Monday, July 15, 2024

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Pakistan economy

Pakistan: Power tariff sees a massive increase of up to PKR 7.50 as the bankrupt country scrambles to meet IMF demands

Sources privy to the development told ARY News that the Pakistan government has increased the basic power tariff by Rs 3 for some customers and by Rs 7.5 per unit for some other consumers.

As the economic crisis deepens, Pakistan’s public assets are up for sale

Its plan to lease out other two international airports in Karachi and Lahore faced difficulties, mainly due to nonpayment of dues by Pakistan International Airlines and other pending dues. 

Pakistan’s economic growth rate plummets to 0.3 percent under the Shehbaz Sharif government

The government has inflicted heavy losses on the economy by devaluing the rupee and increasing the utility prices in the hope of getting a deal from the International Monetary Fund (IMF).

8,000 flour bags stolen during Ramzan amid severe economic crisis in Pakistan, four government officials booked

Pakistan has been facing severe economic crisis and various places in Pakistan are having wheat flour shortage such that government is providing subsidised flour to poor.

Pakistan: Stampede during free flour distribution leaves 11 people dead in Punjab

Police have been accused of spreading mayhem at the centres by manhandling and baton-charging people who were waiting in long queues, according to reports in Pakistani media.

Pakistanis attack their PM for being busy watching cricket while the country spirals into political chaos and economic crisis

Pakistan PM Shehbaz Sharif hailed Shaheen Afridi for his play in the PSL match amid the political and economic turmoil.

Imran Khan whines that Indian TV channels are ridiculing Pakistan for its current crisis, invokes 2-nation theory

Imran Khan said how Pakistan was created to carry forward the 'Riyasat-e-Medina', thereby invoking Jinnah's two-nation theory that Hindus and Muslims could not coexist.

China prevents Pakistan from going fully bankrupt, approves rollover of $1.3 billion loan by returning repaid amounts

Industrial and Commercial Bank of China approved an extension of a $1.3 billion loan to Pakistan by returning the amount repaid against previous loan

Pakistan’s PM directs the foreign office to cut expenses and the number of missions abroad to reduce expenditure: Report

As per Geo News, Pakistan's PM Shehbaz Sharif has asked foreign office to reduce expenditure amid looming economic crisis.

Pakistan: Milk prices rise to Pakistani Rs 210 per liter, chicken prices go past Pakistani Rs 700 per kg

Consumers in Pakistan continue to experience major price shocks, as the cash-strapped country continues to experience one of the worst economic crises in the world.

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