Search For "economic crisis"
People's purchasing power has collapsed in PoK and GB: Activist
Updated : 1 year, 11 months ago IST
Amjad Ayub Mirza, a political activist from Pakistan-occupied Kashmir (PoK), stressed on Friday that the situation in the region is getting worse by the day, adding that the people's buying power has collapsed.
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China's real estate crisis: Shanghai-based property giant Shimao Group fac
Updated : 1 year, 11 months ago IST
Amid the real estate crisis in China, another Shanghai-based property giant Shimao Group said on Monday that it had received a liquidation petition from a Chinese state-owned bank.
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World Bank asks Pakistan to adopt National Fiscal Policy amid bailout talk
Updated : 1 year, 11 months ago IST
This is now expected to be made part of the next International Monetary Fund programme that Pakistan Finance Minister Muhammad Aurangzeb will be discussing with the lender next week in Washington on the sidelines of World Bank-IMF spring meetings, Dawn reported.
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Pakistan faces challenge of economic reforms amid weak coalition governmen
Updated : 1 year, 11 months ago IST
Amid the staggering economic crisis, Pakistan's biggest challenge now is fiscal consolidation and reforms amid a weak coalition government and political instability stemming from accusations of electoral fraud, the Washington-based Institute of International Finance (IIF) has said, Dawn repo
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Pakistan government hikes petrol price by PKR 9.66 per litre
Updated : 1 year, 11 months ago IST
After this new hike, the price of petrol surged to PKR 289.41 per litre from the previous PKR 279.75, while the price of high speed diesel (HSD) decreased by PKR 3.32 to PKR 282.24 per litre.
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Pakistan: More misery for masses as petrol price likely to rise by PKR 10
Updated : 1 year, 11 months ago IST
The petrol price is likely to jack up to Pakistani currency (PKR) 289.69 per litre in the next fortnightly review from the current price of PKR 279.75 per litre, as per the estimates of the oil industry.
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Pakistan to seek fresh IMF bailout package of over USD 8 billion
Updated : 1 year, 12 months ago IST
The country is expected to seek a fresh IMF bailout package of over USD 8 billion with the possibility of augmentation through climate finance on the occasion of upcoming spring meetings of Breton Wood Institutions, known as the IMF/World Bank, scheduled to be held in Washington, DC, from Ap
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Pakistan assures IMF not to allocate additional budget for China-Pakistan
Updated : 1 year, 12 months ago IST
The outstanding dues of power projects of China-Pakistan Economic Corridor (CPEC) alarmingly increased to a record PKR 493 billion or USD 1.8 billion as of end January. The amount was PKR 214 billion or 77 per cent higher than June last year.
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Pakistan President Zardari declares salary waiver amid economic crisis
Updated : 2 years ago IST
Pakistan President Asif Ali Zardari announced on Tuesday his decision to forgo his salary while in office, citing the economic challenges faced by the country.
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Pakistan PM Shehbaz Sharif vows to eliminate IMF dependency
Updated : 2 years ago IST
Amid the economic crisis, Pakistan Prime Minister Shehbaz Sharif vowed to get his country out of foreign debt, declaring that the country would get rid of the International Monetary Fund (IMF), Geo News reported.
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Pakistan braces for high prices as fruit, vegetable costs surge before Ram
Updated : 2 years ago IST
According to the report, the country already records a two- to three-fold inflation in the prices of essential kitchen items, including vegetables, sugar, edible oil, ghee, meat, eggs, and pulses.
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China faces critical moment in push to revive economy: Report
Updated : 2 years ago IST
Amid falling growth rate, low business sentiment and international investors pulling out amid the crisis-stricken property market, subdued export earnings and crackdowns on private industry, China is currently facing a critical moment to revive its economy, Al Jazeera reported citing the ana
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