Search results
Results from the WOW.Com Content Network
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]
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.
Karachi the economic capital of Pakistan. Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [65]