US ‘welcomes’ NSC statement on rejecting claims of foreign conspiracy

On Friday, US State Department Deputy Spokesperson Jalina Porter said the US welcomed the Pakistani National Security Committee’s (NSC) statement rejecting claims of a “foreign conspiracy” to destabilise former Prime Minister Imran Khan’s government. Porter made the comments during a news conference after a journalist asked how she felt about the NSC’s decision. “The meeting […]

Petrodollar in a nutshell

The Russia-Ukraine conflict has altered the global market in numerous ways, including affecting oil prices and hastening the collapse of the US dollar. Not only has the US currency deteriorated, but other dollar-dependent currencies, such as the petrodollar, have also suffered. Petro-Dollars, a concept coined in the mid-1970s, are crude oil export receipts denominated in […]