Search For "economic crisis"
Amid reeling economic crisis, Pak govt hikes petrol price for next 15 days
Updated : 2 years, 11 months ago IST
Ishaq Dar, the finance minister, revealed on Saturday that the federal government has decided to raise the cost of petrol by Rs 10 per litre for the ensuing 15 days, Geo News reported.
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Khyber Pakhtunkhwa under grip of severe economic crisis
Updated : 2 years, 11 months ago IST
As Pakistan's economy continue to deteriorate with every passing day, its effect is seen in the country's provinces like Khyber Pakhtunkhwa and Balochistan where people are already living miserable lives due to lack of basic amenities and rise in terrorism.
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India plays key role in IMF's clearance of 48-month EFF worth USD 2.9 bill
Updated : 2 years, 11 months ago IST
India earnestly supported Sri Lanka in this arduous journey of mobilizing IMF support amid a serious foreign exchange crisis and consequent harsh economic conditions.
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Pakistan economic crisis continues as IMF bailout not in sight, Saudi Arab
Updated : 2 years, 11 months ago IST
"There is a very slim chance that Pakistan may be able to win Saudi Arabian support for the resumption of its IMF programme, but if it does, this will be a temporary respite," analyst Mosharraf Zaidi wrote in The News International last week. Saudi under Crown Prince, Prince Mohammed bin Sa
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Pakistan economic crisis: Civil Defence Official among 11 booked for steal
Updated : 2 years, 11 months ago IST
An investigation revealed that Omair Nawaz was in charge of the record of tokens being issued to recipients of bags. He confessed to embezzling 7,000 to 8,000 tokens, resulting in a loss to the national exchequer to the tune of Pakistani Rs. 5 to 6 million.
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Turmoil in Pakistan rips highest echelons of power
Updated : 2 years, 11 months ago IST
The legislature and executive have made it clear they will not listen to the judiciary, and the judiciary has made it clear it is not interested in listening to anyone at all.
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Pakistan's politicians are failing their most vulnerable people
Updated : 2 years, 11 months ago IST
No attempt was made to reduce wasteful government spending or energy usage. No attempt was made to win back external creditors who have dumped Pakistani assets, unnerved by highly irresponsible comments from key policymakers. Promises made to the IMF were broken and wild accusations were hur
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Pakistan: Khyber Pakhtunkhwa caretaker government orders to halt 'image-bu
Updated : 2 years, 11 months ago IST
In a letter, addressed to the planning and development department, Khyber Pakhtunkhwa's information department said that in the wake of the "current economic crisis followed by the unavailability of funds," it had been decided to wind up the project immediately.
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Domestic cotton production in Pakistan declines to four decade low of 4.9
Updated : 2 years, 11 months ago IST
As per Dawn, ginning data shows that the cotton harvest declined by a hefty 34 per cent this year from 7.44 million bales the previous year, mainly because of the catastrophic summer floods in Sindh and southern Punjab where this industrial crop is mostly grown.
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Sri Lanka to see degrowth in 2023, gradual recovery expected next year: AD
Updated : 2 years, 11 months ago IST
Sri Lanka's economy is estimated to contract again in 2023 before it begins a gradual recovery in 2024, as the country navigates an unprecedented economic crisis, according to Asian Development Bank.
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Pakistan: Chaos erupts outside flour distribution centre in Peshawar as po
Updated : 2 years, 11 months ago IST
Chaos erupted outside a flour distribution centre in Peshawar after police fired tear gas shells at the crowd, Dawn reported.
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Pakistan battling its worst economic crisis this Ramazan
Updated : 2 years, 11 months ago IST
An increasing number of enterprises are either scaling down operations or closing production mainly for the scarcity of imported raw materials. Dozens of businesses have served notices of production suspension. Restriction on imports of raw materials to improve the trade balance amounts to c
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