04 Jul, 2024

Pakistan Postpones Refinery Upgrade Agreement by 6 Months Amid Private Sector Disagreements

Pakistan has postponed the signing of the Implementation Agreement (IA) with local crude oil refineries for a further six months, citing disagreements with private refiners as a significant hurdle. The delay, primarily attributed to the country’s largest refinery, Pak-Arab Refinery Company (Parco), has exacerbated the situation. The decision to extend the signing deadline reflects ongoing […]

Moody’s Issues “Negative” Outlook for China’s Credit Rating Due to Escalating Debt Worries

Moody’s, the ratings agency, downgraded China’s credit rating outlook from “stable” to “negative” on Tuesday, citing escalating debt in the world’s second-largest economy. Beijing expressed its disappointment with the decision. According to the U.S. agency’s note, the downgrade is a response to mounting indications that the government and broader public sector will extend financial support […]

Mouse Embryos in Space: A Groundbreaking Study

In a groundbreaking study, Japanese scientists have successfully grown mouse embryos aboard the International Space Station, showcasing potential breakthroughs in human reproduction in space. Utilizing a specialized device, astronauts thawed and cultivated the embryos over a four-day period, marking a significant advancement in extraterrestrial reproductive science. Operating within specific intervals, the astronauts meticulously monitored the […]

Amnesty International Urges Pakistan to Halt Mass Afghan Refugee Deportations

Amnesty International is calling on the Government of Pakistan to immediately cease the ongoing detentions, deportations, and widespread harassment of Afghan refugees. The human rights organization expressed concern that thousands of Afghan refugees are being used as political pawns, facing potential return to Taliban-controlled Afghanistan where they may be at risk amidst a severe crackdown […]

Pakistan’s Energy Sector Battles $17.5B Circular Debt Crisis, Endangers Economy

This Debt is Three Times Higher Than Pakistan’s Defense Budget And is Increasing. Islamabad Considers Private Management of State-Owned Power Companies for Up to 25 Years Pakistan’s energy sector faces an imposing challenge as its circular debt has ballooned to a staggering figure, nearing US$17.5 billion. This sum is nearly double the combined budget allocations […]

Russia calls the West “An Empire of Lies.”

Russian Foreign Minister Lavrov At UN Dismisses Ukraine’s Peace Talks, Warns of Conflict, and Rejects Grain Deal Russian Foreign Minister Sergey Lavrov, in his UN address, criticizes Western nations and specific Ukrainian peace proposals amid the Russia-Ukraine war tensions. He dismissed Ukraine’s 10-point peace plan as “completely not feasible,” and suggested that if Ukraine and […]