Pakistan ‘to agree’ to tough IMF conditions as crisis worsens

BOWING TO PRESSURE Years of financial mismanagement and political instability have damaged Pakistan’s economy, worsened by a global energy crisis and devastating floods that submerged a third of the country. With the prospect of national bankruptcy looming, Islamabad in recent weeks began to bow to pressure prompting the IMF’s last-minuteContinue Reading

US, Philippines to restart joint patrols in South China Sea

The new administration of Ferdinand Marcos has been keen to reverse that. Beijing’s growing assertiveness on Taiwan and its building of bases in the disputed South China Sea have given fresh impetus to Washington and Manila to strengthen their partnership. Given the Philippines’ proximity to Taiwan and its surrounding waters,Continue Reading