Search For "economic situation"
Pak agents warn shipping lines might halt operations: Report
Updated : 3 years, 2 months ago IST
Ship agents have warned the Pakistani government that all export cargoes could stop as foreign shipping lines are considering halting their services for Pakistan after banks stopped remitting freight charges to them for lack of dollar availability, the Dawn reported.
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MQM leader Altaf Hussain warns about dire economic situation in Pakistan
Updated : 3 years, 2 months ago IST
Referring to the deep state in Pakistan, the MQM supremo said that the biggest characteristic of a corrupt ruling elite in a country is that "double standards" are enforced there.
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Chinese-invested cement industry in Nepal reaches 'drowning' stage: Report
Updated : 3 years, 2 months ago IST
Chinese-invested Hongshi Cement Industry, which is Nepal's largest cement company, has reached a stage of "drowning due to its internal disputes", EPardafas reported, adding that Nepalese investors left the board of directors after the economic situation of the industry was in crisis due to
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Pak govt has no option but to go to IMF, face humiliation: Imran Khan
Updated : 3 years, 2 months ago IST
Khan while addressing media persons in Lahore on Tuesday said: "Two families have been looting the country for 30 years. Over 750,000 Pakistanis have left the country ... there is a fear of where Pakistan is going [under the PML-N led coalition government]."
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Pakistan govt unveils energy conservation plan amid worsening economic sit
Updated : 3 years, 2 months ago IST
On Sunday, former finance minister Miftah Ismail said "if Pakistan does default, God forbid - which, I believe can be avoided - it would take six months at the minimum to recover."
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Pakistan's economic woes unlikely to resolve unless it fosters sustainable
Updated : 3 years, 2 months ago IST
According to the economic outlook, Pakistan's overall fiscal deficit stood at 1.5 per cent of GDP during July-October 2022-23 as compared to 0.9 per cent of GDP last year. The Dawn report said the fiscal deterioration was because of higher expenditure growth on the back of higher markup paym
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Finance Minister Ishaq Dar admits economic situation of Pakistan in slump
Updated : 3 years, 2 months ago IST
Despite acknowledging that there were problems with the economy, Pakistan's Finance Minister Ishaq Dar assured investors that "there is no way Pakistan is going to default."
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Pakistan Finance Minister Ishaq Dar assures country 'will not default'
Updated : 3 years, 2 months ago IST
Ishaq Dar stressed that Pakistan was on the verge of default in 2013. However, their government was able to move the country out of the crisis by using "good economic steps."
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Pakistan govt takes cost-cutting measures to address country's 'financial
Updated : 3 years, 3 months ago IST
The measures taken in view of the financial emergency include that all government vehicles used by officers (entitled) should not be given over 120 litres of fuel per month. Employees travelling out of town, city or village on official work should be given two DAs according to their grade an
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Bangladesh PM Sheikh Hasina says she accepted Awami League's leadership in
Updated : 3 years, 3 months ago IST
Bangladesh PM Sheikh Hasina on Sunday said she accepted leadership of the Awami League in view of the global economic situation, The Daily Star reported.
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Economic indicators suggest Pakistan's economic situation would worsen in
Updated : 3 years, 3 months ago IST
Pakistan's economic downfall will continue as the economic indicators point a economic crisis in near future
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RBI's central board reviews economic situation, global and domestic challe
Updated : 3 years, 3 months ago IST
The board at its meeting also reviewed global and domestic challenges including geopolitical developments, finance and trade.
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