Pakistan’s foreign exchange reserves at $6.72 billion – lowest in almost four years mostly comprises borrowed money from other countries and multilateral agencies. Its own reserves are perilously close to nil. The major chunk of the reserves came as assistance from other countries including China and Saudi Arabia besides the International Monetary Fund. An amount of $2.3 billion has come from China while Saudi Arabia has offered $3 billion. The IMF has also agreed to revive the financial assistance programme. It has already provided $1.2 billion. This implies that borrowed money makes up for the country's forex reserves kitty.
RIYADH: Although aircraft manufacturers and airlines have all aimed to increase energy efficiency over recent decades, the move to find alternatives to fossil-based fuels has been a struggle. While the International Air Transport Association and the International Civil Aviation Organization are pushing the industry to adopt sustainable aviation fuel, the goal might be beyond
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Smuggling: Police want greater role in controlling airports
Zvamaida Murwira
Senior Reporter
The police want a greater role and unhindered access at airports to help prevent criminals smuggling out gold and other minerals in their luggage as many now enforcing smuggling rules are not trained or experienced in general law enforcement.
Commissioner General Godwin Matanga yesterday told a joint sitting of the parliamentary portfolio committees on Mines and Mining Development and of Home Affairs, Defence and Security Services that there was need for close collaboration with all law enforcement agencies at ports of entry such as Robert Gabriel Mugabe International Airport where there has been smuggling of gold.