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China “agrees” to transfer $2 billion in debt to Pakistan.

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ISLAMABAD China has “agreed” to roll over a $2 billion loan to Pakistan, according to sources cited by ARY News, which is a big milestone.

Sources inside the ministry of finance claim that the $2 billion loan will be rolled over under the current terms prior to its maturity date.

Less than 2 percent interest will be charged on the $2 billion in Chinese debt that is being deposited, according to sources.

According to reports, the $2 billion debt’s maturity period will conclude on March 23, 2024, and an additional $2 billion will be rolled over for a year.

It is important to note that as of the end of November in FY2023–24, Pakistan’s overall debt load was at an astounding Rs 63,399 trillion.

Over Rs12.430 trillion more was borrowed by the nation during the PDM and caretaker government’s mandate.

With domestic loans totaling Rs40.956 trillion and foreign loans totaling Rs22.434 trillion, Pakistan’s total debt load increased to Rs63.390 trillion.

China postponed paying Pakistan’s $2 billion debt for two years, starting in July 2023. Regarding the delay in debt recovery, Pakistan received an official letter from China Eximbank.

Pakistan will return the debt in accordance with the terms of the deal with China and was also spared from paying extra interest on the loan. According to further sources, all 31 loan agreements were extended over the original date of July 21, 2023, to June 30, 2025.

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Saad Rafiq: Ali Amin Gandapur’s threat to storm Islamabad is a major issue.

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Ali Amin Gandapur, the chief minister of Khyber Pakhtunkhwa, has threatened to storm Islamabad, according to Khawaja Saad Rafique, a former minister and leader of the Pakistan Muslim League-Nawaz (PML-N). This is a very serious situation.

Pakistan Tehreek-e-Insaf’s Khyber Pakhtunkhwa administration has reportedly launched attacks on the federal capital in the past in an attempt to seize Islamabad, according to Saad Rafiq on the social media platform X (previously Twitter).

“However, PTI got nothing and it resulted in creating chaos, hatred and economic destruction,” he continued.

He added, “If the anarchists attack Islamabad to occupy it this time too, it will become impossible for them to return as rulers.”

According to the leader of the PML-N, fascist behavior will no longer be accepted, and the dirty politics of violence, fire, and ransacking will no longer be effective.

The PTI, he said, has to act rationally and refrain from inciting another May 9.

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IHC will consider a case today challenging the election of the Senate chairman and deputy

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Today is the scheduled hearing for the suit seeking action against the chairman and deputy chairman of the Senate election violations before the Islamabad High Court (IHC).

The case against the violation of the custodians of the Senate election will be heard by Justice Aamer Farooq of IHC.

The April 9th Senate election, which was held in violation of Article 60 of the Constitution, was highlighted in the petition.

According to the plea, it was alarming that the poll Commission had decided to postpone the Senate poll till after the Khyber Pakhtunkhwa Assembly.

On the grounds of constitutional violations, a petition was filed to declare the April 9 Senate election, which included the chairman and deputy chairman, illegal.

Relevantly, Ishba Kamran, a resident of Sargodha, has also filed a motion in court to initiate Article 6 proceedings.

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The first Air Ambulance Service training session in Pakistan begins.

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The first training session for the Air Ambulance Service of Pakistan has commenced.

A unique meeting was conducted to assess the service’s advancement, overseen by Punjab Chief Minister Maryam Nawaz.

Aside from the Punjab chief secretary, secretary of finance, and director general of rescue services, other officials in attendance included provincial information minister Azma Bukhari.

The announcement that the first Air Ambulance Service training session had begun was made at the briefing.

CM Maryam Nawaz announced her resolve to grow the service’s operations while highlighting the initiative’s importance.

Her commitment to utilizing all provincial resources for the welfare and improvement of the public was reaffirmed as she emphasized its vital role in responding to crises and accidents in remote places.

The air ambulance service will be deployed in emergency situations and made available to other provinces as needed, she said, emphasizing the importance of protecting human life.

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