Pakistan receives $705 million IMF tranche, $2 billion UAE rollover

By Staff Reporter

KARACHI: Pakistan received a $705.6 million tranche from the International Monetary Fund (IMF) and a $2 billion rollover of deposits from the United Arab Emirates (UAE) on Wednesday, boosting its foreign exchange reserves that have been under pressure due to debt repayments and low inflows.

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Pakistan recalls ambassador, suspends visits after Iran’s airstrikes

By Staff Reporter

ISLAMABAD: Pakistan recalled its ambassador to Iran and suspended all high-level visits between the two neighbours on Wednesday, escalating a diplomatic crisis over a cross-border airstrike by Tehran that killed two children and wounded several others in a remote area of the restive southwestern Baluchistan province.

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