Search For "economic crisis"
IMF packages, foreign bailouts will not suffice to keep Pak economy afloat
Updated : 2 years, 7 months ago IST
Pakistan's economic blindspot continues to be the fact that no amount of IMF bailouts or foreign bailouts will be enough to keep the economy afloat without the nation undertaking a comprehensive structural makeover.
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"During economic crisis, everyone became aware who is our real friend": Sr
Updated : 2 years, 7 months ago IST
The India-Sri Lanka relationship is strong and close, and it was revealed during the economic crisis who is a real friend of Sri Lanka, Sri Lankan Minister Jeevan Thondaman said on Monday.
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Sri Lanka High Commissioner thanks PM Modi for financial assistance during
Updated : 2 years, 7 months ago IST
High Commissioner Moragoda went on to elaborate on the significance of India-Sir Lanka relations and the special status it has reached in the recent past. Commenting on the recent visit of the President of Sri Lanka to New Delhi, High Commissioner stated that the visit not only further stren
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Erdogan toured Gulf States seeking economic injections for Turkey’s ailing
Updated : 2 years, 7 months ago IST
Turkish President Recep Tayyip Erdogan, shortly after clinching another five-year term in the recent elections, last week embarked on an effort to save Turkey’s faltering economy, by making a tour of Saudi Arabia, Qatar and the UAE, seeking investments and financial support from the
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Pakistan increases base power tariff
Updated : 2 years, 7 months ago IST
Amid the economic crisis in the country, Pakistan has increased the electricity base rate by Pakistani Rupees (PKR) 7.5 per unit.
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China agrees to reschedule USD 2 billion debt recovery
Updated : 2 years, 7 months ago IST
This is a major relief to Pakistan government which is in the process of rebuilding foreign exchange reserves through fresh loans and rolling over maturing debt.
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Afghanistan: EU announces 7.6 million euros aid as food insecurity worsens
Updated : 2 years, 7 months ago IST
The European Union has announced humanitarian aid of 7.6 million euros to address the needs of vulnerable citizens of Afghanistan, as the country continues to remain in the grip of food insecurity and economic crisis, reported Afghan news agency, Khaama Press.
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Despite IMF's bailout, Pakistan still in economic crisis
Updated : 2 years, 7 months ago IST
After the International Monetary Fund (IMF) approved a 9-month stand-by-arrangement (SBA) of USD 3 billion, Pakistan has received sight of relief but it needs to realise that the country has to do everything to increase tax revenue so that it can come out of the economic crisis.
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China: Central Bank governor warns economic prudence ahead of retirement
Updated : 2 years, 8 months ago IST
People’s Bank of China (PBOC) Governor, Yi Gang, who is soon expected to step down from the position, has flagged some crucial concerns and also offered advice in a recent article for the Journal of Economic Research.
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Afghanistan acting FM brands economic crisis as "propaganda"
Updated : 2 years, 8 months ago IST
At the welcoming ceremony for several Islamic Emirate officials who arrived back on Friday night after performing Hajj, Muttaqi noted that money is being used for projects rather than for war supplies and weapons as it once was.
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Businessmen lose confidence in Pakistan's economy: Report
Updated : 2 years, 8 months ago IST
Overall Business Confidence Score (BCS) stood at negative 25 per cent during the survey conducted in March-April 2023 (Wave 23), which was 21 per cent lower than the previous level of negative 4 per cent seen during the last such survey conducted in September-October 2022 (Wave 22).
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Has Erdogan really replaced "Erdoganomics" with orthodox economics?
Updated : 2 years, 8 months ago IST
Recep Tayyip Erdogan, having succeeded in getting re-elected for a third time as Turkey's President, in the face of the big economic crisis plaguing his country, has given some indications that he may replace his unorthodox economic policies, dubbed by prestigious foreign media as "Erdoga
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