economic crisis Archives

2100 billion rupees are being paid to IPPs without generating electricity. The government’s industrial policy has also failed, which is increasing unemployment. ICCI President

On: August 26, 2024

Tagged: business-friendly, economic crisis, Islamabad Chamber, Policy inconsistencies

Ahsan Zafar Bakhtawari’s selfless services earn accolades from business fraternity ISLAMABAD ( WEB NEWS ) Ahsan Zafar Bakhtawari, President Islamabad Chamber of Commerce and Industry (ICCI) has called for business-friendly and long-term economic policies to address the current economic crisis and promote business and investment activities. He emphasized the needRead More →

Five Banks In Pakistan Report Rs 450 Billion Record Profit In 9 Months 2023 The massive banking sector profit does not indicate any economic crisis in the country which is far from the ground realities.

On: October 27, 2023

In: Banking Sector

Tagged: 9 Months Of Year 2023:, economic crisis, Five Banks In Pakistan, Meezan Bank Takes Lead, Report Rs 450 B Profit

Five Banks In Pakistan Report Rs 450 Billion Record Profit In 9 Months Of Calendar Year 2023: Meezan Bank Takes Lead ISLAMABAD ( Web News ) Pakistan’s five leading banks in Pakistan have reported a massive profit of 450 billion rupees in the first nine months of the ongoing calendar year.Read More →

Speakers call for following Quaid’s Principles to steer Pakistan out of economic crisis Jinnah had envisioned a Pakistan where people of all religions would enjoy welfare of life, rule of law, freedom of expression, and a strong economy.

On: September 16, 2023

In: Breaking News

Tagged: economic crisis, Idara-i-Nazaria-i-Pakistan, Islamabad Chamber, Quaid’s Principles, Senator Raja Zafar-ul-Haq

Speakers call for following Quaid’s Principles to steer Pakistan out of economic crisis M A Jinnah had envisioned a Pakistan where people of all religions would enjoy welfare of life, rule of law, freedom of expression, and a strong economy. Raja Zafar ul Haq Quaid-e-Azam wanted an enhanced role forRead More →

Exchange rate of dollar increase the prices of petrol and diesel. Imran Khan The interim provincial government had shut down Joint Investigation Team (JIT) formed to probe the Wazirabad attack.

On: January 28, 2023

In: Breaking News

Tagged: Chairman Imran Khan, economic crisis, Labor & salaried classes, miserable life

Zardari hatched a plot to assassinate me: ex-PM Imran claims Says lives of laboring & salaried classes made miserable due to country’s worsening economic crisis after regime change The interim provincial government had shut down Joint Investigation Team (JIT) formed to probe the Wazirabad attack. LAHORE ( Web News )Read More →

ICCI slams hike in policy interest rate to 17 percent SBP has further increased the interest rate to 17%, which will prove disastrous for business and investment activities

On: January 24, 2023

In: Commerce and Industry

Tagged: economic crisis, High prices electricity- gas, Islamabad Chamber, State Bank of Pakistan, Vietnam 6%and India 6.25%

ICCI slams hike in policy interest rate to 17 percent ISLAMABAD ( Web News ) Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) said that due to the current economic crisis and high prices of electricity, gas and petroleum products, the business community is already facing greatRead More →

The crises were “deliberately manufactured”. “It is not a natural crisis.” Chairman PTI "Due to the decision of one person, the PTI-led government was toppled and the crisis started," Imran Khan

On: January 21, 2023

In: Breaking News

Tagged: Chairman Imran Khan, economic crisis, One man decision, Saudi Arabia and China, Uncertainty started

Uncertainty started the day his government was overthrown: Imran Khan Says due to the decision of one person, the PTI-led govt was toppled & the crisis started LAHORE ( Web News ) As the country is facing enormous economic and political challenges, Pakistan Tehreek-e-Insaf (PTI) Chairman and former primeRead More →

Focus on imports substitution and exports promotion to revive the economy. Business Leaders An agricultural country, Pakistan is spending US$ 12-13 billion on the import of wheat, cotton, pulses and edible oil. Resolution

On: January 12, 2023

In: Commerce and Industry

Tagged: business leaders, economic crisis, Islamabad Chamber, Revival of Economy, US$ 12-13 billion

Business Leaders urge Govt. to focus on imports substitution and exports promotion to revive the economy ISLAMABAD ( Web News ) The Islamabad Chamber of Commerce and Industry organized a Conference on Revival of Economy. Prominent business leaders from across Pakistan included Shehzad Ali Malik Chairman United Business Group (Lahore),Read More →

Gen. Bajwa asks US to push IMF for immediate supply of $1.2 loan tranche A statement issued by the Fund said that the agreement is subject to approval by the IMF’s Executive Board.

On: July 29, 2022

In: Breaking News

Tagged: economic crisis, Gen. Bajwa, IMF Loan tranches, US Deputy Secretary

COAS ASKS US TO PUSH IMF FOR IMMEDIATE SUPPLY OF $1.2 LOAN TRANCHE RAWALPINDI ( Web News ) Chief of Army Staff (COAS) General Qamar Javed Bajwa has become active to steer country of economic crisis and sought US help for the immediate revival of the International Monetary Fund (IMF)Read More →

Changing economic policy for brining the country out of economic crisis: Professor Khursheed We want to bring country out of economic crisis as the country could not be run on charity of IMF: Sirajul Haq

On: June 24, 2022

In: Commerce and Industry

Tagged: economic crisis, economic policy, International Monetary Fund, Professor Khursheed Ahmed, Sirajul Haq

There is need of changing economic policy for brining the country out of economic crisis: Professor Khursheed Ahmed We want to bring country out of economic crisis as the country could not be run on charity of IMF: Sirajul Haq big circuit houses, PM, CM, governors & houses of bigRead More →