NEW DELHI: More concerns on the economic front, an audacious attack on the Karachi police chiefs workplace, and other news that made headlines last week in the neighbouring country in our Pakistan round up: Pakistan has already defaulted, says defence ministerPakistan has actually currently defaulted, defence minister Khawaja Asif stated on Saturday, while holding everybody, consisting of the facility, administration, and politicians responsible for it.Speaking at a personal college event in Sialkot, he stated you may have learnt that Pakistan is going bankrupt or that a default or crisis is taking place.

It has currently occurred.

We are living in an insolvent country.

He said today scenario was the result of least regard for the Constitution and the guideline of law during the last 7 years.

The option to our problems lies within the country.

The IMF does not have the option to Pakistans problems, he further said.Karachi Police office aggressors identifiedPakistani Taliban militants who attacked the workplace of the Karachi Police chief have been identified as citizens of two tribal districts bordering Afghanistan, authorities said on Sunday.Zala Noor and Kifayatullah were determined as residents of north Waziristan and Lakki Marwat districts respectively.Three TTP terrorists were eliminated and 4 others, consisting of 3 security workers, also lost their lives in the attack.Read full storyPetrol at all-time high after 22 rupees hikePakistan federal government hiked fuel rate by another massive 22 rupees a litre on Thursday to touch an all-time high.Back-to-back hikes have seen the price of fuel in Pakistan increase greatly, from about 150 rupees a litre in May 2022 to the present 272 rupees.

Pakistan is desperate for an IMF bailout to support its having a hard time economy.

The worldwide lender has laid down withdrawal of subsidies on fuel and power as among the condition for the package.Read complete storyFitch downgrades Pakistans ratingGlobal ratings agency Fitch has actually cut Pakistans sovereign credit score by a notch from CCC+ to CCC-, mentioning policy dangers, critically low reserves and big refinancing risks, and tough conditions set by the International Monetary Fund (IMF).

Its downgrade comes after S&P Global in December cut its long-term sovereign credit ranking for Pakistan by one notch to CCC+ from B , citing an ongoing weakening of its external, financial and economic metrics.Read full storyChina temporarily closes consular workplace in IslamabadChina has actually briefly shut down the consular section of its embassy in Pakistan because of technical concerns.

The embassy refrained from offering particular details about the nature of the technical problem or the timeline for the closure.The alert follows a notification by the Chinese government, encouraging Chinese residents to be careful while in Pakistan, stating they may be at threat due to a degrading security situation.Read full storyWatchPakistan: Amid huge economic crisis, defence minister Khwaja Asif states nation has declared bankruptcy