World
IMF board releases over $1.1 billion in Pakistan bailout funds
The International Monetary Fund (IMF) board approved the seventh and eighth reviews of Pakistan’s bailout programme, allowing for a release of over $1.1 billion to the cash-strapped economy, the fund and the government said on Monday.
The IMF agreed to extend the programme by a year and increase the total funding by about $940 million as per the current exchange, Reuters reported.
The funds will be a lifeline to the South Asian country suffering from devastating floods which have inflicted damage of at least $10 billion according to the country’s planning minister.
In a statement, IMF Deputy Managing Director Antoinette Sayeh said adhering to scheduled increases in fuel levies and energy tariffs is “essential” as Pakistan’s economy “has been buffeted by adverse external conditions.”
These include “spillovers from the war in Ukraine, and domestic challenges, including from accommodative policies that resulted in uneven and unbalanced growth,” he noted.
The floods were not mentioned in the fund’s statement.
Pakistan’s foreign exchange reserves have fallen to levels that cover only a month of exports and its economy is wrangled with a massive current account deficit and high inflation.
The Extended Fund Facility (EFF) programme was initially for 36 months and worth $6 billion at the time of its approval in 2019. It had stalled since earlier this year as Islamabad struggled to meet targets set by the lender, Reuters reported.
The IMF board also approved Pakistan’s request for waivers related to the country’s failure to meet some of the programme’s criteria.
Ismail also said government efforts to get the programme back on track via painful corrective economic measures had saved Pakistan from default.
The go-ahead from the IMF board will open other multilateral and bilateral avenues of funding for Pakistan, which were awaiting a clean bill of health from the lender.
World
Trump releases government UFO files, more expected
At the order of U.S. President Donald Trump, the Defense Department on Friday released dozens of previously classified files on alleged UFO sightings to provide what it called “unprecedented transparency” to the American people, though analysts said many of the documents had already been made public.
The disclosure of documents, photos and videos of “unidentified anomalous phenomena” will be followed by future releases as more materials are declassified, the Defense Department said in a statement, Reuters reported.
Trump was the latest president to release U.S. government reports on UFOs, a disclosure process that began in the late 1970s. Experts said the batch of around 160 files released on Friday contained new videos of known sightings but gave no conclusive evidence of alien technology or extraterrestrial life.
The files include a 1947 report of “flying discs” as well as grainy photos of “unidentified phenomena” taken from the moon’s surface by the 1969 Apollo 12 lunar mission and a transcript of the Apollo 17 crew describing unidentified objects seen from the moon in 1972.
‘BRIGHT PARTICLES’ DURING APOLLO 17
Apollo 17 mission pilot Ronald Evans reported “a few very bright particles or fragments or something that go drifting by as we maneuver,” based on the transcript.
“Roger. Understand,” mission control replied.
“These files, hidden behind classifications, have long fueled justified speculation – and it’s time the American people see it for themselves,” Hegseth said in a statement.
The records release is likely to fuel fresh debate over government secrecy and the possible existence of life in the cosmos.
“Whereas previous Administrations have failed to be transparent on this subject, with these new Documents and Videos, the people can decide for themselves, “WHAT THE HELL IS GOING ON?” Trump said in a statement. “Have fun and enjoy!”
The move was welcomed by U.S. Representatives Tim Burchett and Anna Paulina Luna, both proponents of declassifying UFO files. Luna said an additional tranche of material was expected in about 30 days.
“The files show that UAP are not simply a matter of speculation or public curiosity,” Harvard University astrophysicist Avi Loeb said in an email to Reuters. “The government has collected records.”
The images from Apollo 12 and 17 were fascinating but could be the result of asteroid impacts on the lunar surface, Loeb said.
DISTRACTION FROM POLITICAL PROBLEMS?
Some critics cast the UFO disclosures as a distraction from Trump’s political woes, including the unpopular U.S. military campaign against Iran and public pressure to release further files tied to convicted sex offender Jeffrey Epstein.
“I really don’t care about the UFO files. I just don’t. I’m so sick of the ‘look at the shiny object’ propaganda,” former Republican U.S. Representative Marjorie Taylor Greene wrote on X.
UAP investigator Mick West said the administration of former President Joe Biden disclosed much of the same information as Friday’s release.
“They’re evidence of us not being able to identify a small white dot that’s a long distance away,” the Sacramento, California-based analyst said of the new UAP videos and images.
Independent journalist Leslie Kean said the release showed there was still a lot of government information on UAP that should be disclosed. Kean co-authored a 2017 New York Times story on a secret Pentagon UAP program, which prompted Congress to push for declassification of UFO documents.
“I think we’ve already proven the existence of UAP, but that doesn’t mean we’ve proven they’re alien or extraterrestrial or that we know what they are,” said Kean.
World
Trump says United States will get uranium from Iran
One of Trump’s central objectives in launching military strikes against Iran was to ensure Tehran does not develop a nuclear weapon.
President Donald Trump said on Wednesday the United States would get enriched uranium from Iran, as the two countries struggle to reach an agreement on ending the Gulf war, Reuters reported.
“We’re going to get it,” Trump told a reporter as he left a White House event.
One of Trump’s central objectives in launching military strikes against Iran was to ensure Tehran does not develop a nuclear weapon. Iran has yet to hand over more than 900 pounds (408 kg) of highly enriched uranium.
World
Trump says Iran “should wave the white flag of surrender”
When asked what Iran would need to do to violate the ceasefire, Trump said: “Well, you’ll find out, because I’ll let you know … They know what not to do.”
President Donald Trump on Tuesday dismissed Iran’s military capability and said Tehran “should wave the white flag of surrender” but is too proud to do so, Reuters reported.
Trump told reporters in the Oval Office that Iran’s military has been reduced to firing “peashooters” and that Tehran privately wants to make a deal despite its public sabre-rattling.
“They play games, but let me just tell you, they want to make a deal. And who wouldn’t, when your military is totally gone?” he said.
Trump heaped praise on the U.S. blockade of Iranian ports in the region. “It’s like a piece of steel. Nobody’s going to challenge the blockade. And I think it’s working out very well,” he said, read the report.
When asked what Iran would need to do to violate the ceasefire, Trump said: “Well, you’ll find out, because I’ll let you know … They know what not to do.”
Trump said Iran “should save the white flag of surrender.”
“If this were a fight, they’d stop it,” said Trump.
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