Tag: Economic crisis
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Economic situation worse than expected, subsidies not feasible: Finance Minister
In the midst of Pakistan’s ongoing battle with rising prices, the country’s interim Finance Minister, Shamshad Akhtar, issued a strong warning on Wednesday. She pointed out that Pakistan’s economic situation is even “worse” than expected, and the government can’t afford to provide subsidies to the public due to financial constraints.
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Taxes in your electricity bill: What Pakistanis are paying and what for?
Find out all the taxes power consumers in Pakistan are paying through their monthly electricity bills.
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Hungry man calls 15 for food; police helps
Malik Tahseen Raza has reported in Dawn News that police received a call on the 15 emergency number from a man in dire need of help. The man told the police that his family had nothing to eat in the past two days, adding that he is at the verge of committing suicide. The caller,…
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Load shedding and unbearable hike in electricity prices hit Pakistani homes and businesses
Pakistan is facing an ongoing and unbearable increase in electricity tariffs, causing hardships for the majority of the population. The government justifies these price hikes by claiming they are under pressure from the International Monetary Fund (IMF) to generate more revenue. However, the tariff increase is mainly due to fuel price adjustments and high taxes…
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Will Pakistan secure IMF’s bailout? Decision expected within 48 hours
Prime Minister Shehbaz Sharif engaged in a telephonic conversation with Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), on Tuesday.
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Shell Pakistan’s parent company to exit ownership, announces sale of stake
Shell to exit ownership in Pakistan
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‘When will Pakistan meltdown?’ Question shocks Pak minister, might approach China for help
Pakistan is actively exploring alternative measures to prevent a full-fledged eruption of its balance of payment crisis, as the International Monetary Fund (IMF) continues to prolong the revival of the already-delayed $6.5 billion bailout programme. According to The News, Pakistan may have no choice but to turn to China to devise a mechanism for rescuing…
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Petrol price expected to decrease by Rs10 per litre for the next fortnight
The prices of petroleum products are expected to decrease starting from May 16, as the coalition government intends to provide some relief to the distressed public amidst the severe economic crisis and record inflation.
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Pak Suzuki follows Atlas Honda’s lead, raises motorcycle prices amid economic crisis
In the midst of Pakistan’s economic crisis, the country’s automobile industry is struggling to stay afloat. One of the major players in the two-wheeler market, Pak Suzuki Motors, has recently increased the prices of its motorcycles due to the continuous devaluation of the rupee. This comes as no surprise since Pakistan’s auto industry heavily depends…
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Pakistan’s IMF bailout programme revival delayed: blame game between Pakistani authorities and IMF
Pakistani authorities and the International Monetary Fund (IMF) are blaming each other for the delay in reviving the IMF bailout programme. The IMF approved a $6.5 billion bailout package for Pakistan in 2019, of which $1.1 billion is still outstanding. However, issues related to fiscal policy adjustments have delayed the release of the funds since…