Financial Fund (IMF) have reached a staff-level settlement for the discharge of $1.1 billion from a $3 billion bailout package deal the cash-strapped nation wanted to avert a sovereign default.The settlement is “on the second and final review of Pakistan’s stabilisation programme”,saidNathan Porter, the pinnacle of the IMF group that […]

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European Union to supply USD 5.48 billion for navy assist to Ukraine

BRUSSELS: The European Union has agreed to supply 5 billion euros (USD 5.48 billion) for navy assist to Ukraine, as a part of a revamp of an EU-run help fund, reported Al Jazeera.In a transfer to increase navy assist to Ukraine as its forces battle towards Russia’s invasion, the EU said that it’ll assist Ukraine […]

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