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During the government of Pakistan Tehreek-e-Insaf (PTI) increasing double-digit inflation led to growing political issues and deteriorating economic conditions. [22] [23] During the PTI period, Pakistan's total debt and liabilities increased by 80% while during three quarters of Fiscal Year 2021-22 the trade deficit rose 70% to $35.4 billion. [24]
The major reasons of these environmental issues are carbon emissions, population explosion, and deforestation. [ 2 ] These are serious environmental problems that Pakistan is facing, and they are getting worse as the country's economy expands and the population grows.
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.
Heavy floods in Pakistan have killed over 1,100 people and caused over $10 billion in damage since June. Here's where you can donate. Pakistan is facing major flooding and damage.
The TTP, whose stated aim is to impose Islamic religious law in Pakistan as the Taliban have done in Afghanistan, denied any role in Friday's attacks. Factbox-Major attacks in Pakistan during 2023 ...
A political and constitutional crisis emerged in Pakistan from, 3 April 2022 to 10 April 2022 when, National Assembly's deputy speaker Qasim Khan Suri dismissed a no-confidence motion against prime minister Imran Khan during a session in which it was expected to be taken up for a vote, alleging that a foreign country's involvement in the regime change was contradictory to Article 5 of the ...
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]
Two of Pakistan’s dynastic political parties have formally announced the formation of a coalition government, a move that brings an end to nearly two weeks of negotiations and likely keeps an ...