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IMF ‘reimbursing’ Pak for ordnance it is using to devastate border areas: J-K CM Omar Abdullah

Srinagar, May 10 (PTI) Jammu and Kashmir Chief Minister Omar Abdullah on Saturday hit out at the IMF for granting a billion dollar loan to Pakistan, saying the global financial organisation was “essentially reimbursing” Islamabad for the ammunition used to devastate border areas of the Union territory. The International Monetary Fund on Friday approved the disbursement of around USD 1 billion to Pakistan under the Extended Fund Facility (EFF). “I’m not sure how the ‘International Community’ thinks the current tension in the subcontinent will be de-escalated when the IMF essentially reimburses Pakistan for all the ordnance it is using to

Pakistan says India fired missiles at 3 air bases inside country, Pakistani retaliation underway

ISLAMABAD, Pakistan, May 10, 2025 (AP) — Pakistan said India fired missiles at three air bases inside the country Saturday but most of the missiles were intercepted and that retaliatory strikes on India were underway. It’s the latest escalation in a conflict triggered by a massacre last month that India blames on Pakistan. The Pakistani military said it used medium-range Fateh missiles to target an Indian missile storage facility and airbases in Pathankot and Udhampur. Army spokesman, Lt. Gen. Ahmad Sharif, said Pakistan’s air force assets were safe following the Indian strikes, adding that some of the Indian missiles also

Pakistan PM calls meeting of body that oversees nuclear arsenal, says Pakistan military

ISLAMABAD, May 10 (Reuters) – Pakistan Prime Minister Shehbaz Sharif has called a meeting of the National Command Authority on Saturday, the military said, after Islamabad launched a military operation against India and targeted multiple bases. The authority is the top body of civilian and military officials that takes security decisions including those related to the country’s nuclear arsenal. Tensions between the nuclear-armed neighbours escalated this week as they both accused each other of violating airspaces by sending drones and other munitions, killing at least 48 people.

Gold rallies Rs 480, inches close to Rs 1 lakh-mark

New Delhi, May 9 (PTI) Gold prices rallied Rs 480 to Rs 99,730 per 10 grams in the national capital on Friday as rising tensions between India and Pakistan triggered demand for safe haven assets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had ended at Rs 99,250 per 10 grams in the previous market close. Gold of 99.5 per cent purity climbed Rs 480 to Rs 99,280 per 10 grams on Friday. It had closed at Rs 98,800 per 10 grams on Thursday. “Gold prices are holding steady as easing trade tensions

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