Category: PAKISTAN NEWS

“Inflation So High, Cannot Earn Enough”: Pakistan Battles Economic Crisis

Written on February 2, 2023 in PAKISTAN NEWS

Karachi: Inflation has risen to a 48-year excessive in crisis-hit Pakistan, the place the Worldwide Financial Fund is visiting for pressing talks, in accordance with knowledge launched on Wednesday by the nation’s statistics bureau. 12 months-on-year inflation in January 2023 was recorded at 27.55 %, the very best since Could 1975, with hundreds of containers…

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PM Shehbaz expects China to ‘significantly’ cut electricity tariff for Pakistan

Written on February 2, 2023 in PAKISTAN NEWS

Prime Minister Shehbaz Sharif. addresses Okay-3 inauguration ceremony. — Geo.television/YouTube screengrab Prime Minister Shehbaz Sharif expressed on Thursday the hope that China will “considerably” slash the electrical energy tariff for Pakistan to assist the nation cope with its ongoing financial and electrical energy crises. Pakistan might be delighted to attain the “very best pricing mechanism”…

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CSS 2023 test paper sparks debate on social media

Written on February 2, 2023 in PAKISTAN NEWS

— Twitter The Federal Public Service Fee (FPSC) has sparked a heated debate on social media on the very first day of the 2023 Central Superior Providers (CSS) examination for asking college students to put in writing an essay on “boys shall be boys”. The CSS examination is taken into account to be Pakistan’s topmost aggressive…

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Pakistan seeks cash bailout as its financial woes deepen after political turmoil and devastating floods | World News

Written on February 2, 2023 in PAKISTAN NEWS

Pakistan is in talks to launch of $1.1bn (£890m) of money from the Worldwide Financial Fund (IMF) to assist ease its monetary disaster. Pakistan’s financial woes are a fruits of years of political turmoil, a monetary disaster and last year’s catastrophic floods, with its reserves solely in a position to cowl three weeks – slightly…

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Fawad Chaudhry gets bail in sedition case

Written on February 2, 2023 in PAKISTAN NEWS

PTI chief Fawad Chaudhry speaking to the media after being launched on February 1, 2023. Screengrab of a Twitter video. ISLAMABAD: A further periods court docket in Islamabad on Wednesday accepted the bail of Pakistan Tehreek-e-Insaf (PTI) Senior Vice President Fawad Chaudhry in a sedition case. The previous minister — who’s dealing with sedition charges…

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Is terrorism returning to Pakistan?

Written on February 2, 2023 in PAKISTAN NEWS

Earlier this week, a suicide blast ruptured the relative calm that had returned to Pakistan in recent times. The assault at a mosque within the northwestern metropolis of Peshawar killed more than 100 people and shocked many Pakistanis who thought the times of such horrific suicide bombings have been lengthy behind them. Whereas Monday’s assault…

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IMF Rejects Pakistan’s Revised Circular Debt Management Plan: Report

Written on February 2, 2023 in PAKISTAN NEWS

The IMF has known as the revised CDMP “unrealistic”. (Representational) Islamabad: The Worldwide Financial Fund (IMF) evaluate mission has rejected Pakistan’s revised Round Debt Administration Plan (CDMP). It has known as on the Pakistan authorities to extend the electrical energy tariff within the vary of Pakistani Rupees (PKR) 11-12.50 per unit to limit the extra…

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