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Showing posts from June, 2022

Putin Gets Chinese Plaudits for Calling Pelosi Trip ‘Planned Provocation’

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  Putin Gets Chinese Plaudits for Calling Pelosi Trip ‘Planned Provocation’ Russian President Vladimir Putin attends a meeting with Chinese President Xi Jinping in Beijing, China, February 4, 2022. A senior Chinese Communist Party official publicly praised Vladimir Putin after the Russian leader criticized Speaker Nancy Pelosi’s recent Taiwan visit as “a carefully planned provocation.” Beijing’s show of support for Putin follows the recent  announcement  of joint Sino-Russian military exercises on Russian territory. Putin made his first public remarks on the heightened tensions in the Taiwan Strait during a global-security conference in Moscow earlier this week. “The American adventure in Taiwan wasn’t just a trip by an irresponsible politician. It was part of a deliberate and conscious U.S. strategy intended to destabilize the situation and create chaos in the region and the entire world, a blatant demonstration of disrespect for another country’s sovereignty and its own international
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Pakistan IMF Deal 2022-23:

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Important progress made over budget 2022-23: IMF  The latest development Discussions on policies to strengthen macroeconomic stability in the coming year continue with Pakistan, says IMF resident chief By   Mehtab Haider  & Web Desk June 22, 2022 International Monetary Fund (IMF) Headquarters in Washington. — AFP WASHINGTON: The International Monetary Fund (IMF) on Wednesday confirmed that a breakthrough has been achieved in talks with Pakistan for the revival of the $6 billion loan facility stalled since months due to policy breaches by the previous government. In a statement, IMF Resident Chief Esther Perez Ruiz said, “discussions between the IMF staff and the authorities on policies to strengthen macroeconomic stability in the coming year continue, and important progress has been made over the FY23 budget.” The latest development comes a day after Federal Minister for Revenue and Finance Miftah Ismail had indicated the revival of the agreement with IMF within a day or two. “I am
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The Latest Development Russia-Ukraine War News: Updates

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  Ukraine Status  Humanitarian Situation OCHA - Situation Report - Highlights  ( 10 Feb 2023 ) The humanitarian situation in Ukraine deteriorated drastically and rapidly in 2022, after Russia’s invasion dramatically escalated eight years of conflict into a full-scale war. Throughout the year, intense hostilities caused widespread destruction, killed and injured thousands, forced millions from their homes, destroyed jobs and livelihoods. The number of people in need of humanitarian aid and protection increased from approximately 3 million people at the start of the year to nearly 18 million a few months later. Humanitarian organizations rapidly expanded operations and reached nearly 16 million people with critical assistance in 2022, despite immense challenges. The work was also possible thanks to local NGOs & volunteers, the international community, private donors, who stepped in to support Ukraine, when the country needed it the most. Latest Developments Russia Steps up Strikes Ne
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Stay Updated with News from FocusEconomics

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Reports News Countries Indicators Commodities Awards Resources Blog Home   >   Countries   >   Pakistan Pakistan Economic Outlook June 21, 2022 Economic conditions are deteriorating as FY 2022 (July 2021-June 2022) draws to a close. Rising commodity prices and a large fiscal deficit have inflated the import bill, putting the country on the verge of a balance of payments crisis. The currency has sunk to an all-time low, while international reserves have dwindled to barely two months import cover. The government faces a tricky balancing act: On the one hand, it needs to trim the budget deficit in order to gain access to IMF funds. This led it, as part of its new FY 2023 budget, to unveil new austerity measures in June, such as cuts to fuel subsidies. On the other hand, it wants to avoid exacerbating inflation, which could pull the rug out from under the economy—or even the government itself: Protests recently broke out over the rising cost of living and blackouts caused by fuel sho
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Putin Gets Chinese Plaudits for Calling Pelosi Trip ‘Planned Provocation’

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  Putin Gets Chinese Plaudits for Calling Pelosi Trip ‘Planned Provocation’ Russian President Vladimir Putin attends a meeting with Chinese President Xi Jinping in Beijing, China, February 4, 2022. A senior Chinese Communist Party official publicly praised Vladimir Putin after the Russian leader criticized Speaker Nancy Pelosi’s recent Taiwan visit as “a carefully planned provocation.” Beijing’s show of support for Putin follows the recent  announcement  of joint Sino-Russian military exercises on Russian territory. Putin made his first public remarks on the heightened tensions in the Taiwan Strait during a global-security conference in Moscow earlier this week. “The American adventure in Taiwan wasn’t just a trip by an irresponsible politician. It was part of a deliberate and conscious U.S. strategy intended to destabilize the situation and create chaos in the region and the entire world, a blatant demonstration of disrespect for another country’s sovereignty and its own international
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