Economic Crisis
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'Withdrawal restrictions, currency shortage': Lebanese protesters try to storm Beirut headquarters

The protest was called for by retired soldiers and depositors who have had limited access to their savings after local banks imposed informal capital controls amid the crisis.

published on : 22nd March 2023
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IMF bailout just beginning of long, more difficult journey: Sri Lankan President Wickremesinghe

Sri Lanka defaulted on its $46 billion foreign debt last April after nearly exhausting its foreign exchange reserves, making it almost impossible for importers to source vital goods.

published on : 22nd March 2023
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Sri Lanka bailout conditional on tackling corruption: IMF

The International Monetary Fund approved its long-delayed rescue programme on Monday after China, the South Asian nation's biggest bilateral lender, offered debt relief assurances.

published on : 21st March 2023
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Pakistan seeks US help to secure 'lenient treatment' from IMF 

Pakistan's economy is in dire straits. The foreign exchange reserves fell to a critically low level of USD 2.9 billion a few weeks ago.

published on : 14th March 2023
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US President Biden proposes to double economic support fund to cash-strapped Pakistan

The State Department’s budgetary proposal plans to give Pakistan USD 82 million for fiscal 2024, beginning in October, The support was USD 39 million in 2022.

published on : 10th March 2023
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The fall and fall of Pakistan

Islamist policies, political and military corruption, and a terrorism problem of its own creation has brought India’s rogue neighbour to the brink of destruction  

published on : 5th March 2023
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Pity thy neighbour?: Pakistan economic crisis

Pakistan is going through its worst crisis in the last few decades. Their economy is crumbling, and their Forex reserves are said to last for only three more weeks.

published on : 1st March 2023
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Pakistan government halts clearance of bills, salaries amidst economic crisis: Report

Pakistan's foreign exchange reserves, which fell to a critically low level of USD 2.9 billion a few weeks ago, have now risen closer to USD 4 billion.

published on : 25th February 2023
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Economic crisis: How Sri Lanka sleepwalked over a debt cliff

Sri Lanka's economic crisis and sovereign default were the result of long-lasting fiscal indiscipline, weak institutions, lack of transparency and accountability and short-sighted economic policies.

published on : 25th February 2023
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'Unable to make ends meet': Crumbling Pakistan economy puts children's futures on hold

Father and daughter walk to work each day to save on transport costs -- a familiar story in Pakistan, where millions of families are feeling the brutal effects of an economy on the brink of collapse.

published on : 24th February 2023
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Pakistan government orders Foreign Office to slash missions abroad as part of austerity measures: Report 

In a directive titled "Rationalisation of Foreign Mission Abroad" issued by the Prime Minister's Office on Tuesday, Sharif also demanded a well-considered proposal/plan from the foreign ministry.

published on : 22nd February 2023
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The bluff and bluster of a bankrupt nation    

The Frankenstein that Pakistan fed and nurtured has begun to devour it, even targeting those in uniform.

published on : 20th February 2023
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No deal as 'cash-strapped' Pakistan fails to reach consensus with IMF on bailout package

Pakistan's economy is in dire straits, stricken by a balance-of-payments crisis as it attempts to service high levels of external debt amid political chaos and deteriorating security.

published on : 10th February 2023
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IMF says 'considerable progress' made as Pakistan visit ends

"Considerable progress was made during the mission on policy measures to address domestic and external imbalances," the IMF statement said.

published on : 10th February 2023
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Cash-strapped Pakistan reaches deal with IMF over stalled bailout package

The two sides discussed all aspects of the ailing economy of Pakistan and the fund insisted on tough conditions, including an increase in electricity and gas prices and raising new taxes.

published on : 10th February 2023
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The begging bowl syndrome and Pakistan

The people’s new-found fury is no longer aimed at just the political class but increasingly, the all-powerful Army.

published on : 9th February 2023
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European economy in crossfire as US-China economic rivalry intensifies

The IRA has sent chills down the spines of European leaders, who fear the generous support will encourage firms to shift production to the United States.

published on : 4th February 2023
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Pakistan 'will have to agree' to IMF conditions for bailout: PM

Pakistan's economy is in dire straits, stricken by a balance of payments crisis as it attempts to service high levels of external debt, amid political chaos and a deteriorating security situation.

published on : 3rd February 2023
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Pakistan economic crisis: Oppn may create hurdles in govt's decisions, says IMF

Cash-strapped Pakistan and the IMF are currently in talks for the completion of a programme review for a bailout package.

published on : 1st February 2023
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Supporting grassroots entrepreneurs is essential to revitalising Sri Lankan economy

The government should think of making macro-level interventions and adopt robust policy measures that it has never tried before.

published on : 26th January 2023
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