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Pakistan has secured a $6bn (£4.6bn) bailout from the International Monetary Fund (IMF) as the country battles to stave off an economic crisis.
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In a statement, the IMF said Pakistan faces a "challenging economic environment, with lacklustre growth, elevated inflation, high indebtedness, and a weak external position".
It said the funding programme would support the authorities' strategy for stronger growth by "improving the business environment, strengthening institutions, increasing transparency, and protecting social spending".
https://www.bbc.com/news/business-48250399
Islamic State (IS) claimed for the first time that it has established a “province” in India, after a clash between militants and security forces in the contested Kashmir region killed a militant with alleged ties to the group.
IS’s Amaq News Agency late on Friday announced the new province, that it called “Wilayah of Hind”, in a statement that also claimed IS inflicted casualties on Indian army soldiers in the town of Amshipora in the Shopian district of Kashmir.
The IS statement corresponds with an Indian police statement on Friday that a militant called Ishfaq Ahmad Sofi was killed in an encounter in Shopian.
IS’s statement establishing the new province appears to be designed to bolster its standing after the group was driven from its self-styled “caliphate” in Iraq and Syria in April, where at one point it controlled thousands of miles of territory.
IS has stepped up hit-and-run raids and suicide attacks, including taking responsibility for the Easter Sunday bombing in Sri Lanka that killed at least 253 people.
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Separatists have for decades fought an armed conflict against Indian rule in Muslim-majority Kashmir. The majority of these groups want independence for Kashmir or to join India’s arch-rival Pakistan. They have not, like Islamic State, sought to establish an empire across the Muslim world.
Nuclear powers India and Pakistan have fought two wars over Kashmir, and came to the brink of a third earlier this year after a suicide attack by a Pakistan-based militant group killed at least 40 paramilitary police in the Indian-controlled portion of the region.
https://www.reuters.com/article/us-india-kashmir-islamic-state/islamic-state-claims-province-in-india-for-first-time-after-clash-in-kashmir-idUSKCN1SH08J