Pakistan is set to secure around $6 billion over the next three years in a bailout from the International Monetary Fund (IMF).
It's the 13th bailout since the late 1980s that the country has received from the IMF.
"Pakistan is facing a challenging economic environment, with lackluster growth, elevated inflation, high indebtedness, and a weak external position," IMF representative Ernesto Ramirez Rigo said.
The funding still needs approval from the IMF's management.
UAE plans to establish global defence manufacturing hub
The UAE is planning to establish a global defence manufacturing hub in partnership with South Korea’s LIG Defense and Aerospace.
UAE signs contract to purchase C-390 Millennium aircraft for air force
His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, has witnessed the signing of a contract to purchase C-390 Millennium aircraft for the UAE air force.
'Make it in the Emirates' sees strong local, international turnout
His Highness Sheikh Mansour bin Zayed Al Nahyan, UAE Vice President, Deputy Prime Minister and Chairman of the Presidential Court, attended the opening of the fifth edition of 'Make it in the Emirates' on Monday.
Parkin partners with Emaar to stop parking violations
Parkin has signed a multi-year agreement with Emaar Mall Management to ensure slots allotted for People of Determination (PoD) across retail outlets is not misused.
ADNOC to award AED200 billion in projects to advance growth strategy
ADNOC announced on Sunday plans to award contracts worth AED200 billion over the next three years, as part of efforts to expand production capacity and strengthen the UAE’s industrial base.
In a statement marking the 50th anniversary of the unification of the UAE Armed Forces, President His Highness Sheikh Mohamed bin Zayed Al Nahyan said the nation’s strength lies in its military, the unity of its society and the resilience of its development model.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has marked the 50th anniversary of the unification of the UAE Armed Forces with a statement praising their role, sacrifices and five decades of service in defending the nation and upholding its pride.
Dubai's Khor Al Mamzar Beach is now open to the public, marking the first phase of the wider Al Mamzar Beaches development project.
