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Pakistan: IMF rejects proposal for Tariff adjustment, inflated power bills
Updated : 2 years, 6 months ago IST
As Pakistan continue to face economic challenges, the International Monetary Fund has made it tougher for the country to manage by rejecting the proposal for any tariff adjustment or provision of additional subsidy, Geo News reported.
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“Pakistan military, henchmen robbing the country”, says MQM supremo Altaf
Updated : 2 years, 6 months ago IST
Hitting out at the Pakistan military establishment, Muttahidda Qaumi Movement (MQM) supremo Altaf Hussain has accused them of “robbing the country” by levying ‘draconian taxes’.
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Pakistan: Amid public misery, sugar prices reach record high
Updated : 2 years, 6 months ago IST
Amid the economic crisis in Pakistan, sugar prices skyrocketed to a record high of 220 Pakistani Rupees (PKR) in the retail markets of Balochistan, ARY News reported on Sunday.
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Local transporters in Karachi raise fares after spike in fuel prices
Updated : 2 years, 6 months ago IST
Following another big spike in fuel costs, local transporters in Karachi have unilaterally increased fares by up to (PKR) 30 without consulting the authorities, ARY News reported on Friday.
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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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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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Electricity price hike: Pakistan People's Party announces to hold rally in
Updated : 2 years, 6 months ago IST
The Pakistan People's Party (PPP) has chosen to protest the elevated electricity prices on August 30 in Lahore, ARY News reported on Monday.
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Pakistan: PKR plunges to all-time low due to economic crisis
Updated : 2 years, 6 months ago IST
The Pakistani Rupee (PKR) touched a record low of Rs299.64 against the dollar in the interbank market by further sliding 0.63 per cent on Wednesday, ARY News reported.
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Pakistan witnesses downfall in productive, services sectors
Updated : 2 years, 7 months ago IST
According to the latest data, the economic downturn in Pakistan has resulted in a decline in almost all manufacturing and services sectors in the past one year and construction work has also slumped.
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Pakistan: Inflation touches 29.8 per cent amid rise in food, energy prices
Updated : 2 years, 7 months ago IST
A series of sharp rises in energy and food prices in Pakistan, pushed its weekly inflation up by 1.30 per cent and annualised inflation up to 29.83 per cent, Geo News reported on Saturday citing The News.
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Pakistan govt imposed PKR 215 billion additional taxes in budget under IMF
Updated : 2 years, 7 months ago IST
The Pakistan government had to impose additional taxes of 215 billion Pakistani Rupees (PKR) and slash expenditures by 85 billion PKR in order to strike an agreement with the International Monetary Fund (IMF), The News International reported on Saturday.
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