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Chinese officials blamed the West for Pakistan’s economic crisis, [104] and state media continues to talk about the strengths of the China-Pakistan Economic Corridor. [105] “Only China has given a full plan. From this perspective, it is the Western world that ‘abandoned’ Pakistan, and China is the one that extended a helping hand.
Pakistan is in an economic crisis, with dwindling foreign currency reserves that will be further strained by a $1 billion bond payment due in two months, while its $3 billion funding programme ...
Pakistan's economy remains under severe strain due to a debt crisis, with the country facing challenges in repaying $1.2 billion in outstanding payments. [27] In Pakistan, inflation maintains its upward trajectory, as indicated by the most recent official data, which shows a year-on-year increase of 35.4% in the consumer price index for March 2023.
The 2024 Azad Kashmir protests were a series of six day long protests, sit-ins, shutter-downs, demonstrations and wheel-jam strikes starting on 8 May against the Federal Government of Pakistan and the Government of Azad Kashmir, calling for lower prices for wheat, flour, and electricity, in addition to other demands.
Negotiations on a new government in Pakistan have allayed immediate fears of instability in the nuclear-armed nation following inconclusive elections last week, but the risk of a full-scale ...
In response to the wheat crisis, the Kissan Ittehad Pakistan announced that thousands of farmers would participate in nationwide protests beginning May 10. [7] [8] The protest is aimed at the government's inability to purchase harvested wheat at the announced minimum support price of Rs 3,900 per millet. 40 kg. [9]
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The International Monetary Fund approves a $7 billion loan for Pakistan to help its economy, with $1 billion being disbursed immediately and the rest in instalments over 37 months. [ 135 ] 26 September – Eight militants are killed in a military raid in North Waziristan.