Tag: Pakistan economic crisis

$5 billion investment pledged for oil, gas exploration in Pakistan: Shehbaz Sharif

July 7, 2024 admin

Pakistan’s Prime Minister Shehbaz Sharif. | Photo Credit: REUTERS Pakistan is expected to get an investment of $5 billion over the next three years from local and international firms for the exploration and development of petroleum and gas reserves that will save the cash-strapped country’s valuable foreign exchange and provide relief to the common man…

World

Protests in PoK consequence of Pakistan’s policy of systemic plundering of resources: India

May 17, 2024 admin

Security personnel cordon off a street during a protest by demonstrators of the Jammu Kashmir Joint Awami Action Committee on the outskirts of Muzaffarabad, the capital of Pakistan-occupied Kashmir on May 13, 2024. | Photo Credit: AFP India on May 17 said the protests witnessed in several parts of Pakistan-occupied Kashmir (PoK) are a “natural…

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Pakistan to privatise all state-owned firms, except strategic enterprises: PM Sharif

May 14, 2024 admin

Pakistan’s Prime Minister Shehbaz Sharif. File | Photo Credit: Reuters Cash-strapped Pakistan will privatise all state-owned enterprises, including the loss-making Pakistan International Airlines, Prime Minister Shehbaz Sharif announced on May 14, broadening the government’s initial plans to make only loss-making state firms private. The announcement to privatise state-run enterprises barring strategic ones comes a day…

Business

Cash-Strapped Pakistan PM Shehbaz Sharif Bans Red Carpets At Official Events To Cut Costs

March 31, 2024 admin

A ban has been imposed on the use of red carpet on Pakistan PM Shehbaz Sharif’s directives Islamabad: Pakistan Prime Minister Shehbaz Sharif has banned the use of red carpets at government events, reserving them exclusively for diplomatic receptions, as part of austerity measures to cut down unnecessary expenditures in the cash-strapped nation. Sharif expressed…

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