Search For "economic crisis"
India extends aid worth USD 3.9 billion to help Sri Lanka face of economic
Updated : 3 years, 2 months ago IST
India's EXIM bank and State bank of India, for the import of essential commodities, extended export credit facilities worth USD 1,500 million to Sri Lanka.
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"Palpable economic crisis brewing..." Rahul Gandhi warns in letter address
Updated : 3 years, 2 months ago IST
Congress MP Rahul Gandhi on Friday warned people of a "palpable economic crisis brewing" in the country under the present government at the Centre.
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Pakistan secures financial support of USD 4 billion from UAE, Saudi Arabia
Updated : 3 years, 2 months ago IST
According to two separate official announcements, UAE pledged to roll over USD 2 billion debt payable over the next two months and topped this with an additional USD 1bn support promised during Pakistan Prime Minister Shehbaz Sharif's visit to the UAE.
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China faces protests by EV owners missing out on price cuts
Updated : 3 years, 2 months ago IST
Owners of electronic vehicles manufactured by Tesla have erupted in protest against the automobile giant after missing out on availing price cuts by the company to boost sales, Malaysian news outlet, The Star, reported, adding that the car owners have claimed that they had to pay more for
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"Textile industry layoffs prove incompetency of Pakistan government"
Updated : 3 years, 2 months ago IST
Dwindling exports of the textile sector in Pakistan and the government's incompetency to address and handle the ongoing economic crisis costed seven million people their jobs.
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Saudi Arabia planning to increase investments in Pakistan to USD 10 billio
Updated : 3 years, 2 months ago IST
Pakistan, which is facing a severe cash crunch, has found a ray of hope in Saudi Arabia as Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud has directed officials to study augmenting the Kingdom's investments to reach USD 10 billion.
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Protests in Gilgit Baltistan PoK rage over myriad issues
Updated : 3 years, 2 months ago IST
The locals and traders of Gilgit Baltistan (GB) in Pakistan-Occupied Kashmir (POK) are holding protests against heavy taxation laws, illegal land occupation, and load shedding imposed by the regime in the province, Pakistan's vernacular media outlet Baad-e-Shimal reported.
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Pak currency exchange firms offer help as banks back off amid economic cri
Updated : 3 years, 2 months ago IST
Amid depleting foreign reserves, currency exchange firms of Pakistan on Saturday offered to pay for resuming the letter of credit facility (LC) for supporting imports as banks step back due to Pakistan's ongoing economic crisis, according to a Geo News report.
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Pak reels as prices of essential food items head north: Report
Updated : 3 years, 2 months ago IST
Factors such as higher import and transportation costs, crop availability, demand and supply gap, hoarding, exchange rate issues, and the ongoing economic crisis have resulted in uncontrolled inflation in Pakistan, even on essential food items, the Dawn reported, adding that the condition wa
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Pakistan: SBP's forex reserves dwindle to USD 4.5 billion, Islamabad left
Updated : 3 years, 2 months ago IST
According to sources, the development left Pakistan with an import cover of only under a month, as the country grapples with a deteriorating economic crisis while trying to bring down imports amid a dollar shortage.
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Pak economy facing its worst crisis, grim scenario ahead in 2023
Updated : 3 years, 2 months ago IST
Pakistan is facing its worst economic crisis since its birth and a grim scenario dodges Islamabad in 2023 amid rising foreign debts, inflation, and falling foreign exchange reserves.
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World is facing economic crisis, but PM Modi is taking Indian economy forw
Updated : 3 years, 2 months ago IST
Bharatiya Janata Party (BJP) national president JP Nadda on Monday said that Indian citizens should consider themselves 'lucky' that the country is led by Prime Minister Narendra Modi.
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