Search For "pakistan economic"
Pakistan's economic misery aiding terrorism and religious fanaticism
Updated : 3 years, 1 month ago IST
About 40 per cent of the people are below the poverty line in Pakistan. Poverty is the most fertile breeding ground for terrorism as evidenced in the country. Many of the misled suicide bombers who offered their services to the Jihadi organizations were prompted to do so due to frustration,
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Soaring inflation hits Pakistanis hard during Ramzan
Updated : 3 years, 1 month ago IST
During every Ramzan inflation increases by 500 per cent and this has not changed in the last 75 years. The rise of inflation during Ramzan in Pakistan is very strange because, in countries where the Muslim population is one per cent or even less, the governments supply up to 75 per cent reli
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Pakistan economic crisis continues as IMF bailout not in sight, Saudi Arab
Updated : 3 years, 1 month ago IST
"There is a very slim chance that Pakistan may be able to win Saudi Arabian support for the resumption of its IMF programme, but if it does, this will be a temporary respite," analyst Mosharraf Zaidi wrote in The News International last week. Saudi under Crown Prince, Prince Mohammed bin Sa
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Pakistan economic crisis: Civil Defence Official among 11 booked for steal
Updated : 3 years, 2 months ago IST
An investigation revealed that Omair Nawaz was in charge of the record of tokens being issued to recipients of bags. He confessed to embezzling 7,000 to 8,000 tokens, resulting in a loss to the national exchequer to the tune of Pakistani Rs. 5 to 6 million.
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Pakistan's politicians are failing their most vulnerable people
Updated : 3 years, 2 months ago IST
No attempt was made to reduce wasteful government spending or energy usage. No attempt was made to win back external creditors who have dumped Pakistani assets, unnerved by highly irresponsible comments from key policymakers. Promises made to the IMF were broken and wild accusations were hur
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World Bank says Pakistan urgently needs foreign loans to avoid "public deb
Updated : 3 years, 2 months ago IST
The World Bank in its flagship report 'Pakistan Development Update' warned Pakistan regarding serious dangers to its economic and debt viability while predicting almost flat economic growth.
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Domestic cotton production in Pakistan declines to four decade low of 4.9
Updated : 3 years, 2 months ago IST
As per Dawn, ginning data shows that the cotton harvest declined by a hefty 34 per cent this year from 7.44 million bales the previous year, mainly because of the catastrophic summer floods in Sindh and southern Punjab where this industrial crop is mostly grown.
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Pakistan: Chaos erupts outside flour distribution centre in Peshawar as po
Updated : 3 years, 2 months ago IST
Chaos erupted outside a flour distribution centre in Peshawar after police fired tear gas shells at the crowd, Dawn reported.
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Pakistan battling its worst economic crisis this Ramazan
Updated : 3 years, 2 months ago IST
An increasing number of enterprises are either scaling down operations or closing production mainly for the scarcity of imported raw materials. Dozens of businesses have served notices of production suspension. Restriction on imports of raw materials to improve the trade balance amounts to c
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Pakistan waiting for China's decision on its request for rollover of loan
Updated : 3 years, 2 months ago IST
Such a rollover is critical for Pakistan, whose foreign exchange reserves have fallen to four weeks' worth of imports at a time when it is seeking a $1.1 billion IMF bailout tranche.
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Amid reeling economic crisis, Pakistan faces shortage of live-saving drugs
Updated : 3 years, 2 months ago IST
Amid the depreciating value of the Pakistani Rupee and shortage of foreign exchange reserves, Pakistan faces a critical shortage of live-saving drugs, Pakistan based The News International reported citing local media.
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Food prices skyrocket in Pakistan, reeling economic crisis to blame
Updated : 3 years, 2 months ago IST
Food prices in Pakistan continue to soar as the South Asian country is under a massive grip of economic crisis. The surge in prices has skyrocketed amid the ongoing month of Ramadan, Geo News reported.
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