The trader community in Pakistan has been struggling to stay afloat as the administration has been imposing heavy taxes on every essential commodity because of an ongoing economic crisis.
The president of the cantonment trader body, Mansoor Bagh, stated on Sunday that they could no longer afford the excessive rent increase as they were already struggling due to the ongoing economic crisis, inflated electricity bills, and high taxes
The report showed that Pakistan's map was red on the performance indicators of education learning outcomes and public financing. For many, this issue is viewed as even more critical than the economic crisis.
SLPP General Secretary Sagara Kariyawasam told reporters on Monday, that the SLPP decided, by majority, to nominate its own candidate at the election in September.
A reinvigorated opposition trying to end the 25-year rule by the United Socialist Party with the promise to end the decade-long economic crisis that forced 7 million people to migrate from the country.
As Pakistan continues to grapple with a severe economic crisis, its residents also continue to endure some of the worst financial turmoil on a daily basis.
According to the latest Pakistan Bureau of Statistics (PBS) weekly report, the annual inflation rate has surged to 23.59 per cent. The report highlights increases in prices for 29 essential items over the past week, while five items maintained stable prices and 17 experienced price reduction
As the purchasing power of the common citizens in Pakistan dwindles, people are now struggling to afford items of daily needs. They are facing the challenges of skyrocketing inflation and severe unemployment.
Kenya, known as East Africa's one of the more economically developed and politically stable countries, experienced protests where demonstrators expressed their anger against President William Ruto, demanding his resignation due to the introduction of the Finance Bill 2024, which included tax
Ranil Wickremesinghe said, "Having now survived two difficult years, I must acknowledge that this was possible because India gave us a loan of $3.5 billion."