Search For "economic crisis"
Milk prices surge as economic crisis contributes to inflation in Karachi
Updated : 1 year, 8 months ago IST
As Pakistan continues to grapple with economic challenges that, in return, are contributing to inflation in the country, the cost of various essential products, including milk, has also gone up, putting the brunt on the people.
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'Pakistan government least bothered by people's plight, it just wants to e
Updated : 1 year, 8 months ago IST
The financial planning of Pakistan at a time when the country is grappling with a massive economic crisis, clearly shows that the federal government is "least bothered" with the plight of the people and just wants to take the easy route and enjoy the ride for however long it is in power.
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Public outrage over high taxes in Pakistan for IMF bailout
Updated : 1 year, 9 months ago IST
There is widespread anger in Pakistan towards the government over the significant tax hikes that the authorities have levied to boost state revenues with an aim to achieve approval for an International Monetary Fund's (IMF) bailout to prevent another economic crisis in Pakistan.
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Centre sanctions Rs 21,253 cr to tackle Kerala's economic crisis
Updated : 1 year, 9 months ago IST
Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar took to social media platform X to announce financial support from the Centre to Kerala.
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Pakistan's skyrocketing inflation pushes its people into deeper economic c
Updated : 1 year, 10 months ago IST
In the worsening conditions, the people of Pakistan are barely holding on to things.
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Pakistan PM Shehbaz Sharif orders privatisation of all state-owned enterpr
Updated : 1 year, 10 months ago IST
Chairing a review meeting on matters related to the Ministry of Privatization and Privatization Commission in Islamabad, the prime minister said apart from strategic state-owned enterprises, all other enterprises, whether profitable or loss-making, will be privatised.
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Pakistan: People struggle to manage essentials for survival amid inflation
Updated : 1 year, 10 months ago IST
As the purchasing power of a common man in Pakistan nosedives, people are now struggling to manage daily needs as they face the challenge of skyrocketing inflation and severe unemployment.
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Afghanistan Economic Crisis: Special market for women shuts down due to no
Updated : 1 year, 10 months ago IST
The situation of women in Afghanistan under the Taliban rule continues to deteriorate, as in yet another case, the "Khadijah Al-Kubra" market, specifically for women in Mazar-e-Sharif city, has been closed due to the non-payment of shop rents, Khaama Press reported citing sources on Monday.
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Gold price in Pakistan hits record high
Updated : 1 year, 10 months ago IST
Amid the economic crisis in Pakistan, the rate for 10-gram gold has climbed to an all-time high of Pakistan currency (PKR) 216,221, while one tola gold (12.5 gram) has now touched PKR 252,200 on Saturday, Dawn reported.
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China's tech sector faces stagnation as government policies tighten grip
Updated : 1 year, 10 months ago IST
According to Xiang, a rising number of economists are questioning whether China's Gross Domestic Product (GDP) will ever surpass that of the US as the country grapples with declining momentum.
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Pakistan government borrows record PKR 5.5 trillion from banks, PKR 650 bn
Updated : 1 year, 10 months ago IST
The State Bank of Pakistan (SBP) data showed that the government's borrowing from commercial banks reached a record PKR 5.5 trillion from July 1, 2023 to April 5, 2024. This is against PKR 2.95 billion in the same period last fiscal year.
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IMF projects Pakistan's fiscal gap to widen to 7.4pc of GDP
Updated : 1 year, 11 months ago IST
Projecting stagnant tax-to-GDP ratios over the next five years, the IMF estimated the figure, which is almost 1 per cent higher than 6.5 per cent target set by the federal government.
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