Economic crisis forces leading companies to suspend operations in Pakistan
In a grim turn of events, reports suggest Pakistan’s ongoing economic crisis has compelled some of the nation’s biggest auto giants to halt production. In recent days, the automotive giants Honda, Suzuki, and Toyota have announced the suspension of their operations, raising concerns among Pakistanis about the stability of the automobile industry in the country.
Honda shuts plant in Pakistan amid economic crisis
Islamabad: Honda Atlas Cars, the assembler of Honda automobiles in Pakistan, on Wednesday announced it will be shutting down the plant for the remainder of the month.
Pakistan: Industries prepare for layoff, production cut
Islamabad: Pakistan, a nation passing through the economic crisis, might witness a spike in layoffs and sharp decline in productive activities, media reports said.
Pakistan fails to pursue IMF to release $1.1 billion of bailout package ; talks to continue
Islamabad: In a big blow to cash-strapped Pakistan, the talks with IMF, to access the stalled $1.1 billion of a bail-out package, failed to make headway on Saturday, Reuters reported.
Pakistan: Medicine makers ask government to resolve pharma industry's issues, hike prices
Islamabad: The Pakistan Pharmaceutical Manufacturers Association (PPMA) has asked the government to resolve the matters related to the pharma industry, media reports said.
Economic Crisis: Despite all efforts, Pakistan fails to woo IMF
Islamabad: Pakistan and the International Monetary Fund (IMF) failed to reach a staff-level agreement after 10 days of "tough" parleys aimed at unlocking critical funds needed for the cash-strapped nation.
IMF lays 'tough conditions' to release $1.1 billion to cash-strapped Pakistan
Islamabad: The International Monetary Fund (IMF) has laid a string of “tough conditions” to bail Pakistan out of its spiralling financial crisis, Prime Minister Shehbaz Sharif said, media reported.
UN Development Programme calls for debt relief now for 54 countries
New York: Fifty-four countries that are home to more than half of the poorest people on the planet need urgent debt relief now, the UN Development Programme (UNDP) said in a paper published on Tuesday that calls for rich countries to step up.
Imran Khan, Miftah Ismail trade barbes over Pakistan economic crisis
Islamabad: PML-N and PTI leaders recently exchanged barbs as Pakistan's economy continued to struggle and even the country's rupee maintained the losing streak against the US dollar.
Pakistan: Hajj pilgrims face financial issues as govt fails to disburse promised subsidies
Islamabad: Amid dire economic condition, the incompetency of the Pakistani government is now reflecting in the hefty Hajj packages where the country’s newly formed coalition government has failed to provide subsidies to the Hajj pilgrims, media reports said.
Islamabad: The Higher Education Commission (HEC) is attempting to start an unique way to deal with the current financial crisis grappling Pakistan by asking the vice-chancellors (VCs) of the public universities to promote consumption of local drinks such as lassi and sattu as this will “increase employment and generate income for the public”.
Pakistan: After Sindh and Punjab, Islamabad limits operational hours to combat current energy crisis
Islamabad: Pakistan's capital city Islamabad will now limit their operational hours of markets, shopping malls, wedding halls and restaurants in an effort to tackle the current energy crisis, a step previously taken by other regions like Sindh and Punjab.