Sunday, November 17, 2024

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economic crisis

News Reports

Pakistan: More clashes, injuries and deaths in the month of Ramzan amidst severe food crisis in the country

OpIndia Staff -
Protests and brawls against the scarce supply of free wheat flour on Tuesday were witnessed at various places in Peshawar.
News Reports

Pakistan economic crisis: Ramzan flour bag distribution leads to stampede

ANI -
People are forced to risk their lives to gain something as basic as wheat, which should be guaranteed by the government. 
World

‘No funds even to conduct elections,’ Pakistan’s Defence Minister Khawaja Asif shares the severity of the country’s financial troubles

OpIndia Staff -
the Minister explained that the Election Commission of Pakistan (ECP) postponed them due to the deteriorating security situation and difficult economic conditions in the nation
News Reports

Ramzan in Pakistan: No cooking gas to make sehri or iftar, 1 person dies in stampede for Atta

OpIndia Staff -
Natural gas disappeared from people’s stoves in Pakistan, as soon as the Ramzan moon was sight­ed, as per reports.
News Reports

Economic crisis in Pakistan results in a shortage of life-saving medicines

OpIndia Staff -
Pakistan Medical Association (PMA) called for the intervention of the government to prevent the situation from turning into a disaster.
News Reports

11 top American banks rescue ‘vulnerable’ First Republic Bank with a contribution of $30 billion after the collapse of two banks

OpIndia Staff -
First Republic Bank underwent a liquidity crisis after customers moved billions of deposits out of the bank in distress.
News Reports

Poverty stricken Pakistan to face tougher Ramzan over skyrocketing prices, chicken consumption becomes weekly affair for many

ANI -
Amid severe economic crisis, prices of food times have increased by at least 50% in Pakistan and because of loan conditions, government is not even in position to subsidise them for the middle class and poor.
News Reports

Amid deepening economic crisis, Pakistan hikes luxury import tax to secure IMF deal

OpIndia Staff -
In an effort to secure IMF deal, Pakistan hiked taxes on a number of luxury goods and upscale services.
News Reports

Pak PM Shehbaz Sharif flexes ‘nuclear’ muscle against India even as his country faces worst economic crisis

ANI -
Even as Pakistan struggles with food, power, fuel amid severe economic crisis, their PM Shehbaz Sharif cannot stop obsessing over India.
News Reports

Supporting terrorism and bad policies are to blame for Pakistan’s economic catastrophe: Report

OpIndia Staff -
A confluence of decades of poor policy has led to current economic disaster of Pakistan, according to Asian Lite
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