Amidst very high inflation and extremely low forex reserves, the International Monetary Fund (IMF) bailout plan for Pakistan looks dicey, unless the country makes a strong case for debt sustainability, reported Daily Times.
Emphasising the need to build solidarity networks between workers and the progressive movements, the protesters held rallies in Islamabad against rising inflation as Pakistan is witnessing its worst economic crisis, Dawn reported.
According to Jahnavi Prabhakar who authored the report, a lot is at stake for Federal Reserve now, as it considers the next rate action given the stubbornly high inflation, elevated wage growth, credit crunch scenario and uncertainty in global growth.
Reacting to the Chief Minister K Chandrasekhar Rao's statement that the newly inaugurated Telangana secretariat building was a symbol of "reformation", former member of the state's Legislative Council and BJP leader N Ramchander Rao on Sunday said a building with domes cannot be a symbol
The Pak army and military establishment have failed to maintain neutrality among the political parties and always try to become a king-maker by lodging and un-lodging political leaders from the seat of power. The military establishment often hatches conspiracy against the governments which l
Biden has announced that he will be running for a second term in office and the Ukraine war and inflation are just like the salt on the open wounds. And on top of that Biden is doubling down on his push for economic engagement with Beijing.
The Pakistan government's decision followed a months-long stand-off with importers and manufacturers, whose associations have been demanding an across-the-board 39 per cent rise, warning that the industry could otherwise collapse.
Amid a rise in inflation and a shortage of foreign exchange reserves, people in Pakistan have started to face difficulties in performing Haj, Pakistan vernacular media reported.
In its flagship World Economic Outlook report, the International Monetary Fund (IMF) projected that India would be the fastest-growing economy in the world, despite confronting considerable challenges such as financial sector turmoil, inflationary pressures, effects of the Russia-Ukraine
New Delhi [India], April 26 (ANI/PNN): Our world has seen sweeping tides of volatility since 2020. From the advent of a worldwide pandemic to geopolitical-based warfare which derailed the economy of many countries worldwide and caused chaos and unrest. A consequence of the aforementioned unr
In this regard, Priyanka Gandhi also took to Twitter and said, "Actually the people of the state are fighting the election of Karnataka - against the government with 40% commission, against the betrayal done to Karnataka, against the corruption of BJP. Congress is coming - for employment, fo
Constrained supplies of milk and wheat, coupled with a volatile international crude oil market with OPEC+ countries deciding to cut crude oil production from May 2023 are factors that may, going forward, influence the inflation trajectory in India, Ministry of Finance's Monthly Economic R