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Israel’s interception of Gaza flotilla draws global ire as Pakistan demands release of detained activists

  Pakistan and several other  countries  on Thursday condemned Israel’s “dastardly attack” on the  Global Sumud Flotilla  (GSF) after its forces intercepted the flotilla heading to break Israel’s siege of Gaza and deliver aid. Israeli forces  began intercepting  the flotilla’s latest bid to reach Gaza late last night, the fleet said. Israel has so far intercepted 39 boats with foreign activists on board to Gaza, leaving only one vessel still sailing towards the Palestinian enclave, the flotilla organisers said today. The 45-vessel flotilla, with activists and politicians including  Greta Thunberg  on board, left Spain last month to break Israel’s blockade of Gaza, where the United Nations has warned of famine. Former Pakistani senator  Mushtaq Ahmad Khan  was also on board. Hours after Tel Aviv’s move drew global condemnation, Israeli foreign ministry posted on X that all on board the flotilla were safe would be “deported to Europe”...
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China Rollovers $2.4 Billion Loan to Pakistan, Boosting Economic Resilience


 In a significant development to bolster Pakistan's economy, the Chinese Exim Bank has rolled over a $2.4 billion loan to Islamabad for a period of two years. The move comes as the country aims to strengthen its foreign reserves following a deal with the International Monetary Fund (IMF).

Finance Minister Ishaq Dar announced the positive news, highlighting that China has generously agreed to extend the repayment of the principal amounts totaling $2.4 billion, which were due in the next two fiscal years. During this period, Pakistan will only be required to make interest payments, providing a much-needed respite to the country's finances.

The rollover of the loan reflects the deepening economic cooperation between China and Pakistan, further cementing their long-standing financial partnership. It comes at a critical time for Pakistan, as it continues to navigate economic challenges and seeks to achieve sustainable growth and financial stability.

The recent deal with the IMF has paved the way for Pakistan to receive necessary support and guidance to strengthen its financial position and implement structural reforms. With the two-year waiver on principal repayments from China, Pakistan can focus on making interest payments, allowing the country to allocate resources to other vital areas of economic development.

This financial boost is expected to have a positive impact on Pakistan's overall economic resilience, enhancing its ability to address immediate financial obligations and invest in strategic initiatives that foster long-term economic progress.

The close cooperation between China and Pakistan remains a critical driver of economic empowerment and development in the region. The continued support from China underscores the strong bonds between the two nations, emphasizing their shared commitment to advancing economic growth and prosperity.

As Pakistan works diligently to build its foreign reserves and strengthen its economic foundations, the rollover of the Chinese loan stands as a testament to the mutual trust and collaboration between the two countries. It reinforces the importance of global financial cooperation and the significance of fostering strong economic partnerships in an interconnected world.

With China's continued support and the resolve of Pakistan's government to implement prudent economic policies, the nation is better positioned to navigate challenges and move towards a future of sustained economic revival and empowerment.

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