Search For "economic crisis"
Amid worsening economic crisis, Pakistan's debt surges by PKR 4,304 billio
Updated : 1 year, 2 months ago IST
The domestic debt rose by PKR 4,556 billion during the period, while foreign debt decreased by PKR 251 billion, according to ARY News.
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Sri Lanka hails India's support in economic recovery, debt restructuring;
Updated : 1 year, 2 months ago IST
Sri Lankan President Anura Kumara Dissanayake said, "We faced an unprecedented economic crisis some two years ago and India supported us immensely to come out of that quagmire. It has also helped us immensely after that, especially in the debt-free structuring process."
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Pakistan faces shocking 850 per cent surge in gas prices as inflation soar
Updated : 1 year, 3 months ago IST
The Pakistan Bureau of Statistics (PBS) revealed a staggering 850 per cent increase in gas prices over the past four months, with electricity tariffs also surging under the IMF program. Rising costs of essential commodities, including sugar and palm oil, further drive inflation. Meanwhile, t
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PoGB activist Hassan Askari highlights 'economic crisis' endured by reside
Updated : 1 year, 3 months ago IST
Social activist Hassan Askari has said that the inflation in the region has skyrocketed in the past two years, witnessing a rise of 400-500 per cent.
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Amid global economic crisis, RBI hikes its gold reserve to 855 metric tonn
Updated : 1 year, 4 months ago IST
Amid the ongoing global crisis India's total gold reserves held by the Reserve Bank of India (RBI) stand at 854.73 metric tonnes, according to the latest report by the central bank.
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Karachi faces surge in unemployment amid economic crisis
Updated : 1 year, 5 months ago IST
Karachi, Pakistan's largest city, is experiencing a troubling rise in unemployment amid an economic crisis characterised by food shortages, currency devaluation, and soaring inflation. Citizens express growing frustration as job losses mount and living conditions deteriorate.
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BRICS+ nations are better prepared to manage future economic challenges th
Updated : 1 year, 5 months ago IST
The BRICS+ group of countries are better placed to fiscally combat any future major economic crisis, as the countries in the BRICS+ group have a lower debt-GDP ratio, highlighted a report by Ernst & Young, an international consultation firm.
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Anura Kumara Dissanayake wins 2024 Sri Lanka Presidential Election
Updated : 1 year, 5 months ago IST
Anura Kumara Dissanayaka, the 55-year-old leader of the leftist Janatha Vimukthi Peremuna party, has been declared the winner of the election, according to the Election Commission of Sri Lanka.
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Anura Dissanayake to be Sri Lanka's new president, early trends show
Updated : 1 year, 5 months ago IST
As per the last trends, Dissanayake has got 49.8 per cent votes while Sajith Premadasa, leader of Samagi Jana Balawegaya, got 25.8% of the votes, followed by the incumbent president and leader of the United National Party, Ranil Wickremesinghe, who mustered 16.4% of the votes.
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Wickremesinghe and Rajapaksa cast votes in crucial Sri Lankan election
Updated : 1 year, 5 months ago IST
President Ranil Wickremesinghe and presidential candidate Namal Rajapaksa participated in the 2024 Sri Lankan presidential election today, urging citizens to make their voices heard. This election is pivotal as the nation recovers from the 2022 economic crisis. A total of 38 candidates are v
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Economy on centre stage, as Sri Lanka set to vote today in first polls sin
Updated : 1 year, 5 months ago IST
The crisis, which led to widespread food and fuel shortages, prompted Sri Lanka's President Gotabaya Rajapaksa to flee the country in 2022. The economic policy of Rajapaksa, followed by the onset of the Covid pandemic, is believed to have led to the worst economic crisis in the island nat
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Sri Lanka to hold Presidential election on Saturday
Updated : 1 year, 5 months ago IST
Sri Lankans head to the polls this Saturday to choose the country's 10th president, marking the nation's first presidential election since the devastating economic crisis of 2022
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