Search For "financial crisis"
Pak: Financially struggling PIA forced to ground Boeing 777 aircraft
Updated : 2 years, 4 months ago IST
Pakistan International Airlines (PIA) is grappling with a dire financial crisis, resulting to grounding of several Boeing 777 aircraft due to insufficient funds for maintenance, as reported by ARY News on Friday.
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Pakistan: Poor people returning to villages as living costs surge in citie
Updated : 2 years, 4 months ago IST
Pakistan's $350 billion economy is in meltdown with low growth, a weak currency and spiralling prices. The pain is being felt most keenly by those living on low incomes in cities. Some have decided that the only answer is to leave or to send their families back to their home villages, where
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Forbes names Joy Alukkas as India's Richest Jeweller
Updated : 2 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 14: Joy Alukkas, Chairman and Managing Director of Joyalukkas Group has become the richest Jeweller in India according to the latest 'Forbes List of India's 100 Richest 2023'. Joy Alukkas was ranked as the 50th wealthiest Indian as per the Forbes list. H
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"It has never been an easy relationship": EAM Jaishankar on China
Updated : 2 years, 5 months ago IST
“I was the ambassador in 2009, right after the global financial crisis, till 2013. I saw the change of guard in China, and then I came to the US. It has never been an easy relationship. It always had its share of problems,” Jaishankar said at the ‘Discussion at Council o
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"Policies are heavily influenced by vested interests of military...": Worl
Updated : 2 years, 5 months ago IST
The country director for the World Bank in Pakistan, Najy Banhassine said in an overview of reforms for a brighter future: Time to Decide, “Policy decisions are heavily influenced by strong vested interests, including those of military, political and business leaders.”
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Karachi University teachers boycott classes over non-payment of arrears
Updated : 2 years, 5 months ago IST
Amid the economic crisis in Pakistan, the Karachi University Teachers Society (KUTS) announced it would stage a strike for an indefinite period from Friday over the non-payment of dues, reported Geo News.
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Pakistani people frustrated over PIA's privatization amid nationwide finan
Updated : 2 years, 5 months ago IST
Amid a severe financial crisis plaguing Pakistan on multiple fronts, frustration among the population has reached its peak as the government has decided to privatize the country's national carrier, Pakistan International Airlines (PIA).
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Pakistan International Airlines starts partial suspension of flights amid
Updated : 2 years, 5 months ago IST
Pakistan International Airlines has started partial suspension of both its domestic and international flights amid the ongoing fiscal crunch, The Express Tribune reported on Saturday.
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Pakistan's unemployed figure to reach 5.6 million this year
Updated : 2 years, 5 months ago IST
According to the ILO estimates, Pakistan’s employment-to-population ratio in 2023 fell well below its pre-crisis trend line at 47.6pc, while the number of unemployed persons is expected to reach 5.6m — a surge of 1.5m since 2021.
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Pakistan Airlines cancels several flights amid financial crisis
Updated : 2 years, 6 months ago IST
Amid a major financial crisis, Pakistan International Airlines (PIA) cancelled several domestic and international flights, ARY News reported on Thursday.
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Pakistan International Airlines risks grounding 15 planes amid financial c
Updated : 2 years, 6 months ago IST
Pakistan International Airlines (PIA) is at risk of grounding 15 planes as it is yet to clear dues worth up to Rs 20 billion, Geo News reported.
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India, Singapore defy declining global wealth trend, why?
Updated : 2 years, 6 months ago IST
India was one of few countries which experienced a wealth increase and along with Russia, Mexico and Brazil saw the largest wealth expansion.
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