Pakistan is gripped by a major economic crisis, with the rupee plummeting, inflation soaring and energy in short supply as IMF officials visit to discuss a vital cash injection. Prime Minister Shehbaz Sharif for months held out against the tax rises and subsidy slashing demanded by the International Monetary Fund, fearful of backlash ahead of elections due in October.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Israeli drone strike kills at least three Palestinians in Jenin

At least three Palestinians have been killed in Israeli drone strikes on…

Putin hails stronger-than-ever ties between Moscow and Beijing

Russian President Vladimir Putin told Chinese leader Xi Jinping that relations between…

Trump says Hamas ready for ‘lasting peace,’ demands Israel stop bombing Gaza

US President Donald Trump has said that he believed Hamas was ready…

Israeli army issues order for Gazans in Khan Younis to move west

The Israeli army has issued an order for people in areas in…