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economic crisis

Pakistan economic crisis: Ramzan flour bag distribution leads to stampede

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

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

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

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

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

Economic crisis in Pakistan results in a shortage of life-saving medicines

Pakistan Medical Association (PMA) called for the intervention of the government to prevent the situation from turning into a disaster.

11 top American banks rescue ‘vulnerable’ First Republic Bank with a contribution of $30 billion after the collapse of two banks

First Republic Bank underwent a liquidity crisis after customers moved billions of deposits out of the bank in distress.

Poverty stricken Pakistan to face tougher Ramzan over skyrocketing prices, chicken consumption becomes weekly affair for many

Amid severe economic crisis, prices of food times have increased by at least 50% in Pakistan and because of loan conditions, government is not even in position to subsidise them for the middle class and poor.

Amid deepening economic crisis, Pakistan hikes luxury import tax to secure IMF deal

In an effort to secure IMF deal, Pakistan hiked taxes on a number of luxury goods and upscale services.

Pak PM Shehbaz Sharif flexes ‘nuclear’ muscle against India even as his country faces worst economic crisis

Even as Pakistan struggles with food, power, fuel amid severe economic crisis, their PM Shehbaz Sharif cannot stop obsessing over India.

Supporting terrorism and bad policies are to blame for Pakistan’s economic catastrophe: Report

A confluence of decades of poor policy has led to current economic disaster of Pakistan, according to Asian Lite

Pakistan: Oil industry on verge of collapse, largest refinery shuts for a week amid severe economic crisis

Pakistan is facing unprecedented economic crisis with people running riots over shortage of basic necessities like flour.

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