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Pakistan seeks $10 billion in US backstop facility to boost reserves, source says

[ Loan request follows Pakistan’s Iran war diplomacy, aims to boost reserves, ease rupee pressure Pakistan has asked the United States for a $10 billion exchange stabilization facility, according to a source briefed on the matter, which, if approved, could provide a lifeline for the cash-strapped South Asian economy. The request, which is being reported … Read more

Garcia to leave Belgium job

Rudi Garcia was appointed Belgium head coach in January 2025. Photo: AFP/FILE LONDON: Rudi Garcia has left his role as Belgium coach after his side were knocked out of the World Cup quarter-finals, the Belgian football federation (RBFA) said on Monday.  Garcia, 62, took over the Red Devils in January 2025 before guiding them to … Read more

KUFPEC eyes cooperation in petroleum sector

. ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik met Kuwait Foreign Petroleum Exploration Company (KUFPEC) Vice President Tareq Ebrahim to discuss expanding cooperation in Pakistan’s petroleum sector, according to an official statement issued on Tuesday. Malik described Kuwait as one of Pakistan’s closest friends and reaffirmed the government’s commitment to strengthening the more than … Read more

Burnham targets lower energy bills in first move as UK prime minister

He appointed allies who helped him rise and removed senior figures loyal to former leader, including Reeves. British Prime Minister Andy Burnham holds his first Cabinet meeting, in London, Britain, July 21, 2026. PHOTO: REUTERS British Prime Minister Andy Burnham said on Tuesday he would cut taxes on electricity bills, the first of several early moves to … Read more