Standard & Poor’s (S&P) Global has upgraded Pakistan’s long-term sovereign credit rating to ‘B’ from ‘B-’, citing economic reforms, stronger institutions, and improved foreign reserves. The upgrade is expected to support investor confidence and strengthen Pakistan’s access to international financial markets. According to S&P Global, the rating improvement reflects sustained implementation of reforms under the […]
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Putin accuses foreign forces of targeting energy sector
Russian President Vladimir Putin has accused foreign forces of attempting to destabilise the country’s energy sector and key economic areas. He said Russia’s economy remains stable despite external pressure. Speaking at an economic affairs meeting, Putin said the overall condition of Russia’s key economic sectors continues to remain steady. He highlighted the energy sector as […]
Lavrov to meet Rubio at ASEAN forum
Russian Foreign Minister Sergei Lavrov said he will meet US Secretary of State Marco Rubio in Manila on Thursday. The talks will focus on the Ukraine war and Middle East conflicts. The meeting comes amid strained relations between Moscow and Washington. Lavrov said the meeting would take place on the sidelines of the ASEAN foreign […]
India hydropower tunnel collapse kills 20 workers
The death toll from a tunnel collapse at an under-construction hydropower project in India’s Sikkim state has risen to 20, authorities said. Rescue teams recovered additional bodies from the site, increasing casualties among trapped workers. The tunnel collapsed on July 20 during construction work for a government hydropower project on the Teesta River. Officials said […]
IRGC claims strikes on US bases in Jordan
Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed it targeted two air bases in Jordan used by US forces. The group said missile and drone strikes caused casualties among American troops. The claims came amid rising regional tensions between Iran and the United States. According to Iran’s state-run IRNA news agency, the operation targeted Prince Hassan […]
Lebanon sets conditions for Hezbollah disarmament
Lebanese President Joseph Aoun has outlined three conditions for the possible disarmament of Hezbollah, including Israeli withdrawal from southern Lebanon. He said the process requires army control and state-led reconstruction. The remarks came during his visit to Washington. According to the Lebanese presidency, Aoun said Hezbollah disarmament depends on ending Israel’s presence in Lebanese territory. […]
Pakistan seeks $10bn US exchange facility
Pakistan has requested a $10 billion Exchange Stabilization Support Facility from the United States, according to a Reuters report. The proposed facility aims to strengthen foreign exchange reserves and support economic stability. The request comes amid regional uncertainties affecting Pakistan’s economy. Finance Minister Muhammad Aurangzeb discussed economic cooperation with US Treasury Secretary Scott Bessent during […]
K-P rain death toll rises to 20, more rain forecast
At least 20 people have died and 19 others were injured in rain-related incidents across Khyber Pakhtunkhwa since July 19, the Provincial Disaster Management Authority (PDMA) said on Wednesday. Heavy rains and flash floods triggered roof collapses and swept away residents. Authorities warned more rainfall is expected through July 23. According to the PDMA, the […]
Algeria evacuates residents as wildfires spread
Algerian authorities evacuated residents and transferred hospital patients as wildfires spread through Annaba province on Tuesday. The fires intensified due to extreme heat and strong winds. Emergency services continue efforts to protect affected communities and contain the blazes. According to the General Directorate of Civil Protection, the fires spread rapidly in the town of Seraidi. […]
India releases water into Chenab River after rains
Pakistan has issued a flood alert after India released a large volume of water into the Chenab River following heavy rains in occupied Kashmir. Authorities warned that rising water levels could affect nearby areas. According to Punjab’s Irrigation Department, India opened all gates of the Salal Dam after intense rainfall in the region. The released […]