Pakistan armed forces have successfully shot down an Indian spy quadcopter on Line of Control (LOC). According to security sources, the Indian spy quadcopter was shot down along the Line of Control (LoC) in the Bhimber sector’s Manaawar area. The quadcopter was attempting espionage by violating Pakistani airspace. Security sources described the incident as evidence of the Pakistan Army’s vigilance, professionalism, and robust defensive preparedness. They emphasized that the military remains ready to respond swiftly to any aggression from the enemy. Tensions have escalated between India and Pakistan after Pahalgam attack in Indian Illegally Occupied Jammu and Kashmir (IIOJK), which claimed the lives of 26 people, mostly tourists. Earlier, UN Secretary-General Antonio Guterres expressed deep concern over the rising tensions between India and Pakistan, offering his support for initiatives aimed at promoting de-escalation and dialogue between the two countries. He reiterated his readiness to support any initiativ...
The International Monetary Fund’s (IMF) Executive Board meeting is scheduled for May 9, with Pakistan listed on the official agenda. During the meeting, the IMF board is expected to approve a disbursement of $1.1 billion for Pakistan under the ongoing financial program. According to IMF statement, first Review under the Extended Arrangement under the Extended Fund Facility, the request for modification of performance criteria, and the request for an arrangement under the Resilience and Sustainability Facility are scheduled to take place on May 9. Meanwhile, Pakistan has also secured $1.3 billion in climate financing from the International Monetary Fund. This was stated by IMF Director of Communications Julie Kozack while responding to a query of ARY News during a press conference. Last month, Pakistan and the International Monetary Fund reached a staff-level agreement on the first review under Pakistan’s 37-month $7bn Extended Fund Facility (EFF) and on a new 28-month $1.3bn arrangement under the Resilience a...