Tue, 21-Oct-2025

PM commends coalition govt’s efforts in resolving economic crisis

PM

He emphasized that all coalition government parties had united to ensure economic stability. PM pledged to reduce government expenses to break the cycle of seeking financial aid. He criticized the PTI government for halting projects initiated by former PM Nawaz Sharif. Prime Minister Shehbaz Sharif stated that despite the most difficult period in history, the … Read more

To combat country’s economic crisis, a 10% salary cut is being considered

salary cut

Due to dwindling foreign exchange reserves, Pakistan is facing one of its worst economic crises in recent memory. In light of the impending economic crisis in the cash-strapped nation, a report in the media on Wednesday stated that Pakistan is considering a variety of proposals, one of which calls for slashing the salaries of government … Read more

Fawad Chaudhry expresses concern over rising inflation

Fawad
  • PTI leader said that the inflation rate has reached the highest level.
  • He said surprisingly there is no response of people on economic disaster.
  • Musrrat Jamshed Cheema said food is also getting out of the reach of people.

ISLAMABAD: Leader of Pakistan Tehreek-e-Insaaf(PTI) Fawad Chaudhry has said that despite the country’s economic collapse, it is surprising that there is no public response.

In his message on Twitter, former federal minister Fawad Chaudhry expressed his views on the country’s economic crisis and rising inflation.

He has said that the inflation rate has reached the highest level in the history of Pakistan with an increase of 31 percent and there is a danger that if protests start in the country without any leadership, who will stop this chaos.

Fawad Chaudhry said that people have shown patience even in this situation, surprisingly, there is no response after this economic disaster.

Earlier, former federal minister Fawad Chaudhry criticized the current government and said in one of his statements that “If it is left for another eight months, they will not let the vests remain on the bodies of the people.”

On other hand, the Spokesperson of the Chief Minister and Punjab Government Musarrat Jamshed Cheema has said that there is a flood of unemployment in the country and the rulers are playing the flute.

In her Twitter message, Spokesperson Musrrat Jamshed Cheema said that every day a new industry or factory is closing down in Pakistan and food is also getting out of the reach of the common man. She said the people of Pakistan will not forget this cruelty to the country.

She said that the people are suffering under the burden of inflation and poverty, while the children of the ruling group are being acquitted by the courts, so is bankrupting Pakistan a part of the mission of the regime change operation.

[embedpost slug=”imran-khan-decides-to-further-consult-on-proposal-for-resignations”]

Read more

Sri Lanka President Gotabaya Rajapaksa escapes country

Gotabaya Rajapaksa

President Gotabaya Rajapaksa has fled Sri Lanka on a military jet. The 73-year-old man flew to the Maldives with his wife and two security guards. As per reports, he will move to a third country instead of staying in the Maldives. President Gotabaya Rajapaksa has fled Sri Lanka on a military jet in the midst … Read more

Sri Lanka president asks Russia’s Vladimir Putin for help to buy fuel

Sri Lanka

Sri Lanka is experiencing its greatest economic crisis in more than 70 years. President Gotabaya Rajapaksa claims he has urged Russian President to help import fuel. Sri Lanka’s energy minister recently warned that the nation would soon run out of gasoline. Sri Lanka is reportedly in its greatest economic crisis since gaining independence from Britain … Read more

Argentina’s economy minister makes sudden exit

Argentina

Argentina is grappling with a weak currency and rising food and energy prices worldwide. Martin Guzmán was chief negotiator for Argentina’s debt restructuring with the IMF. His resignation raises doubts about Argentina’s economic strategy as a result of internal conflict. Martin Guzmán, Argentina’s minister of the economy, has resigned as the nation’s economic crisis worsens. … Read more

Senior U.S. Officials Visit Sri Lanka to Assist in Crisis Resolution

Sri Lanka

Senior U.S. officials visit Sri Lanka in an effort to identify ways to assist the island nation. Sri Lanka is facing an unprecedented economic crisis and severe shortages of key commodities. Prime Minister Ranil Wickremesinghe declared that the economy had “collapsed”. Senior U.S. officials have arrived in Sri Lanka in an effort to assist the … Read more

Bankrupt Sri Lanka allows women to work overseas

sri lanka women

Sri Lanka’s minimum age for women working abroad reduced from 23 to 21. Sri Lanka is experiencing its greatest economic crisis since independence. Remittances from Sri Lankans working abroad have long been a significant source of foreign money for the country, bringing in approximately $7 billion each year. COLOMBO: The minimum age for women in … Read more

Sri Lanka seeks UN help on food shortages

Sri Lanka

Sri Lanka seeks UN assistance to build a stockpile of essential foods. Around half of Sri Lanka’s rice production was lost last year. The government has since defaulted on its $51 billion foreign debt. Cash-strapped Sri Lanka is seeking urgent UN assistance to build a stockpile of essential foods the prime minister’s office said Friday … Read more

Crisis-hit Sri Lanka is fighting short-term inflation

sri lanka

Sri Lanka raised gasoline and transportation costs on Tuesday, a long-awaited measure to address the country’s crippling economic crisis, but the increases are likely to aggravate the country’s already-high inflation, at least in the short term. In a statement on Twitter, Power and Energy Minister Kanchana Wijesekera warned that gasoline prices will jump by 20% … Read more

Sri Lanka: CID interrogates four MPs about protester attacks

sri lanka

Four Members of Parliament (MPs), including two former ministers, have been questioned by Sri Lanka Police’s Criminal Investigation Department (CID) over last week’s violence against protestors at two demonstration sites in Colombo, the country’s main city, according to local media. According to sources, a CID team arrived at the Parliament Complex on Wednesday to question … Read more

Sri Lanka’s embattled president escapes censure motion

Sri Lanka

Sri Lanka’s beleaguered president avoided a censure motion On Tuesday after his fractured coalition rallied to postpone a resolution blaming him for the country’s worst economic crisis. The shaky coalition of Gotabaya Rajapaksa voted against taking up the unprecedented “displeasure of parliament” motion. The main opposition Tamil party, the Tamil National Alliance, proposed the non-binding … Read more

Sri Lanka’s Speaker ask President convene Parliament immediately

sri lanka

COLOMBO: Sri Lankan Parliament Speaker Mahinda Yapa Abeywardana today requested that embattled President Gotabaya Rajapaksa convene the House as soon as possible to discuss the current situation, which includes unprecedented violence and widespread protest against the government over the country’s worst economic crisis in decades, a media report said. According to Serjeant-at-Arms Narenda Fernando of … Read more

Protesters take to the streets in Sri Lanka as the country faces economic crisis

Sri Lanka

In Sri Lanka, pro- and anti-government protestors have gone to the streets as the country’s economic crisis worsens. Following criticism of the government’s handling of the crisis, Prime Minister Mahinda Rajapaksa resigned. Authorities deploy tear gas and physical force to disperse demonstrators. Earlier, Sri Lanka’s Prime Minister Mahinda Rajapaksa has surrendered in the midst of … Read more

Sri Lankan PM resigns from public pressure amid economic crisis

Sri Lankan PM resigns from public pressure amid economic crisis Sri Lanka’s Prime Minister Mahinda Rajapaksa has surrendered in the midst of mass fights at the public authority’s treatment of a developing financial emergency. The move came as the island was put under a time limit after vicious conflicts between Rajapaksa allies and government dissenters … Read more

Sri Lanka have gone strike to demand that govt resign

sri lanka

COLOMBO: Sri Lanka’s bus and train networks were shut down, and businesses and industries were shuttered as part of a statewide strike calling for the government’s resignation as the island’s economic situation worsened. Months of outages and severe shortages of food, gasoline, and medications have caused extensive devastation across the South Asian island country. The … Read more

Italy PM urges ‘stronger’ EU that spreads east

Italy

Italian Prime Minister Mario Draghi on Tuesday stated the EU wishes to emerge stronger from the historic challenges thrown up by way of the struggle in Ukraine, which includes by way of increasing eastwards. The conflict, he advised the European Parliament in Strasbourg, changed into “a safety, humanitarian, electricity and economic crisis all rolled into one” that … Read more

Crisis-hit Sri Lanka hikes medicine prices

Sri Lanka

Cash-strapped On Saturday, Sri Lanka announced a 40% price increase for dozens of regularly used medicines, as the island nation struggles to recover from its worst economic crisis in decades. Months of lengthy blackouts and acute shortages of food, fuel and pharmaceuticals have sparked widespread protests calling for the government’s resignation. Hospitals have already cancelled … Read more

Although there is a new government in place, the economic problem is still present.

KARACHI: The economy is stuck in a vicious cycle, with a balance of payments crisis every few years. Despite the fact that the administration has changed, the economic issues have not changed. The economic issues are exacerbated by currency exchange rate volatility, a growing current account deficit, and fiscal challenges at a time when political … Read more

Sri Lankan shares plunge as Buddhist leaders call for resignation

sri lanka

COLOMBO: The stock market in Sri Lanka halted trading Monday after a nearly 13% drop, as the island’s beleaguered government faces new pressure from influential Buddhist leaders to resign. The country’s 22 million residents are suffering from the worst economic crisis since 1948, with months of regular blackouts and severe food and fuel shortages. The … Read more

Sri Lanka students mob PM’s home over economic crisis

Sri Lanka

Thousands of Sri Lankan university students gathered on Prime Minister Mahinda Rajapaksa’s home on Sunday, calling for his resignation as the island nation’s economic crisis worsened. Months of long blackouts, record inflation, and severe food and fuel shortages have fueled rising public discontent in Sri Lanka, which is experiencing its worst economic collapse since 1948. … Read more

Sri Lankan leader pares down family cabinet

sri lanka

COLOMBO: Sri Lanka’s leader dropped two of his brothers and a nephew from his cabinet Monday, following public anger over the governing family’s treatment of a debilitating economic crisis and calls for his resignation. Presiding over the island nation’s most painful downturn in memory, President Gotabaya Rajapaksa is preparing to meet with the International Monetary … Read more

Sri Lanka healthcare on the brink of collapse amid economic crisis

Sri Lanka Crisis

Doctors in Sri Lanka report that hospitals are running out of crucial medications and supplies as the country’s economic situation intensifies. They fear a public health disaster if foreign assistance does not arrive quickly. “Day by day, resources are depleting. If we reach zero, I’m not sure what would happen,” Dr Gnanasekaram worries. As secretary … Read more

Worsening crisis threatens Sri Lanka’s foreign debt

Sri Lanka

Sri Lanka has announced a temporary default on its foreign obligations in the midst of the country’s greatest economic crisis in more than 70 years. Officials stated that the pandemic’s impact and the Ukraine crisis made payment to creditors “impossible.” Massive protests have erupted in the South Asian country as a result of food shortages, … Read more

IMF says more work needed for Lebanon deal

imf

WASHINGTON: After two weeks of talks, the IMF has said it has advanced efforts to secure an aid program to help Lebanon overcome its “unprecedented and complex” economic crisis, but more work is needed. The country will need fiscal reforms that ensure it can manage its debt load as well as measures to establish a … Read more

Sri Lanka calls for diaspora investment on independence day

sri lanka

COLOMBO: Sri Lanka marked its independence day on Friday with an appeal to its diaspora to send money home to overcome the island’s worsening economic crisis and a pledge to protect foreign investments. President Gotabaya Rajapaksa urged millions of Sri Lankans abroad to invest their savings in their home country, which is facing its worst … Read more

Venezuela: The fall of an oil empire

oil

PUERTO CONCHA: Leaks, rusted pipes, pieces of broken equipment scattered about and staircases leading nowhere: Lake Maracaibo’s oil field is a metaphor for Venezuela’s once-flourishing petroleum industry that is now on its knees. More than a century ago, the Maracaibo basin in northwestern Zulia state was the birthplace of a business that transformed the country … Read more

Debt in developing economies

economic

WASHINGTON: In 2016, the discovery of two large, previously unreported loans sparked an economic crisis in Mozambique. Donor support to the country froze. The government was forced to make deep cuts in public spending. More recently, when Chad and Zambia asked to restructure their debt under the G-20’s Common Framework for Debt Treatments, they ran … Read more