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While the people of Pakistan are already in mourning and despair owing to the current economic crisis, the current government has decided to put the last nail in the coffin and make people grieve the loss of dreams of a better living in this country. Petrol prices to meet a hike of Rs. 32.07/liter Recent […]
Fitch Ratings, the global credit rating agency, recently downgraded Pakistan’s long-term foreign currency issuer default rating (IDR) from CCC+ to CCC-. This means that Pakistan’s creditworthiness has further deteriorated, and the country is now closer to defaulting on its international debt obligations. Covid-19, Pakistan economy’s worst nightmare? The downgrade is a reflection of Pakistan’s worsening […]
After facing an immense shortage of gas during the winter season, now, Pakistanis are facing a fuel shortage making it even more difficult to survive in these harsh times. Punjab runs out of petrol As per the latest details, a large number of petrol pumps located in the Punjab area have been shut down for […]
E-commerce giant Daraz recently announced that it will soon lay off 11% of its entire workforce to cope with the extremely difficult economic conditions in Pakistan. The group fully operates in four countries – Pakistan, Bangladesh, Sri Lanka and Nepal. Daraz Managing Director to employees in Pakistan After the announcement, the Managing Director of Daraz […]
Pakistan is facing the worst economic crisis in years, which has started affecting the country’s major sectors. Adding to the extreme conditions, earlier today, Pakistan experienced a severe power outage due to a grid failure leaving the whole country in shambles. Pakistan without electricity In the early hours of the morning at 7:30 am, on […]
Pakistan is currently in the middle of a major economic crisis, forcing several businesses to shut down and local traders going berserk over the worsening conditions. “Save Timber Trade – “Give Dollars” As per official media reports, on Thursday, traders in Karachi took to the streets to put their demands forward and staged a protest […]
