Pak Economic Crisis
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'Surprised To See A Nation Begging For...': Indian Navy Chief On Pak Navy
Indian Navy Chief Admiral Dinesh Tripathi on Monday expressed concerns about Pakistan getting equipment and weapon support from China saying it is very surprising how an economy that is "faltering and begging" for international assistance.
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Cash-Strapped Pak Cuts 150,000 Jobs, Dissolves 6 Ministries As Part Of IMF Deal
In an effort to minimise administrative expenditures, cash-strapped Pakistan on Sunday announced to abolish about 150,000 government posts, close six ministries, and merge two others, as part of reforms agreed upon with the IMF under USD 7 billion lo
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"Will Work Openly Like Any Man": How Pak Women Are Facing Economic Crisis
According to the United Nations, just 21 percent of women participate in Pakistan's work force, most of them in the informal sector and almost half in rural areas working in the fields.
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China, Saudi, UAE Agree To Roll Over Pak's $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout package later this month.
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Cash-Strapped Pak Bans Red Carpets At Official Events To Cut Costs
Pakistan Prime Minister Shehbaz Sharif has banned the use of red carpets at government events, reserving them exclusively for diplomatic receptions, as part of austerity measures to cut down unnecessary expenditures in the cash-strapped nation.
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Pak PM, Cabinet Ministers To Forgo Salaries Due To Economic Crisis
Pakistan Prime Minister Shehbaz Sharif and his Cabinet on Wednesday unanimously decided to forego their salaries and related benefits due to the precarious economic condition of the country.
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Pak President Asif Ali Zardari To Forgo Salary Amid Economic Crisis: Report
Pakistan President Asif Ali Zardari announced on Tuesday his decision to forgo his salary while in office, citing the economic challenges faced by the country, The Express Tribune reported.
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Pak President To Not Draw Salary During His Tenure, Cites Economic Crisis
Pakistan's newly-elected President Asif Ali Zardari on Tuesday announced that he would not draw any salary during his tenure as part of his bid to help the cash-strapped country face the challenging economic hardship.
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Pakistan Elections Tomorrow: All You Need To Know
Pakistan, which is reeling under political chaos, a resurgence of militancy and an economic crisis, will go to the national polls on Thursday.
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Pakistan Faced Worst Economic Crises In 2023: Human Rights Body
Human Rights Watch (HRW) has said that Pakistan faced one of the worst economic crises in 2023, with poverty, inflation and unemployment soaring, jeopardising millions of people's rights to health, food, Dawn newspaper reported.
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World Bank Explains Why Pakistan's Economic Development Ineffective, Limited
In the wake of the economic crisis in Pakistan, World Bank Country Director for Pakistan, Najy Benhassine said that Pak's economic development is limited to the elite which resulted in the country lagging behind its fellow countries.
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IMF Proposes Cash-Strapped Pak To Adopt Austerity In New Projects: Report
The International Monetary Fund (IMF) has reportedly proposed tight austerity conditions in Pakistan's development budget and expressed concern over the allocation of funds for new projects in the current financial year, ARY News reported.
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Imran Khan's Corruption, Bad Governance Cause Of Economic Crisis: Pak PM
Former Prime Minister Imran Khan's corruption and bad governance were the actual cause of the economic malaise in the country, Pakistan PM Shehbaz Sharif said, ARY News reported on Sunday.
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Pak Forced To Outsource Islamabad Airport Due To Forex Crisis: Report
Amid the continuously depleting forex reserves, the Government of Pakistan has been pushing for outsourcing the operations of major airports.
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"Acute Food Insecurity In Pak Likely To Rise In Coming Months": Report
Acute food insecurity in Pakistan is likely to rise in the next months if the country's economic and political turmoil intensifies, aggravating the consequences of the 2022 floods, according to a new United Nations report released on Monday, Dawn rep
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'Surprised To See A Nation Begging For...': Indian Navy Chief On Pak Navy
Indian Navy Chief Admiral Dinesh Tripathi on Monday expressed concerns about Pakistan getting equipment and weapon support from China saying it is very surprising how an economy that is "faltering and begging" for international assistance.
-
Cash-Strapped Pak Cuts 150,000 Jobs, Dissolves 6 Ministries As Part Of IMF Deal
In an effort to minimise administrative expenditures, cash-strapped Pakistan on Sunday announced to abolish about 150,000 government posts, close six ministries, and merge two others, as part of reforms agreed upon with the IMF under USD 7 billion lo
-
"Will Work Openly Like Any Man": How Pak Women Are Facing Economic Crisis
According to the United Nations, just 21 percent of women participate in Pakistan's work force, most of them in the informal sector and almost half in rural areas working in the fields.
-
China, Saudi, UAE Agree To Roll Over Pak's $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout package later this month.
-
Cash-Strapped Pak Bans Red Carpets At Official Events To Cut Costs
Pakistan Prime Minister Shehbaz Sharif has banned the use of red carpets at government events, reserving them exclusively for diplomatic receptions, as part of austerity measures to cut down unnecessary expenditures in the cash-strapped nation.
-
Pak PM, Cabinet Ministers To Forgo Salaries Due To Economic Crisis
Pakistan Prime Minister Shehbaz Sharif and his Cabinet on Wednesday unanimously decided to forego their salaries and related benefits due to the precarious economic condition of the country.
-
Pak President Asif Ali Zardari To Forgo Salary Amid Economic Crisis: Report
Pakistan President Asif Ali Zardari announced on Tuesday his decision to forgo his salary while in office, citing the economic challenges faced by the country, The Express Tribune reported.
-
Pak President To Not Draw Salary During His Tenure, Cites Economic Crisis
Pakistan's newly-elected President Asif Ali Zardari on Tuesday announced that he would not draw any salary during his tenure as part of his bid to help the cash-strapped country face the challenging economic hardship.
-
Pakistan Elections Tomorrow: All You Need To Know
Pakistan, which is reeling under political chaos, a resurgence of militancy and an economic crisis, will go to the national polls on Thursday.
-
Pakistan Faced Worst Economic Crises In 2023: Human Rights Body
Human Rights Watch (HRW) has said that Pakistan faced one of the worst economic crises in 2023, with poverty, inflation and unemployment soaring, jeopardising millions of people's rights to health, food, Dawn newspaper reported.
-
World Bank Explains Why Pakistan's Economic Development Ineffective, Limited
In the wake of the economic crisis in Pakistan, World Bank Country Director for Pakistan, Najy Benhassine said that Pak's economic development is limited to the elite which resulted in the country lagging behind its fellow countries.
-
IMF Proposes Cash-Strapped Pak To Adopt Austerity In New Projects: Report
The International Monetary Fund (IMF) has reportedly proposed tight austerity conditions in Pakistan's development budget and expressed concern over the allocation of funds for new projects in the current financial year, ARY News reported.
-
Imran Khan's Corruption, Bad Governance Cause Of Economic Crisis: Pak PM
Former Prime Minister Imran Khan's corruption and bad governance were the actual cause of the economic malaise in the country, Pakistan PM Shehbaz Sharif said, ARY News reported on Sunday.
-
Pak Forced To Outsource Islamabad Airport Due To Forex Crisis: Report
Amid the continuously depleting forex reserves, the Government of Pakistan has been pushing for outsourcing the operations of major airports.
-
"Acute Food Insecurity In Pak Likely To Rise In Coming Months": Report
Acute food insecurity in Pakistan is likely to rise in the next months if the country's economic and political turmoil intensifies, aggravating the consequences of the 2022 floods, according to a new United Nations report released on Monday, Dawn rep
