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Pakistan caretaker PM calls inflated electricity bills "non-issue"
Updated : 2 years, 6 months ago IST
“It is not a very serious issue, but political parties are in election mode and using it as a social cause,” the interim prime minister told senior journalists and news anchors on Friday.
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As IMF reforms kick in, inflation in Pak stays high at 27.4 per cent
Updated : 2 years, 6 months ago IST
The inflation rate for food remained high at 38.5 per cent in August, according to figures from Pakistan's statistics department, despite a minor decline from July's 28.3 per cent rate.
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Pakistan: Petrol, diesel prices continue to surge amid social unrest
Updated : 2 years, 6 months ago IST
As Pakistan continues to grapple with high electricity bills, the caretaker government on Thursday further jacked up the petrol and diesel prices by over 14 Pakistani Rupees (PKR) taking the price past 300 PKR, Geo News reported on Friday.
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How Pakistan's electricity crisis is leading to rising spectre of social u
Updated : 2 years, 6 months ago IST
The heat of inflation in electricity prices in Pakistan has been growing steeply with prices soaring, leading to social unrest in the society, and the situation will need Islamabad to undertake a number of comprehensive efforts, The News International reported.
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IMF asks for details as Pakistan plans relief in electricity bills amid pr
Updated : 2 years, 6 months ago IST
People from across Pakistan have been protesting against the rise in electricity prices for the past few days.
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Secretary Yellen to travel to India for G20 Leaders’ Summit: US
Updated : 2 years, 6 months ago IST
On her fourth visit to India in 10 months, Secretary Yellen will focus on strengthening the global economy and supporting low and middle-income countries by advancing the Multilateral Development Bank (MDB) evolution, debt restructuring, and the IMF’s Poverty Reduction and Growth Tr
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Pakistan: Traders across nation join protesters against massive hike in el
Updated : 2 years, 6 months ago IST
Amid stringent International Monetary Fund (IMF) restrictions, traders from throughout Pakistan joined protesters in a demonstration against a significant increase in electricity tariffs on Thursday, ARY News reported.
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Devaluation of Pakistani rupee fuels inflation
Updated : 2 years, 6 months ago IST
The constant devaluation of the Pakistani rupee has caused inflation and also compelled the central bank to raise the interest rates, Dawn reported.
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Pakistan caretaker govt struggling to find solution to 'electricity price
Updated : 2 years, 6 months ago IST
The development comes as the Pakistan caretaker government continues to hold talks for the third consecutive day in a bid to find ways to give relief to the protesting people.
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Pakistan's external woes to persist due to shrinking dollar inflows
Updated : 2 years, 6 months ago IST
Pakistan's external woes would continue to persist due to shrinking dollars despite agreeing to an IMF Standby Arrangement (SBA) scheme worth USD 3 billion, according to The News International.
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Experts blame grey market, IMF as rupee goes into free fall
Updated : 2 years, 6 months ago IST
As the Pakistani Rupee (PKR) goes down steadily against the US dollar, experts and stakeholders in Pakistan point fingers at the powerful grip of the grey market and the “significant interference” by the International Monetary Fund (IMF) in the country's banking and currency sectors, reporte
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Pakistan: Total foreign loans rise to USD 2.8bn in July
Updated : 2 years, 7 months ago IST
Pakistan's total foreign loans increased to USD 2.8 billion in the first month (July 2023) of the current fiscal year as a result of additional USD 2 billion time deposits from the Kingdom of Saudi Arabia (KSA) and USD 508 million in guaranteed loans from China for the Pakistan Air Force to
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