Search For "economic crisis"
China stalling IMF relief for debt grip Sri Lanka: Report
Updated : 2 years, 5 months ago IST
The last month's visit by IMF officials to the crisis-recovering nation seems like a hope for the country. But IMF has insisted on "financing assurances" from bilateral lenders as a key pillar, gave Sri Lanka a failing grade in the first review of the bailout, denying it a second tranche of
Read More
Tamil Nadu: Two Sri Lankan refugees reach Rameswaram, probe underway
Updated : 2 years, 5 months ago IST
Two Sri Lankan refugees Dhanushkodi in Tamil Nadu’s Rameswaram district, the police said on Monday.
Read More
"Policies are heavily influenced by vested interests of military...": Worl
Updated : 2 years, 5 months ago IST
The country director for the World Bank in Pakistan, Najy Banhassine said in an overview of reforms for a brighter future: Time to Decide, “Policy decisions are heavily influenced by strong vested interests, including those of military, political and business leaders.”
Read More
Karachi University teachers boycott classes over non-payment of arrears
Updated : 2 years, 5 months ago IST
Amid the economic crisis in Pakistan, the Karachi University Teachers Society (KUTS) announced it would stage a strike for an indefinite period from Friday over the non-payment of dues, reported Geo News.
Read More
India reached moon, hosted G20 Summit, we are begging for funds, laments f
Updated : 2 years, 5 months ago IST
Addressing a meeting of his party, PML(N), former Pakistan Prime Minister said that India reached the moon and successfully hosted the G20 Summit while Pakistan was begging other countries for money to stay afloat.
Read More
Rising inflation in Pakistan pushes families into debt cycle, asset sale
Updated : 2 years, 5 months ago IST
As Pakistan grapples with a severe economic crisis and soaring inflation, this financial safety net of the people of Pakistan appears eroding, Dawn reported.
Read More
Secret Pakistani arms sale to US helped facilitate IMF bailout: Report
Updated : 2 years, 5 months ago IST
A Secret Pakistani arms sales to the US helped facilitate a controversial bailout from the International Monetary Fund (IMF) earlier this year, as per two sources aware of the arrangement, with confirmation from internal Pakistani and American government documents, The Intercept reported.
Read More
Pakistan: Amid public misery, sugar prices reach record high
Updated : 2 years, 6 months ago IST
Amid the economic crisis in Pakistan, sugar prices skyrocketed to a record high of 220 Pakistani Rupees (PKR) in the retail markets of Balochistan, ARY News reported on Sunday.
Read More
Pakistan: Petrol, diesel prices continue to surge amid social unrest
Updated : 2 years, 6 months ago IST
As Pakistan continues to grapple with high electricity bills, the caretaker government on Thursday further jacked up the petrol and diesel prices by over 14 Pakistani Rupees (PKR) taking the price past 300 PKR, Geo News reported on Friday.
Read More
How Pakistan's electricity crisis is leading to rising spectre of social u
Updated : 2 years, 6 months ago IST
The heat of inflation in electricity prices in Pakistan has been growing steeply with prices soaring, leading to social unrest in the society, and the situation will need Islamabad to undertake a number of comprehensive efforts, The News International reported.
Read More
Pakistan: PKR plunges to all-time low due to economic crisis
Updated : 2 years, 6 months ago IST
The Pakistani Rupee (PKR) touched a record low of Rs299.64 against the dollar in the interbank market by further sliding 0.63 per cent on Wednesday, ARY News reported.
Read More
China faces 'Lehman Moment' fears as big investment firm misses payments
Updated : 2 years, 6 months ago IST
The term 'Lehman moment' refers to the catastrophic event in September 2008 in which Lehman Brothers, then the eighth-largest investment bank in the United States filed for bankruptcy, triggering a domino effect that sent shockwaves throughout the global financial system, resulting in the wo
Read More