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IMF warns global debt could hit 123% of GDP by decade’s end, nearing WWII levels

[ Warns of possible “disorderly” market correction that could trigger fiscal-financial “doom loop” Global public debt is projected to rise above 100% of gross domestic product (GDP) by 2029, reaching its highest level since 1948 and continuing to climb, the IMF said on Wednesday, urging countries to build up buffers to guard against economic risks, … Read more

Emergency declared in Chaman hospitals

. QUETTA: Following the recent unprovoked attack by Afghan Taliban on Pakistani border posts, local authorities in Chaman have declared an emergency in all government hospitals and established temporary shelters for residents. According to an official notification issued by the District Education Officer, Government High School Purana Chaman and Government High School Millatabad have been … Read more

Makkah to get 900,000 new prayer spaces as MBS launches ‘King Salman Gate’

Saudi Arabia’s Crown Prince Mohammed bin Salman on Wednesday launched a development next to Mecca’s Grand Mosque that will add around 900,000 indoor and outdoor praying spaces, the firm tasked with delivering the project said. The 12-million-square-meter (4.6-square-mile) mixed-use project, called “King Salman Gate,” will improve access to the Grand Mosque, the RUA AlHaram AlMakki … Read more