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economic crisis

World

Problems mount for Pakistan International Airlines, losses touch PKR 600 Billion, unable to operate a single day without funds from the national kitty

OpIndia Staff -
Pakistan International Airlines was unable to pay USD 50 million in navigation charges to Saudi Arabia, leading to potential disruptions in its operations after June 30, 2023.
News Reports

Pakistan economic crisis: Inflation hits record-high 36.42% in April, highest in South Asia

OpIndia Staff -
Pakistan's economic crisis continues to deepen as its YoY inflation hit its highest-ever level of 36.42 per cent in April.
News Reports

Pakistan economic crisis: Country’s central bank raises key rate by 100 basis points to record 21% amid crippling inflation

OpIndia Staff -
The State Bank of Pakistan (SBP) raised its key interest rate by 100 basis points to a record 21 per cent on Tuesday.
News Reports

Flour being sold in ‘black market’ as Pakistan’s Punjab govt stops subsidy during Ramzan amid severe economic crisis

ANI -
After stopping the selling of subsidised flour, the Punjab government increased the rate of those subsidized bags of a 10-kilogram from Rs 648 to Rs 1150. 
News Reports

Flour distribution related violence leaves five injured in Pakistan’s Punjab

ANI -
In Shorkot, there was a heavy rush of free flour seekers located at the Government Elementary School in Shorkot Cantt. The scuffle occurred between policemen and the people, leading to a stampede-like situation.
World

Free flour quota in Pakistan’s Dera Ghazi Khan division insufficient to meet demands

ANI -
In one place where the demands are not met, in other places, there rush of people at the centres that are leading to stampedes and ultimately death of people. 
News Reports

Pakistan: More clashes, injuries and deaths in the month of Ramzan amidst severe food crisis in the country

OpIndia Staff -
Protests and brawls against the scarce supply of free wheat flour on Tuesday were witnessed at various places in Peshawar.
News Reports

Pakistan economic crisis: Ramzan flour bag distribution leads to stampede

ANI -
People are forced to risk their lives to gain something as basic as wheat, which should be guaranteed by the government. 
World

‘No funds even to conduct elections,’ Pakistan’s Defence Minister Khawaja Asif shares the severity of the country’s financial troubles

OpIndia Staff -
the Minister explained that the Election Commission of Pakistan (ECP) postponed them due to the deteriorating security situation and difficult economic conditions in the nation
News Reports

Ramzan in Pakistan: No cooking gas to make sehri or iftar, 1 person dies in stampede for Atta

OpIndia Staff -
Natural gas disappeared from people’s stoves in Pakistan, as soon as the Ramzan moon was sight­ed, as per reports.
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