Connect with us

Uncategorized

Pakistan’s bonds dive as IMF talks end without deal

Published

on

Pakistan's bonds dive as IMF talks end without deal

Pakistan’s government bonds slumped on Friday after the country’s bailout talks with the International Monetary Fund ended without an agreement.

IMF stresses on ‘timely, decisive’ implementation of policies as virtual discussions to continue

The country’s bond due for repayment the soonest, in April 2024, tumbled 4.6 cents on the dollar or roughly 9%. Other bonds with longer repayment dates fell between 2 and 3 cents to leave them at less than half their face value.

An IMF staff mission visited Islamabad from January 31 until February 9 to discuss the ninth review of a $7 billion loan programme.

Govt to impose Rs170bn in additional taxes, MEFP shared with Pakistan: Dar

Advertisement

The Washington-based lender has asked for more time for negotiations with Pakistan over a deal that would unlock $1.1 billion in much-needed funds for the country, Secretary of Finance Hamed Sheikh said Thursday. 

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Uncategorized

To rival SpaceX’s Starship, ULA eyes Vulcan rocket upgrade

Published

on

By

To rival SpaceX's Starship, ULA eyes Vulcan rocket upgrade

Boeing and Lockheed Martin’s joint rocket venture, United Launch Alliance (ULA), plans to upgrade a version of its Vulcan rocket to challenge SpaceX’s Starship in the low Earth orbit satellite launch market, the company’s CEO said.

ULA wants to develop a Vulcan model tailored to the increasingly lucrative low Earth orbit (LEO) market, mainly due to SpaceX launching thousands of satellites there for its Starlink Internet service.

“We have recently completed a big trade study for what we want to have to be competitive in a future LEO market,” ULA’s CEO Tory Bruno told Reuters on Thursday on the sidelines of a military space conference in Orlando.

“And we’ve selected a modification to Vulcan which gives us significantly more mass to LEO and puts us in a competitive range.”

ULA’s Vulcan rocket, powered by engines from Jeff Bezos’ Blue Origin, made its first two launches this year and is designed primarily to meet the demands of Pentagon missions into various orbits.

Among the options ULA drew up for an LEO-optimized version, Bruno said, were a “Vulcan Heavy,” or three Vulcan core boosters strapped together. He also said there were “other Vulcan configurations that are pretty unique, that have propulsion in unusual places”.

Though SpaceX’s Starship is primarily designed for crewed missions to the moon and Mars, the company plans to use it to accelerate its deployment of huge batches of Starlink satellites into low Earth orbit.

That has put pressure on SpaceX’s rivals to match Starship’s capabilities as other firms like Amazon scramble to build competing satellite networks, driving demand for big launchers.

ULA expects to finish development of the variant by the time he believes Musk’s Starship – a gigantic rocket that is eventually meant to go to Mars – begins offering LEO satellite launches, Bruno said, which he suggests could be several years from now.

“We’re not going to be facing him in that particular marketplace for a while,” Bruno predicted.

Musk has said he wants to roughly double the power of Starship and refine the rocket’s ability to quickly return to land in giant mechanical arms, indicating SpaceX is anywhere between several months to over a year from flying LEO Starlink satellites.

ULA has several Vulcan missions booked with Amazon to deploy its Kuiper internet satellites into space, making the rocket an important part of Amazon’s strategy to challenge Starlink. Amazon has also booked launches with other rockets as part of a record 2022 multi-launch agreement.

SpaceX has launched six Starship test flights to space from its Starbase rocket campus in south Texas, displaying its dramatic test-to-failure ethos involving successive upgrades and incremental testing milestones before locking in a commercial-grade design. Other companies, including ULA, will not launch a new rocket until its design is finalized.

ULA is aiming to fly eight Vulcan missions next year and 12 missions with Atlas V, Vulcan’s retiring predecessor.

Vulcan starts at a launch price of roughly $110 million – slightly over the base price of a SpaceX Falcon 9 – and has a book order of roughly 70 missions including its Amazon missions, adding urgency to get the rocket flying routinely.

ULA, formed in a 2006 merger of Boeing and Lockheed’s space launch programs, has been up for sale for over a year, drawing interest from Sierra Nevada Corp’s space unit Sierra Space and Bezos’ Blue Origin, Reuters has previously reported.

Bruno has declined to comment on acquisition talks.

Continue Reading

Uncategorized

The most read pages on Wikipedia in year 2024

Published

on

By

The most read pages on Wikipedia in year 2024

Wikipedia has issued the list of the most read and visited pages on its website.

According to an online free encyclopaedia website, its various pages were visited and read 76 billion times in the year 2024.

Currently, the world population stands at 8 billion and around 4 billion people have access to internet and

This list includes the 10 most read and visited pages on Wikipedia.

Deaths in 2024

Kamala Harris,

US Presidential Elections,

Accused Brother Lyle and Erik Menendez

Donald Trump

Indian Premier League

Elected Vice-President JD Vance

Hollywood Film Deadpool & Wolverine

Project 2025

Indian Elections

Continue Reading

pakistan

Kurram tragedy: Whoever takes up arms will be termed as terrorist, asserts KP CM

Published

on

By

Khyber Pakhtunkhwa (KP) Chief Minister Ali Amin Gandapur said whoever takes up arms will be termed a terrorist. Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur visited Kohat and attended the Grand Jirga on the issue of Kurram. The CM, on this occasion, directed the law enforcement agencies to treat anyone who disturbs peace like a terrorist. The political differences between the federal and provincial governments should be put aside, the federation should provide FC platoons for peace in the area. He said that the Grand Jirga should remain in the area until complete peace is established. The provincial government will provide all possible support, the CM held.

Khyber Pakhtunkhwa (KP) Chief Minister Ali Amin Gandapur said whoever takes up arms will be termed a terrorist.

Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur visited Kohat and attended the Grand Jirga on the issue of Kurram.

The CM, on this occasion, directed the law enforcement agencies to treat anyone who disturbs peace like a terrorist.

The political differences between the federal and provincial governments should be put aside, the federation should provide FC platoons for peace in the area. He said that the Grand Jirga should remain in the area until complete peace is established. The provincial government will provide all possible support, the CM held.

Continue Reading

Trending

Copyright © GLOBAL TIMES PAKISTAN