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Tag: Pakistan economic crisis

Indian Navy Chief Admiral Dinesh Tripathi On Pak Navy

Posted on October 14, 2024 By admin
Indian Navy Chief Admiral Dinesh Tripathi On Pak Navy

Indian Navy Chief asserted that by 2047 Indian Navy will be a full ‘Atmanirbhar’ force. New Delhi: Indian Navy Chief Admiral Dinesh Tripathi on Monday expressed concerns about Pakistan getting equipment and weapon support from China saying it is very surprising how an economy that is “faltering and begging” for international assistance could muster the…

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Nation

Cash-Strapped Pak Cuts 150,000 Jobs, Dissolves 6 Ministries As Part Of IMF Deal

Posted on September 29, 2024 By admin
Cash-Strapped Pak Cuts 150,000 Jobs, Dissolves 6 Ministries As Part Of IMF Deal

Islamabad: In an effort to minimise administrative expenditures, cash-strapped Pakistan on Sunday announced to abolish about 150,000 government posts, close six ministries, and merge two others, as part of reforms agreed upon with the IMF under USD 7 billion loan deal. The International Monetary Fund on September 26 finally gave a nod to the assistance…

Read More “Cash-Strapped Pak Cuts 150,000 Jobs, Dissolves 6 Ministries As Part Of IMF Deal” »

World

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

Posted on July 7, 2024 By admin
 billion investment pledged for oil, gas exploration in Pakistan: Shehbaz Sharif

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…

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World

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

Posted on May 17, 2024 By admin
Protests in PoK consequence of Pakistan’s policy of systemic plundering of resources: India

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…

Read More “Protests in PoK consequence of Pakistan’s policy of systemic plundering of resources: India” »

World

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

Posted on May 14, 2024 By admin
Pakistan to privatise all state-owned firms, except strategic enterprises: PM Sharif

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…

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Business

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

Posted on March 31, 2024 By admin
Cash-Strapped Pakistan PM Shehbaz Sharif Bans Red Carpets At Official Events To Cut Costs

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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