Monsoon rains wreak havoc across Pakistan, leaving eight dead and 13 injured

ISLAMABAD: At least eight people were killed and 13 others injured on Sunday in a series of rain-related incidents across Karachi, Punjab, and Gilgit-Baltistan, as relentless monsoon rains pounded parts of the country, triggering flash floods, collapsing structures, and deadly electrocutions, authorities said.

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China rolls over $3.4 billion in loans to Pakistan, boosting reserves to meet IMF target

ISLAMABAD: China has extended a critical financial lifeline to Pakistan by rolling over $3.4 billion in loans, a move that, alongside other recent inflows, is poised to lift the South Asian nation’s foreign exchange reserves above the $14 billion threshold mandated by the International Monetary Fund, a finance ministry source said on Sunday.

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