Author: Osama Tabasam

IMF and Pakistan reach an agreement to revive stalled $6 billion funding program

In a statement on Monday, the IMF confirmed that it has reached an agreement with Pakistan, which will help revive the country’s stalled US$6 billion financing program. This agreement will support Pakistan’s plan to progress economically. The IMF announced in a statement that the Pakistani authorities and IMF staff reached an agreement on policies and reforms needed for the sixth review.

Saudi Arabia plans world’s largest floating industrial complex

The kingdom of Saudi Arabia has announced the opening of OXAGON. The largest floating industrial complex and the first fully integrated port and supply chain environment in the world. It is located in NEOM, a $500 billion megacity planned for northwestern Saudi Arabia. Due to the Suez Canal’s proximity, it offers excellent maritime, road, air, and high-speed rail connections. 

Navjot Singh Sidhu calls for opening trade, ‘new friendship chapter’ between India, Pakistan

Navjot Singh Sidhu, the chairman of the Punjab Congress, visited the Gurdwara Darbar Sahib in Pakistan on Saturday. The leaders prayed and emphasized the “opening of a new friendship chapter” between the two countries and trade. Kartarpur corridor links Guru Nanak Dev’s final resting place, Gurdwara Darbar Sahib, in Pakistan. Former cricketer and politician Navjot Singh Sidhu called the premier his older brother.