While demanding a white paper on the state's economic situation, Chugh said if the decline continued for some more time, Punjab may have to declare a financial emergency the way it happened in Sri Lanka.
Ranil Wickremesinghe has said that the only option for the island nation to emerge from this crisis is to seek the support of the global lender International Monetary Fund (IMF).
Last month, the Taliban ordered all national and international non-government organizations to suspend the jobs of female employees, a move that was widely criticized by the international community. The United Nations Security Council (UNSC) is planning to hold a closed-door meeting next wee
After the economic collapse of the tiny Indian Ocean island earlier this year, there were questions about whether these projects had contributed to the worst crisis Sri Lanka has ever faced.
Islamabad [Pakistan], September 14 (ANI): Despite support from Saudi Arabia and International Monetary Funds (IMF), Pakistan is on the verge of economic collapse with a lack of funds.
Islamabad [Pakistan], September 4 (ANI): Pakistan is on the verge of economic collapse due to depleting foreign exchange reserves and spiralling inflation, and the political instability in the country has further worsened the economic crisis. The general public had lost trust in the capabili
Geneva [Switzerland], August 9 (ANI): UN human rights experts on Monday (local time) condemned the extensive, prolonged and repeated use of state of emergency measures since April 2, 2022 by Sri Lankan authorities to crack down on peaceful protesters and prevent them from voicing their griev
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.
Islamabad [Pakistan], July 25 (ANI): Pakistan's ex-Interior Minister Sheikh Rashid Ahmed on Sunday warned of imminent economic collapse upcoming in the country and said that there is very "little time" left to save the country.