The State Bank of Pakistan released its Quarterly Report on 6 January 2020, regarding the state of Pakistan’s economy. According to the report, Pakistan’s economy moved progressively along the adjustment path. Macroeconomic stabilization picked up momentum with the initiation of the IMF’s Extended Fund Facility program.

President Trump responded to Iranian missile strikes on US bases in Iraq saying “... Assessment of casualties & damages taking place now. So far, so good! We have the most powerful and well equipped military anywhere in the world, by far! ...” Not only did Trump boast of having the strongest military, but he claimed that, "U.S. armed forces are stronger than ever before."

On Wednesday 8th January, Russian President, Vladimir Putin, and Turkey’s leader, President Recep Tayyip Erdogan formally launched a Black Sea pipeline that will funnel Russian natural gas via Turkey to Europe. The two leaders inaugurated the ‘TurkStream’ in Istanbul which will carry natural gas through an undersea pipeline stretching 930km from Anapa on the Russian Black Sea Coast to Kiyikay west of Istanbul for Turkish domestic consumption, while a second…

A religious cooperation agreement has been signed between Turkey and Iran in Ankara. Minister of Religious Affairs Ali Erbas and Minister of Islamic Culture and Communication of Islamic Republic of Iran Ebuzer Ibrahimi Turkmen convened and signed the collaboration in Ankara. (News Agencies)