Tag: crisis
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What to expect from the upcoming budget 2022-23
Pakistan is escalating efforts in order to revive the stalled loan from International Monetary Fund (IMF) programme, as the prerequisites are steadily being completed. The revival of the bailout will provide much-needed relief in order to keep Pakistan’s economy afloat and avoid default as Pakistani currency has plummeted 9 per cent in the last month,…
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Govt considering gas import contract with countries including Russia
Pakistan is in talks with multiple countries, including Russia, to sign a liquefied natural gas (LNG) import agreement in order to alleviate the country’s ongoing energy supply crisis. According to Bloomberg, the Ministry of Energy will go for the ‘most favourable deal’ and is considering government-to-government contracts for importing the gas. This action came as…
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Govt bans import of ‘luxury items’ to fight economic crisis
For the first time in Pakistan, luxury or non-essential commodities have been completely banned in the country to help the nation emerge from its financial crisis. Minister of Information Marriyum Aurangzeb confirmed the economic strategy established by the federal government on Thursday. The Information Minister stated that this is an emergency situation and Pakistanis will…
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SBP determined to curb inflation, improve foreign exchange reserves
In a recent interview, the Governor of the State Bank of Pakistan (SBP), Dr. Reza Baqir expressed concern over the continuous deterioration in foreign exchange reserves but remained optimistic that a renewal of loans will be witnessed in the near future, which, coupled with SBP’s initiatives, will enhance market confidence. He claimed that the decline in…
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VIDEO: Reporter asks Biden’s spokesperson to show ‘evidence’ that Russia is starting a war in Ukraine
United States (US) State Department Spokesperson Ned Price was questioned by Associated Press (AP) reporter Matt Lee about the evidence behind US officials’ belief that Russia intended to release an elaborate propaganda video on Ukraine in order to justify beginning a war. A heated argument between the two [Price and Lee] can be heard in…
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VIDEO: ‘PM Imran’s killer smile is enough for any doubts in crises,’ says Zartaj Gul
Minister of State for Climate Change Zartaj Gul Wazir, who is known for making statements that leave people in fits, has showered praise on Prime Minister (PM) Imran Khan for having a charismatic personality and killer smile. “If we talk about the body language of PM Imran Khan, I think he is the finest charismatic…