Surprisingly, debt is consuming an ever-greater amount of the tax revenue needed to keep schools open, provide electricity and pay for food and fuel.
Khan was taken to the garrison city of Rawalpindi, near Islamabad, for questioning at the offices of the National Accountability Bureau. However, the reason did not calm down Khan's staunch supporters from ravaging the country and public properties.
In four industrial sectors of Karachi and the countrywide auto vending units, stakeholders claimed that “over 5,00,000 people have faced joblessness.”
Prime Minister Shehbaz Sharif issued a rain alert, asking disaster management authorities to remain vigilant to ensure the safety of the people.
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.
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.
Despite this, the World Bank report said India was one of the fastest-growing economies in the world despite significant challenges remaining in the global environment.
According to a report by Pakistani English Daily, the incident happened when the family members of a private firm gathered to collect free flour on Friday. Notably, this is the second such incident within a week.
Notably, the Biden administration hosted the Summit virtually today but did not send invitations to China and Turkey-- two of its closest allies.
Today those who spread terror are craving for every grain. The people of Pakistan are asking for flour and when flour arrives in the city, there is loot. See in this report
A subsidy of Rs 50 per litre was part of a relief package and it would be available to those who own motorcycles, rickshaws, 800cc cars, and other small vehicles, Sharif told a meeting held to review the relief package for the vulnerable groups.
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.
Pakistan, which is currently grappling with high external debt and a weak local currency, is desperate to purchase cheap crude at discounted rates from Russia.
Pakistan has received $700 million from the China Development Bank to boost the country's foreign exchange reserves, which have been strained by external debt. The deposit is expected to provide relief to Pakistan, which is struggling with the pandemic and repayment obligations.
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.
It is worth mentioning that the index scores 180 countries and territories around the world based on perceptions of public sector corruption, using data from 13 external sources.
The finance minister refuted the so-called intelligence and media reports which had speculated that the prices would be increased by a minimum of Rs 50 per litre.
This year, India's invitation to Islamabad is considered crucial amid the fact that both nations had exchanged a series of heated arguments at the United Nations and the latter experiencing the worst-ever economic turbulence.
Pakistan economic crisis: Pakistan is considering different proposals, including slashing the salaries of government employees by 10 per cent across the board, according to a media report on Wednesday, amidst the looming economic crisis in the cash-strapped country.
Pakistan's capital city of Islamabad and the Khyber Pakhtunkhwa province was the most affected cities as oil marketing companies reduced their import.
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