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In the 1980s, Pakistan agreed to pay $658 million for 28 F-16 fighter jets from the United States; however, the US congress froze the deal, citing objections to Pakistan's nuclear ambitions. Under the terms of the American cancellation, the US kept both the money and the planes, leading to angry claims of theft by Pakistanis.
ISLAMABAD (Reuters) -Two major Pakistan political parties said on Tuesday that they had reached a formal agreement to form a coalition government, ending ten days of intense negotiations after an ...
Pakistan joined IMF on 11 July 1950 as newly established country was facing fiscal problems since its creation in 1947 from British India. In 1958, for the first time, Pakistan went to IMF for bailout. For this, IMF lent out US$25,000 (equivalent to $264,014 in 2023) [originally the loan-amount is given in SDR; [4] for this article it is ...
Pakistan bonds recovered after three straight day of falls. The December 2027 bond was the biggest gainer, rising 2.58 cents, closely followed by the April 2031 bond which rose 2.54 cents.
High Commission of India, Islamabad. India–Pakistan relations are the bilateral ties between the Republic of India and the Islamic Republic of Pakistan. The two countries have a complex and largely hostile relationship that is rooted in a multitude of historical and political events, most notably the partition of British India in August 1947.
August 28, 2024 at 3:33 AM. ISLAMABAD (AP) — Traders in Pakistan went on strike Wednesday, shutting down their businesses in all major cities and urban areas to protest a rise in electricity ...
The Gwadar Purchase (Urdu: گوادر کا حصول, lit. 'Acquisition of Gwadar') was the acquisition of the territory of Gwadar by Pakistan from the Sultanate of Oman in 1958. Pakistan was able to acquire 15,210 square kilometres (5,870 sq mi) of land on the coast of Balochistan for around 5.5 billion Pakistani rupee (or 2 billion US dollars ...
A deal was signed by the two countries' governments in December 2015 in which Qatar agreed to supply Pakistan with $16 billion of LNG over a lengthy period. [3] Despite the ongoing economic and diplomatic embargo imposed on Qatar, its trade relations with Pakistan remained unaffected. In 2018, trade between the two countries flourished and grew ...
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