Pakistan's reliance on foreign loans surged to $26.7 billion in the last fiscal year, with a significant portion used for debt rollovers rather than project financing. The nation heavily depends on borrowing from multilateral institutions and countries like Saudi Arabia and China to maintain reserves.
Related news
Former US President Donald Trump initially considered breaking up AI chip giant Nvidia to foster competition, but abandoned the plan after advisors highlighted the immense difficulty. Trump learned about Nvidia's dominance and CEO Jensen Huang's achievements, leading to a change in stance. Subsequently, the Trump administration permitted Nvidia to resume selling H20 AI chips to China, reversing earlier restrictions.
The Enforcement Directorate (ED) has summoned actors Vijay Deverakonda, Rana Daggubati, Prakash Raj, and Manchu Lakshmi as part of an investigation into the promotion of illegal online betting platforms.
India and the UK are signing a trade agreement. This deal will remove tariffs and make trade easier. Maharashtra will export more engineering goods and medicines. Gujarat will see growth in pharma and seafood exports. Tamil Nadu's textile and leather industries will benefit. Other states like Andhra Pradesh and Punjab will also experience export growth.
Shah Rukh Khan has reportedly sustained a muscular injury while filming an intense action sequence for his upcoming movie 'King' in Mumbai. Advised to rest for a month, the actor has flown to the United States for treatment, leading to the postponement of the film's shooting schedule from July-August to September-October.
Hyderabad's drug treatment clinic witnessed a staggering 1300% surge in patient footfall over five years, reaching 9,832 cases by January 2025, the highest spike in India. Primarily treating alcohol, adulterated toddy, and cannabis addictions, the Institute of Mental Health clinic now sees about 30 patients daily.
A 14-year-old girl in Bulandshahr's Khurja area tragically died by suicide after being gang-raped by three minors. The assault occurred on June 28, leading to an FIR being filed under relevant laws. Overwhelmed by trauma and mental stress following the incident, the girl was found dead at her home, prompting a police investigation.
Despite warnings of potential US sanctions, an Indian firm exported $1.4 million worth of HMX, a military-grade explosive, to Russia in December. India maintains its historical military and economic partnerships with Moscow whilst strengthening its alliance with the United States.
Demis Hassabis, Google DeepMind's CEO, is being viewed by some within Google as a possible successor to Sundar Pichai. Similar to Pichai's rise, Hassabis' increasing influence, especially in AI, fuels this speculation. While some believe his passion for research might deter him, his leadership of Google's AI initiatives positions him as a strong candidate.
Rishabh Pant displayed remarkable resilience during the fourth Test against England, battling a toe injury to score a courageous fifty. His innings, filled with boundaries and sixes, not only matched a significant record but also surpassed MS Dhoni in 50+ scores for Indian wicketkeepers.
Law Minister Arjun Ram Meghwal informed the Rajya Sabha that High Court collegiums have not recommended candidates for 193 out of 371 vacant judge positions, representing over 52% of the total vacancies. This revelation came in response to Mallikarjun Kharge's inquiry regarding pending Supreme Court collegium recommendations for High Court judge appointments. The query was prompted by recent Supreme Court observations on the government's need to expedite clearances.