12 Aug '18, 5am

16 US Senators seek to block IMF bailouts for China’s Allies including Pakistan https://t.co/FT1CyUxKqR

16 US Senators seek to block IMF bailouts for China’s Allies including Pakistan https://t.co/FT1CyUxKqR

A cross-party group of 16 US senators has urged the Trump administration to block the International Monetary Fund (IMF) from bailing out the countries that have obtained loans from China under its infrastructure development plan. The letter to Secretary of State Michael Pompeo and Treasury Secretary Steve Mnuchin mentions Pakistan, Sri Lanka and Djibouti among the countries that have accepted billions of dollars in loans from China but are unable to repay. “We write to express our concern over bailout requests to the IMF by countries who have accepted predatory Chinese infrastructure financing,” the senators wrote. They mentioned that in 2016, the IMF agreed to a $1.5 billion bailout loan with Sri Lanka due to unsustainable debts to China. “Recently, it has been reported that the incoming government of Pakistan will pursue an IMF bailout in part due to rising current-accou...

Full article: http://www.defencenews.in/article.aspx?id=569982

Tweets

China’s response to Trump’s ‘trade war’ https://t.co/fkaUjoRLcB

China’s response to Trump’s ‘trade war’ https:/...

eastasiaforum.org 13 Aug '18, 12pm

Today the global trading system has entered an age of uncertainty: the multilateral rules-based trade regime is under assa...

#US suspends #military training with #Pakistan: Report

#US suspends #military training with #Pakistan:...

nationalheraldindia.com 11 Aug '18, 1pm

The Trump administration has suspended more than a decade-long military training programme of Pakistani personnel at the U...

Jinnah’s Pakistan is strikingly similar to Imra...

defence.pk 13 Aug '18, 8am

It was the 27th of Ramazan that God blessed Indian Muslims with Pakistan. That was the fulfillment of the dream of Quaid-i...

China’s ‘major-country diplomacy’ is a balancing act: https://t.co/76u90XLMIC

China’s ‘major-country diplomacy’ is a balancin...

eastasiaforum.org 12 Aug '18, 12pm

For all the confidence that using a term like ‘major-country diplomacy’ might betray, there is underlying it a pragmatic a...

Exclusive: As #Trump cracks down on #Pakistan, ...

reuters.com 10 Aug '18, 1pm

ISLAMABAD/WASHINGTON (Reuters) - President Donald Trump’s administration has quietly started cutting scores of Pakistani o...

On its Independence Day, Pakistan stares at bankruptcy

On its Independence Day, Pakistan stares at ban...

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 Paki...