On its Independence Day, Pakistan stares at bankruptcy

On its Independence Day, Pakistan stares at bankruptcy

defencenews.in 14 Aug '18, 12pm

As Pakistan celebrates its Independence Day today, it is also grappling with a big economic crisis. The State Bank of Pakistan has only about $10 billion of foreign exchange reserves, which may not be enough to fund imports after two months. The country runs a serious risk of defaulting on its payments. The situation poses a challenge to Pakistan’s prime minister-elect Imran Khan who will be sworn in on August 18. Imports exceed exports :: The balance of payments crisis originates in the current account deficit, which is the value of imports exceeding the value of exports. Pakistan's current account deficit has grown four times in just two...

Al Qaeda's alliance with the Taliban 'remains firm,' UN says

longwarjournal.org 14 Aug '18, 10pm

Al Qaeda’s “alliance with the Taliban and other terrorist groups in Afghanistan remains firm,” according to a new report released by the Unit...

Trump signals he may ignore Russia provisions in defense bill he just signed via @reporterjoe

defensenews.com 14 Aug '18, 7pm

WASHINGTON — U.S. President Donald Trump said in a statement he reserves the right to ignore the defense authorization law’ s ban on U.S. rec...

Mattis Seeks to Deepen Relations with South American Partners

defense.gov 14 Aug '18, 6pm

Mattis Seeks to Deepen Relations with South American Partners Aug. 14, 2018 News By Jim Garamone | Contact Author DoD News, Defense Media Act...

Search-and-Rescue Mission for Missing 13th MEU Marine Ends

military.com 14 Aug '18, 1pm
Search-and-Rescue Mission for Missing 13th MEU Marine Ends

A massive search-and-rescue mission for a Marine believed to have gone overboard while deployed aboard a Navy ship near the Philippines last ...

US Air Force, Army's 101st Airborne Division called in to help defend major A...

militarytimes.com 13 Aug '18, 6pm

Late last week, less than 100 miles from Afghanistan’s capital city of Kabul, Taliban forces ...

[email protected] to provide PAC-3 MSE for #Sweden #Patriot #airdefense

armyrecognition.com 14 Aug '18, 7am

U.S. and Sweden officials formalized an agreement for Sweden to purchase Lockheed Martin's Pa...

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