India set aside 1.62 trillion rupees ($19.87 billion) for procurement of new weapons and platforms to be sourced mainly through domestic defense contractors in fiscal year 2023-24.
The country’s annual budget, released Feb. 1 ,envisages a total outlay INR 45.03 trillion. Of this, defense is allocated at INR 5.93 trillion, or about 13% of the total. This includes INR 1.38 trillion for defense pensions.
More than 24 people have been killed and about 150 others wounded in an explosion targeting police at a mosque in the northwestern Pakistani city of Peshawar, according to officials.
Muhammed Asim, Lady Reading Hospital spokesperson in Peshawar, told Al Jazeera at least 32 people were killed on Monday and more than 70 injured people were brought in for treatment. A Peshawar police official told Al Jazeera about 150 people were injured in total.
Pakistan has sought support from Washington to unlock a stalled International Monetary Fund programme that would release $1.1 billion to its strained economy as the country rebuilds after last year's devastating floods, Dawn newspaper said on Thursday.
The IMF and Pakistan signed a $6 billion bailout in 2019, that was topped up with another $1.1 billion last year, but that came with conditions attached, aimed at reducing the budget deficit before the loan is released.
The long-awaited winter energy crisis has finally hit…but it wasn’t in Europe after all. On Monday, almost the entirety of Pakistan was left without power when a misguided energy saving strategy by the government backfired. Runaway inflation, a severely weakened currency, and rapidly emptying foreign exchange reserves have left Pakistan on the brink of economic collapse.
On the afternoon of January 10, Van Bawi Mang, a member of an armed resistance group fighting against the Myanmar military, was resting in his barracks at a camp on the country’s northwestern border with India when a loud explosion jolted him back to the reality of war.
He scrambled into a nearby ditch as jet fighters flew overhead, glass shattering with the reverberation of the falling bombs.
Pakistan has suffered a nationwide power outage due to a technical fault that left large swaths of the country, including the capital Islamabad, without electricity.
In a statement on Twitter, the energy ministry said the system frequency of the national grid went down at 7:34am (02:34 GMT) on Monday morning.
A massive power breakdown across Pakistan continued after night fell on Monday, affecting most of the country's 220 million residents, including in the mega cities of Karachi and Lahore.
Pakistan's national power system is a complex and delicate web where problems can quickly cascade.
The breakdown was caused by a fault in the national grid at around 7:30 am (0230 GMT), plunging much of the country into darkness.
"We hope that the electricity will be restored throughout the country by tonight," Energy Minister Khurram Dastagir Khan said in a video statement.
With Russia and Pakistan holding talks this week on strengthening bilateral trade and energy cooperation, RT talked to the Pakistani minister of petroleum, Musadik Malik, about Russian oil supply in the face of Western sanctions.
Pakistan currently imports about 70 million barrels of crude oil and its demand will be rising as the country’s population grows, according to the minister. “So, if we can have Russian crude flowing through our system, it would be very helpful,” he said.
The world’s third-biggest crude importer purchased an average of 1.2 million barrels a day from Russia in December
