Search For "crisis"
Imran Khan polarizing Pakistan, insists on talks with proscribed organizat
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 29 (ANI): Amid political instability and economic chaos, former Pakistan Prime Minister Imran Khan is trying to polarize the country by insisting on talks with the proscribed organization Tehreek-i-Taliban Pakistan (TTP), the separatists of Balochistan and Sindh
Read More
Credit agency S&P cut Pakistan's credit outlook rating to negative
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 29 (ANI): As Pakistan's economy slumps to a new low, ratings by S&P Global, an American credit rating agency, has cut Pakistan's credit outlook to negative and markets think that Pakistan might soon follow Sri Lanka into debt default and economic crisis, media
Read More
Pak to sell shares of state-owned entities, LNG power projects to friendly
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 29 (ANI): In order to tackle the country's crippling economy and contain inflation, Pakistan Finance Minister, Miftah Ismail on Wednesday announced that the government is looking forward to amend the laws for the sale of shares of listed state-owned entities wit
Read More
World Bank says no plan to offer new financing to crisis-hit Sri Lanka
Updated : 3 years, 8 months ago IST
New Delhi [India], July 29 (ANI): The World Bank has no plan to offer new financing to Sri Lanka until an adequate macroeconomic policy framework is in place in the island country, which is facing its worst crisis.
Read More
Load-shedding crisis, tax on electricity bills lead to massive protest in
Updated : 3 years, 8 months ago IST
Muzaffarabad [PoK], July 28 (ANI): The Poonch division of the Jammu Kashmir National Students Federation (JKNSF) has launched a protest movement against load shedding and unjustified taxes on electricity bills in Pakistan-occupied Kashmir (PoK).
Read More
Pakistan on brink of economic collapse
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 28 (ANI): With the depleting foreign currency reserves and rising inflation, Pakistan is on the brink of economic collapse and heading towards a path similar to the economic downfall of Sri Lanka.
Read More
Pakistani rupee dives to 240 per US dollar
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 28 (ANI): Pakistan rupee depreciated at a record low against the US dollar on Thursday as it dropped to PKR 240.5 against the dollar in the interbank market.
Read More
"Two-man cabinet", NCP leader Jayant Patil takes a dig at Eknath Shinde go
Updated : 3 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 28 (ANI): Taking a dig at the delayed allotment of portfolios by the Eknath Shinde government in Maharashtra, NCP's state chief Jayant Patil said only a "two-man cabinet" was functional and problems of people due to the flood-like situation and other issues
Read More
Deteriorating economy, political uncertainty hit China-led Gwadar Port Pro
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 28 (ANI): China, the sole investor in the Gwadar projects are hesitating to invest amid uncertainties as the ongoing economic crisis and political instability in Pakistan are hitting Chinese investment sentiments.
Read More
China's economy at risk with banks witnessing rise in non-performing asset
Updated : 3 years, 8 months ago IST
Beijing [China], July 27 (ANI): Chinese bank depositors, who are protesting against their inability in getting their frozen funds back, are now boycotting the mortgages payment which in turn is increasing the non-performing assets (NPA) of the banks giving a major blow to the country's econo
Read More
Pakistani rupee sinks to all-time low against US dollar
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 27 (ANI): The Pakistani rupee continued to sink against the US dollar for the ninth straight session in the interbank market, hitting a new record low of 236 on Wednesday.
Read More
US envoy, President Wickremesinghe discuss Sri Lankan economic, political
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 27 (ANI): US Ambassador to Sri Lanka Julie Chung met Sri Lankan President Ranil Wickremesinghe on Wednesday and discussed the ongoing economic and political crisis and ways to work together to navigate toward a brighter future.
Read More