Search For "economic meltdown"
Pakistan sees economic meltdown with investors fleeing as state policies s
Updated : 4 months, 2 weeks ago IST
What was once dismissed as temporary instability has evolved into a systemic breakdown driven by excessive taxation, erratic policies, and state dominance over private credit and enterprise, as reported by The Express Tribune.
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China's economic meltdown exposes cracks in CCP rule as fourth plenum open
Updated : 4 months, 3 weeks ago IST
According to The Epoch Times, while the state-run Xinhua News Agency boasted of "remarkable progress" under the ongoing 14th Five-Year Plan, analysts and economists stated that these assertions bear little resemblance to reality. Xu Zhen, a veteran financial expert, described the past five y
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Pakistan: Talks in progress to 'quickly reach agreement on financial suppo
Updated : 2 years, 8 months ago IST
Ahead of the economic meltdown in Pakistan, International Monetary Fund's Mission Chief to Pakistan, Nathan Porter has said that discussions with Pakistani authorities are underway "with the aim of quickly reaching an agreement on financial support from the IMF", reported Geo TV.
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Pak economic meltdown results in shortage of life-saving medicines
Updated : 2 years, 12 months ago IST
In a statement issued here on Thursday, the PMA said that it had already warned the government that the failure to open letters of credit (LC) for the import of raw materials would result in an acute shortage of medicine.
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Pakistan standing at a decisive point: Imran Khan
Updated : 3 years ago IST
He further said that the ruling government's intent is to put him in jail and then conduct elections, so that they face no opposition. Khan also questioned why Rangers were deployed outside his residence.
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Pakistan may head towards bankruptcy: report
Updated : 3 years, 1 month ago IST
Pakistan is running out of money and at the same time the country is witnessing a spike in food prices, on a path to bankruptcy.
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Lebanon on verge of becoming failed state amid economic, political, social
Updated : 3 years, 6 months ago IST
Nicosia [Cyprus] September 12 (ANI): Lebanon is facing a full economic meltdown and is virtually on a precipice economically, politically and socially. Although it cannot yet be described as a failed state, it is on the verge of becoming one.
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Sri Lanka crisis sends warning signals to debt-ridden Pakistan
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 15 (ANI): The economic meltdown in Sri Lanka triggering unrest and unprecedented political upheaval has sent alarm bells ringing in the Indian Ocean region and the loudest among them is in Pakistan, according to foreign policy analysis.
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Pak Interior Minister slams Imran Khan for 'faulty policies' over IMF deal
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], July 3 (ANI): As the political tiff between previous and former governments in Pakistan remain sustained, Interior Minister Rana Sanaullah slammed the Pakistan Tehreek-e-Insaf (PTI) for its faulty policies over the billion-dollar IMF deal and the country's economic melt
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Sri Lanka's low tax regime causes adverse spillover effects over economy
Updated : 3 years, 9 months ago IST
Colombo [Sri Lanka], May 31 (ANI): Due to the introduction of a low tax regime in 2019 followed by the impact of COVID-19 on the country's revenue, Sri Lanka's economic outlook continues to be in a vulnerable state as the Island nation is facing the worst economic meltdown in its history.
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Amid economic crisis, Sri Lankan PM calls for policy decisions based on ex
Updated : 3 years, 9 months ago IST
Colombo [Sri Lanka], May 26 (ANI): Amid Sri Lanka's economic meltdown, Prime Minister Ranil Wickremesinghe has elucidated the need to make policy decisions based on an export-oriented economy.
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Ramayana fame Ashok Vatika faces financial crunch amid Sri Lankan crisis
Updated : 3 years, 10 months ago IST
Nuwara Eliya [Sri Lanka], May 17 (ANI): Amid the ongoing crisis in Sri Lanka, Ashok Vatika of the Ramayana fame located in Nuwara Eliya of the island nation, which is also known as Sita Amman Temple, is facing the financial crunch.
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