Search For "economic crisis"
50 pc of world's poorest need debt relief to avert major development crisi
Updated : 3 years, 5 months ago IST
New York [US], October 12 (ANI): Fifty-four developing economies accounting for more than half of the world's poorest people need urgent debt relief as a result of cascading global crises, according to the United Nations Development Programme (UNDP).
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Ishaq Dar's economics for pakistan: Temporary relief, permanent damage, sa
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], October 9 (ANI): Newly appointed Pakistan Finance Minister Ishaq Dar may seem to be the problem solver but his short-term plan, in this economic situation, will create distortions and worsen the structural imbalances.
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Pakistan defence sector continues to enjoy grants, subsidies despite econo
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], October 5 (ANI): As Pakistan always cries for funding in the name of development and disaster management, the so-called defence sector of the country continues to enjoy grants, subsidies and loans despite the financial crunches.
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China falls into its own debt trap as loans under Belt and Road Initiative
Updated : 3 years, 5 months ago IST
Beijing [China], October 3 (ANI): China is falling into its own debt trap as the country's banks have sharply reduced lending to low-income countries under its flagship Belt and Road initiative (BRI) after the crumbled economies of borrowing countries have left the Asian giant with huge pile
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Sri Lanka cuts tax on female hygiene products amid economic crisis
Updated : 3 years, 5 months ago IST
Colombo [Sri Lanka], October 3 (ANI): Amid the ongoing economic crisis in the country, Sri Lanka has cut taxes on female sanitary products in a bid to help women unable to afford the hygiene product, according to reports.
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We need tourists back to revive Sri Lanka: Sanath Jayasuriya urges Indians
Updated : 3 years, 5 months ago IST
Recently, economic crisis-hit Sri Lanka won the Asia Cup 2022 in UAE by defeating Pakistan in the final
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Pakistan urges IMF to ease harsh terms on power tariffs, fuel taxes
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], September 30 (ANI): Amid a worsening economic crisis due to floods, high inflation and depreciating currency, Pakistan on Friday urged the International Monetary Fund (IMF) to ease harsh terms which require Islamabad to increase power tariffs and fuel taxes over next si
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Despite Chinese pressure, Sri Lanka wary of entering into Free Trade Agree
Updated : 3 years, 5 months ago IST
Colombo [Sri Lanka], September 28 (ANI): The ongoing economic crisis and challenges of penetrating the Chinese market are making Sri Lanka cautious about concluding a Free Trade Agreement (FTA) with China, despite pressure.
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Pakistan's finance minister Miftah Ismail quits in middle of trip abroad
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], September 26 (ANI): Pakistan Finance Minister Miftah Ismail has stepped down in the middle of a trip abroad amid a serious economic crisis that the country faces following the devastating floods.
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China uses clever tactics of African countries' loan waiver to change its
Updated : 3 years, 5 months ago IST
Beijing [China], September 25 (ANI): After eyebrows were raised on China's debt trap policy under its Belt Road Initiative (BRI), it announced a loan waiver for African countries to change the narrative, however, the amount of these loans was not even 1 per cent of its total lending to the c
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Union minister G Kishan Reddy says Telangana CM KCR instigating people
Updated : 3 years, 5 months ago IST
Hyderabad (Telangana) [India], September 25 (ANI): Union Minister G Kishan Redday on Sunday alleged that Telangana chief minister K. Chandrashekar Rao was instigating the people by talking about an economic crisis but the BJP was ready to fight against it.
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PML-N leader Ishaq Dar to assume charge as Pakistan's Finance minister upo
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], September 24 (ANI): Pakistan Muslim League-Nawaz (PML-N) senior leader Ishaq Dar will assume charge as the finance minister of the country replacing Miftah Ismail on Tuesday, Geo News reported.
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