In a boost to Pak's foreign reserves, China rolls over $3.4 billion in commercial loans
The loans, especially the Chinese ones, are critical to shoring up Pakistan's low foreign reserves, which the IMF required to be over $14 billion at the end of the current fiscal year on June 30.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Buyer found for TikTok, identities to be revealed soon, says Donald Trump
US President Donald Trump said in a Fox News interview broadcast on Sunday that he had found a buyer for the TikTok short-video app, which he described as a group of "very wealthy people" whose identities he will reveal in about two weeks. Trump made the remarks in an interview on Fox News ' "Sunday Morning Futures with Maria Bartiromo" program. He said the deal he is developing would probably need China's approval to move forward and he predicted Chinese President Xi Jinping would likely approve it. The US president earlier this month had extended to September 17 a deadline for China-based ByteDance to divest the U.S. assets of TikTok despite a law that mandated a sale or shutdown without significant progress. A deal had been in the works this spring that would have spun off TikTok's U.S. operations into a new U.S.-based firm, majority-owned and operated by U.S. investors, but it was put on hold after China indicated it would not approve it following Trump's announcements of steep tariffs on Chinese goods. "We have a buyer for TikTok, by the way," Trump said. "I think I'll need probably China's approval. I think President Xi will probably do it." A 2024 U.S. law required TikTok to stop operating by January 19 unless ByteDance had completed divesting the app's U.S. assets or demonstrated significant progress toward a sale. Trump, who credits the app with boosting his support among young voters in last November's presidential election, has extended the deadline three times.
Time of India
an hour ago
- Time of India
Contribute to stable borders: Chinese President Xi urges residents of Tibetan village bordering Arunachal Pradesh
Beijing: Chinese President Xi Jinping on Sunday called on the Tibetan residents of a village situated near the Indian border to contribute towards fostering prosperity and stability in the border areas. "Learning that the village has undergone new changes in recent years and villagers' incomes have increased, I feel happy for you," Xi replied to a letter received from residents of Nyingchi, a prefecture-level area located close to the Arunachal Pradesh border. China claims Arunachal Pradesh as part of South Tibet, which is firmly rejected by India. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo Xi visited Nyingchi in 2021, becoming the only Chinese president to have visited the border areas of Tibet. Xi, in his letter, voiced hope that Nyingchi residents will, under the guidance of the Communist Party's policies to develop border areas and improve people's lives, do an even better job in protecting the natural beauty of the plateau region, developing the village's tourist brand, and contributing to building a prosperous and stable border area. Live Events In recent years, China has built a number of villages along the Tibetan border areas to ensure border security and development. In his letter, Xi also urged the people in the Tibet Autonomous Region to uphold ethnic solidarity and create a happier and better life, the state-run Xinhua news agency reported. During his 2021 visit to Nyingchi, Xi visited the Nyang River Bridge to inspect the ecological preservation in the basin of the Brahmaputra River , which is called Yarlung Zangbo in the Tibetan language. Last year, China approved the construction of the world's largest dam, stated to be the planet's biggest infrastructure project, costing USD 137 billion, on the Brahmaputra river in Tibet, which has raised concerns in the riparian states of India and Bangladesh.
Mint
2 hours ago
- Mint
Trump Says He Doesn't Expect to Extend July 9 Tariff Deadline
President Donald Trump said he doesn't think he'll need to extend the July 9 trade deadline he has imposed on countries to secure deals with the US to avoid higher tariffs. 'I don't think I'll need to,' he said in an interview on Fox News's Sunday Morning Futures with Maria Bartiromo that was taped Friday. He then added, 'I could, no big deal.' The comments follow Trump's remarks on Friday that the administration could do 'whatever we want' with the deadline, including extending it or making it shorter. 'I'd like to make it shorter. I'd like to just send letters out to everybody, 'Congratulations, you're paying 25%,'' he told reporters Friday in a press briefing. Trump and his advisers earlier this year laid out ambitious plans for a negotiating period, and have said repeatedly they're in talks with dozens of trading partners on reducing trade deficits and eliminating barriers. On Friday, Treasury Secretary Scott Bessent cast doubt on the timeline, saying 'we have countries approaching us with very good deals' but they all might not be finished by the date when Trump's April 2 country-based tariffs are set to kick back in. 'If we can ink 10 or 12 of the important 18 — there are another important 20 relationships — then I think we could have trade wrapped up by Labor Day,' Bessent said on Fox Business. It's also unclear how comprehensive the trade deals the administration is hoping to secure will be. The pact with the UK that Trump has touted as comprehensive still leaves critical points unresolved, and the recently inked China accord leaves questions unanswered with regard to fentanyl trafficking and US exporters' access to Chinese markets. Trump has suggested India is one nation that could be close to finalizing a deal. A team of Indian trade officials held meetings with officials in Washington last week. This article was generated from an automated news agency feed without modifications to text.
