According to the World Bank, Pakistan's poverty levels shot up from 34.2% to 39.4% since last year, showing that its economic model is unable to ease its poor economic conditions.
Porter also highlighted policy missteps in Pakistan, such as "shortages from constraints on the functioning of the FX market", that have stalled the country's economic growth.
The economic growth figure for the 20 countries that use the euro currency was revised down from zero to minus 0.1% for the fourth quarter of 2022.
Raheem, a member of the Muslim minority party, All Ceylon Makkal Congress, was elected to Parliament in August 2020.
Chaudhry of Pakistan Tehreek-e-Insaf had been detained under the Maintenance of Public Order regulation in the wake of violent protests by the supporters of his party following Imran Khan's arrest last week, and had filed a petition for acquittal in the Islamabad High Court (IHC).
In four industrial sectors of Karachi and the countrywide auto vending units, stakeholders claimed that “over 5,00,000 people have faced joblessness.”
The "patch-up" between the two warring parties was broken by Jamaat-e-Islam (JI) chief Sirajul Haq, who held separate meetings with Sharif and PTI chief Khan on Saturday.
Shahbaz-Mariam fail...Imran will also go to jail!
Although his Russia tour was the first visit by a Pakistani premier to Moscow in the past 23 years, Khan could not broker any deal that could give relief to the cash-strapped country.
The local unit, in the interbank market, closed at 287.29 against the US dollar, 0.78 per cent or Rs 2.25, down from Monday’s close of 285.04.
Pakistan, currently in the throes of a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.
Sri Lanka Foreign Minister further said that India took bold decisions to help them and provided about 3.9 billion worth of bilateral credit and accreditation.
PSL 8: Pakistan is battling an economic crisis and is on the verge of bankruptcy. This has brought PSL 8's future under severe doubt and the Pakistan Cricket Board is planning to counter the issues and ensure that the league carries on smoothly
Pakistan Economic Crisis Updates: बस कुछ देर पहले पाकिस्तान के वजीर-ए-आजम Shehbaz Sharif ने बहुत बड़ा एलान कर दिया। ऐसा समझिए पाकिस्तान किश्तों में बिकने लगा है।
Pakistan's economic crisis: According to IMF data, China holds roughly USD 30 billion of Pakistan’s USD 126 billion in total external foreign debt. However, Beijing said it stands with Islamabad in its difficult time.
The situation in Pakistan is very bad at the moment. It seems as if the whole country is in the grip of civil war. Imran Khan, who was the Prime Minister of Pakistan till 10 months ago, is about to go to jail today.
Pakistan Economic Crisis: A saying fits perfectly for the situation in Pakistan, Ghar me nahi dane, Amma chali bhunane. Amma is Shehbaz Sharif here. The country itself is poor, to avoid bankruptcy, it is sitting in front of the IMF with a bowl.
Pakistan Economic Crisis: The IMF mission led by Nathan Porter began talks on January 31 with the Pakistan side headed by Finance Minister Ishaq Dar for the ninth review of the USD 7 billion assistance package.
Pakistan Economic Crisis: Pakistan has reached the verge of bankruptcy. Its foreign reserves have come down to $3.09 billion. Pakistan doesn't even have money left to repay the loan. Maulana Saad Rizvi is the chief of Pakistan's party Tehreek-e-Labbaik. Saad Rizvi says that Pakistan does not need to
Pakistan's oil companies have warned Pakistan's Shahbaz government that if help is not received in a few days, Pakistan's oil industry will collapse.
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