Amid the rise in economic instability in the country, several natives of Afghanistan have shifted to carpet weaving in order to support their families and fend for their regular needs, TOLOnews reported.
In its weekly bulletin, the State Bank of Pakistan (SBP) said that its foreign exchange reserves have decreased as of the week ended March 24, which will provide an import cover of less than a month.
Amid the depreciating value of the Pakistani Rupee and shortage of foreign exchange reserves, Pakistan faces a critical shortage of live-saving drugs, Pakistan based The News International reported citing local media.
Pakistan is on the verge of bankruptcy and is roiled by several crises such as food shortage, high inflation, shrinking trade, unemployment, power outage, political instability, and growing debt. Yet, the focus has been on making religious punishments more rigorous.
Food prices in Pakistan continue to soar as the South Asian country is under a massive grip of economic crisis. The surge in prices has skyrocketed amid the ongoing month of Ramadan, Geo News reported.
A man was killed in Charsadda, and several others were injured in Swabi and Kohat. Another man in Bannu died after the boundary wall of a flour mill collapsed ahead of flour distribution. In the Hasilpur Tehsil of southern Punjab, at least five women were injured in a stampede at a free flou
Khan, while talking to the media outside the Lahore High Court (LHC) on Friday, questioned whether the economic crisis and terrorism would end on October 8. He expressed fear that the situation will be worsened on October 8.
Earlier, the Pakistan Army decided to hold the annual parade of the armed forces on Pakistan Day on a limited scale, joining the government's austerity drive that aims at warding off the economic crisis, Dunya News reported.
The investor-friendly climate is critical -policies such as tax breaks, incentives, sector-specific subsidies, free trade zones, and business regulations are only marginally or partially investor friendly.