After receiving $4 bn in Loans from China in FY17-18, Pakistan wants more to save the country

According to the government officials, Pakistan has borrowed almost $4 billion from China during the last financial year FY2017-18 ended on June 2018 in order to protect its depleting foreign reserves and avoid assistance from IMF. However, a recent report by ‘Fitch Ratings’ claim that…

India Clears $5.5 Billion S-400 Air Defence Missile Systems Buy From Russia – YouTube

This video shows you that India Clears $5.5 Billion S-400 Air Defence Missile Systems Buy From Russia. The DAC council that gathered on Thursday approved the deal with ‘minor deviations’, Times of India reported quoting unnamed sources Sunday. The deal gained preliminary approval from the…

India Clears $5.5 Billion S-400 Air Defense Missile Systems Buy From Russia

India Clears $5.5 Billion S-400 Air Defense Missile Systems Buy From Russia The Indian Defense Acquisition Council (DAC) has cleared a $5.5 billion agreement to purchase S-400 air defense missile systems from Russia despite US opposition to the deal. The DAC council that gathered on…

CHINA LENDS ANOTHER US$1 BILLION TO PAKISTAN

China has lent Pakistan US$1 billion to boost the South Asian country’s plummeting foreign currency reserves, two sources in Pakistan’s finance ministry told Reuters, amid growing speculation of another International Monetary Fund bailout. The latest loan highlights Islamabad’s growing dependence on Chinese loans to buffer…

India spends $6 bn on S-400 Missiles – Yet UK pays them £60 mn each year British Media

INDIA is set to spend almost $6 BILLION on cutting-edge S-400 air missile defence systems from Russia – despite the UK investing £60 million each year into the heavily poverty-stricken country. Defence Minister Nirmala Sitharaman has forwarded the deal for the purchase of five S-400…

$26 Billion Contract For Anti-Submarine Warships To Take On China

$26 Billion Contract For Anti-Submarine Warships To Take On China Australia awarded a $26 billion contract to build a new generation of warships to British defence giant BAE Systems on Friday, as the Pacific nation undertakes an ambitious naval programme in part to counter China….

US Senate passes bill seeking enhanced defence ties with India

The US Senate today passed with an overwhelming majority a $716 billion defence bill which among other things seeks to strengthen ties with America’s ‘Major Defence Partner’ India. The US recognised India as a “Major Defence Partner” in 2016, a designation that allows India to…

DRDO’s technology boast fells $9 billion Indo-Russian aircraft deal

DRDO’s technology boast fells $9 billion Indo-Russian aircraft deal A $9-billion deal to codevelop a next-generation fighter aircraft with Russia fell through after Defence Research and Development Organisation (DRDO) shot it down saying it either had all the technologies such a project would bring to…

Bulgaria Finance Committee Clears $1.08 Billion For Acquiring 16 Fighter Jets

Bulgaria Finance Committee Clears $1.08 Billion For Acquiring 16 Fighter Jets The Bulgarian National Assembly committee on finance and budget cleared $1.08 billion for the procurement of 16 fighter jets. The committee approved the budget for acquisition of fighters along with 150 infantry combat vehicles…

Bulgarian Parliamentary Finance Committee Greenlights Fighter Jet, Armoured Vehicle Acquisitions

The Bulgarian National Assembly’s committee on the budget and finance approved on June 6 the 3.5 billion leva proposed projects to acquire fighter jets and armoured cars. The committee approved the projects a day after they got the nod from Parliament’s defence committee, and a…