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economic crisis

News Reports

‘Gareebi mein aata geela’ situation for Pakistan: With the country struggling to feed its people amid flour shortage, it now stares at loan default

Rukma Rathore -
Pakistan has to repay $500 million debt to a Chinese bank within 48 hours to avoid defaulting on the loan, and it has no money
News Reports

People of Pakistan share their woes on Twitter as power outage hits the country amid severe economic crisis

OpIndia Staff -
As the country plunged into darkness, the people of Pakistan have resorted to Twitter to vent their frustrations
News Reports

Millions of textile workers go jobless as textile exports dwindle in crisis-hit Pakistan

OpIndia Staff -
Over 7 million workers in the textile industry in Pakistan have been laid off due to economic crisis the country is facing
News Reports

Pakistan celebrates ‘food festival’ in Karachi amid extreme food shortage, chaos and mismanagement as people gatecrash the event

OpIndia Staff -
A food festival was organized in Karachi at a time when several other cities of Pakistan are facing food shortages and flour is being rationed and guarded by armed guards. 
World

Pakistan flour crisis: Shortage, stampedes reported from several areas, armed guards escort vans distributing flour

ANI -
Tens of thousands spend hours daily to get the subsidized bags of flour that are already short in supply in the market, according to a report
News Reports

Pakistan ‘Cutting Chai’: Federal Minister Ahsan Iqbal asks people to drink fewer cups of tea to keep economy afloat

OpIndia Staff -
"I appeal to the nation to cut down the consumption of tea by one to two cups because we import tea on loan", Pakistani Minister Ahsan Iqbal said
World

Petrol stock for single day, 15 hrs a day power cuts expected: Sri Lanka PM’s series of tweets should be cautionary tale for ‘freebie...

OpIndia Staff -
Sri Lanka is experiencing its worst economic crisis ever, with inflation hitting a record high of 17.5% in February 2022.
News Reports

Sri Lanka: Ruling party MP killed amid violent clashes, house of Rajapaksa family set on fire as island descends into chaos

OpIndia Staff -
Sri Lanka MP Amarakeerthi Athukorala killed amid violent clashes and mass protests.
World

Violent clashes erupt as Sri Lanka plunges into crisis after PM Mahinda Rajapaksa resigns amid economic crisis

OpIndia Staff -
As per reports, Rajapaksa sent his resignation to his younger brother President Gotabaya Rajapaksa. While the government has appealed to its citizens to help in the crisis, many Sri Lankans also want the President to resign.
News Reports

‘India has been an elder brother to Sri Lanka’: Former SL cricket captain Arjuna Ranatunga lauds PM Modi for assistance amid economic crisis

OpIndia Staff -
Arjuna Ranatunga slammed the Rajapaksa government for the current economic crisis bedevilling Sri Lanka
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