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US State Department Counselor Derek Chollet expressed concerns about debt owed to China by Pakistan and other countries during his visit to Islamabad. Pakistan, which has been historically close to Washington, has turned to China for support as it grapples with a severe economic crisis, marked by soaring inflation and critically low foreign exchange reserves. …
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In an effort to overcome the crises faced by Pakistan, Foreign Minister Bilawal Bhutto-Zardari called for all political parties to come together and form a consensus on a code of conduct for resolving issues and moving forward. Speaking at the golden jubilee celebrations of the Constitution of 1973 at Parliament House, Bilawal shared that the …
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The business crisis in Karachi is one of the most pressing issues of our time. The local shopkeepers and other small businesses are facing unprecedented challenges due to the increasing taxes, electricity bills, gas shortages, and the closure of many industries. Pakistan Economic crisis impact and tsunami of inflation This has led to a decrease …
Pakistan has been facing an economic crisis in recent years, which has been exacerbated by high levels of inflation. Inflation is the sustained increase in the general price level of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and …
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