Everyday happening in Pakistan and around
Political turmoil in Pakistan is holding up a $1.1bn tranche of funding from the International Monetary Fund (IMF), according to sources. The funds are part of a $6.5bn bailout package approved by the IMF in 2019, the conditions of which Pakistan has largely met. However, the IMF is seeking assurances that any future political administration […]
Under the AUKUS agreement, Australia will lead a fleet of eight nuclear-powered submarines within 30 years, costing up to AUD 368bn ($267bn), in a deal that will also see the country hosting “rotational deployments” of British and American submarines in Perth within four years. Prime Minister Anthony Albanese described it as the single biggest investment in Australia’s […]
The board of directors of Hascol Petroleum Limited (HPL) has approved a scheme of arrangement that will restructure its debt once it has been approved by the company’s secured creditors and members. The modified scheme was prepared under Sections 279 to 282 and 285 of the Companies Act, 2017, and incorporates feedback from HPL’s creditors. […]
Australia will reportedly purchase three US nuclear-powered submarines, with the option to buy two more, in what is expected to be the nation’s largest defence acquisition costing at least $100bn. Prime Minister Anthony Albanese will unveil the deal through the AUKUS trilateral security pact with the UK and US in San Diego. The submarines, using […]
