Search For "financial crisis"
Growing tensions, lack of tangible results diminish appeal of China's Belt
Updated : 2 years, 10 months ago IST
Recent reports suggest that Italy is highly unlikely to renew its expiring BRI deal with China early next year. German Chancellor Olaf Scholz has expressed frustration with the BRI and warned of a looming financial crisis.
Read More
Ex-Pak PM Imran Khan arrested: Here's all you need to know
Updated : 2 years, 10 months ago IST
Pakistan, a country often referred to as a "failed state", is now looking at a stark future with financial crisis and political instability after the arrest of ex-Prime Minister of Pakistan, Imran Khan today outside the Islamabad High Court.
Read More
Pakistan: Punjab govt stops arrears, time scale payments to employees, off
Updated : 2 years, 10 months ago IST
Pakistan's Punjab government has stopped all types of arrears, and time scale payments to employees and officers due to the severe financial crisis and for the preparation of the new budget, Pakistan-based English language newspaper Pakistan Today reported.
Read More
Pakistan: Financial crisis affects many primary projects
Updated : 2 years, 10 months ago IST
Islamabad has often struggled to fund important initiatives related to its international missions. In the past, there have been reports concerning difficulties encountered by Pakistani embassies in releasing salaries that have been overdue for several months. It routinely fails to pay salari
Read More
Pakistan-China Economic Partnership stalled
Updated : 2 years, 10 months ago IST
The recent imposition of a USD 2.48 million fine by a Pakistan civil court on China National Petroleum Corporation for allegedly violating the contract signed with the Petroleum Exploration (Pvt.) Ltd. has again brought forth the increasing economic mistrust between the two countries accentu
Read More
Pakistan: Khyber Pakhtunkhwa caretaker govt reaches edge of default amid f
Updated : 2 years, 11 months ago IST
Currently, Khyber Pakhtunkhwa has only PKR 13 billion in its provincial kitty. The Finance Department has refused to give salary and pension for the month of April in advance on account of Eid to government employees.
Read More
Sitharaman participates in event on Sri Lankan debt issues on sidelines of
Updated : 2 years, 11 months ago IST
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman participated in the high-level meeting on Sri Lanka's debt issues on the sidelines of the International Monetary Fund (IMF)- World Bank (WB) Spring Meetings.
Read More
India, Japan collaborating to put Sri Lanka on sustainable growth trajecto
Updated : 2 years, 11 months ago IST
Pathfinder Foundation proposed a medium and long-term strategy for the economic transformation of Sri Lanka going through a financial crisis with Indo-Japanese collaboration.
Read More
Cash-strapped Pakistan struggling to pay international airlines
Updated : 2 years, 12 months ago IST
The IATA, which represents some 300 airlines comprising 83 per cent of global air traffic, said USD 290 million were stuck in Pakistan as of January, which increased by almost a third since December.
Read More
President Biden says American banking system remains safe following collap
Updated : 3 years ago IST
"Small businesses across the country that had accounts at Silicon Valley Bank and Signature Bank can breathe easier knowing they'll be able to pay their workers. It won't cost taxpayers a dime. This is paid for with the fees that banks pay into Deposit Insurance Fund," said Biden.
Read More
US Treasury Secretary Yellen rules out bailout for bankrupt Silicon Valley
Updated : 3 years ago IST
"And the reforms that have been put in place mean that we're not going to do that again. But we are concerned about depositors and are focused on trying to meet their needs," she added.
Read More
US lender Silicon Valley Bank fails after run on deposits
Updated : 3 years ago IST
The bank's failure is the second-largest in US history, and the largest since the financial crisis of 2008, NYT said.
Read More