"PIA Privatization, UN Showdown & Monsoon Havoc – Pakistan’s July 23 Highlights"

 

🇵🇰 Pakistan & South Asia

Monsoon crisis continues: Heavy rains and flash floods have claimed over 250 lives this season, with 21 fatalities reported just yesterday in landslides and floods in northern regions.

PIA privatization update: The government seeks Rs 60–70 bn investment from the new buyer over 5 years to rescue financially troubled Pakistan International Airlines .
Geopolitical disagreements at the UN: India sharply rebuked Pakistan at the UN, accusing it of being a “serial borrower from the IMF” and of supporting terrorism, while Islamabad defended its stance on Kashmir and the Indus Water Treaty.

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🌐 Economy & Trade

Record borrowing: Pakistan recorded a foreign loan inflow of $26.7 billion in the past fiscal year, deepening concerns over long-term debt sustainability .

No takers for sugar tender: An international tender to export 50,000 MT of sugar drew no bids, highlighting challenges in Pakistan’s agricultural export logistics .

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✈️ International

Trump unveils U.S. AI agenda: Former President Trump announced a new AI Action Plan to ease regulations and promote tech exports, provoking criticism from groups advocating ethical AI oversight .

High-profile feud resurfaces: Trump reignited tensions, calling Barack Obama’s actions during the Russiagate era “treason”—reigniting a longstanding political feud.

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🏏 Sports

Emerging pace bowler: Pakistan's Ahmed Daniyal impressed with two wickets in his debut T20I against Bangladesh, delivering at 146 km/h