Skip to content
Search

Latest Stories

Hard Numbers

Hard Number: Saudi Arabia picks up Pakistan’s tab again

Hard Number: Saudi Arabia picks up Pakistan’s tab again
Natalie Johnson
Make us preferred on Google

The extra cash comes just before Islamabad sends a $3.5 billion debt repayment to Saudi Arabia’s friend-turned-rival, the UAE. This isn’t the first time that Saudi Arabia has provided Pakistan, a relatively poor country with a mighty military, with funding. In 2018, Riyadh gave Pakistan a rescue package worth $6 billion as it faced an economic crisis. What’s the benefit to the Saudis? Pakistan provides the Kingdom with security by placing it under its nuclear umbrella. It has also deployed fighter jets to Saudi Arabia, amid Iranian bombing of the Kingdom.

More For You

Japan’s population drops by millions
Zac Weisz
The fifth-largest economy in the world is facing a major population crunch. The decline — from 126.1 million to 123 million — is the biggest population drop over a five-year period since the government began collecting census data in 1920. The government has urgently tried to encourage citizens to have more children as a way of preventing a [...]
Another Polymarket ban
Will Fitzpatrick
Spain temporarily banned the US-based prediction markets Polymarket and Kalshi on Tuesday, as well as its rival Kalshi, arguing that they were operating without a gambling license. The ban will last three to four months, pending a review from the country’s gambling watchdog. The move comes as other bans against Polymarket, in particular, are [...]
Cornyn’s defeat could cost Republicans dearly
Will Fitzpatrick
Cornyn’s hefty loss yesterday to Texas Attorney General Ken Paxton (whom US President Donald Trump endorsed) in the Senate runoff yesterday will be a costly one for the Republican Party. Firstly, the GOP is losing one of their most prolific fundraisers in Senate history. Secondly, Paxton’s scandal-filled history – including allegations of [...]
Cambodia seeks to shed autocratic image?
Will Fitzpatrick
Cambodia has been an autocracy ever since Hun seized power in a coup d’état in 1997, but it is apparently looking to change that image. On Monday, the president announced that he would be freeing Kem from house arrest, barely a month after an appeals court upheld the conviction against him – one that carried a 27-year sentence. The move is [...]