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Situation in Pakistan remains chaotic after the 2024 election, and economic data shows that Pakistan's economic crisis will continue. According to the Pakistan Bureau of Statistics, the inflation rate stood at more than 29% in January. Pakistan also has to manage roughly $30 billion in annual external debt obligations, as its foreign currency ...
The government has significantly ramped up its efforts to combat sugar smuggling. Pakistan Customs in September 2023 conducted an intensified anti-smuggling campaign across the country, resulting in the seizure of essential commodities valued at 2.25 billion rupees. The seized items encompassed a wide range of essential goods, including sugar ...
[4] [5] [6] Many factors have contributed to the ongoing world food crisis. These include supply chain disruptions due to the COVID-19 pandemic , the 2021–2023 global energy crisis , the Russian invasion of Ukraine , and floods and heatwaves during 2021 (which destroyed key American and European crops). [ 7 ]
The 2024 Azad Kashmir protests were a series of six day long protests, sit-ins, shutter-downs, demonstrations and wheel-jam strikes starting on 8 May against the Federal Government of Pakistan and the Government of Azad Kashmir, calling for lower prices for wheat, flour, and electricity, in addition to other demands.
Pakistan's economy remains under severe strain due to a debt crisis, with the country facing challenges in repaying $1.2 billion in outstanding payments. [27] In Pakistan, inflation maintains its upward trajectory, as indicated by the most recent official data, which shows a year-on-year increase of 35.4% in the consumer price index for March 2023.
Sharif's Pakistan Muslim League-Nawaz (PML-N) is the largest recognised party with 80 seats and PPP is second with 54. Together, they have enough for a simple majority in the 264-seat legislature.
Smuggling in Pakistan is a significant problem, and it has an impact on the country's economy. The illicit trade of various goods across Pakistan's borders with Iran and Afghanistan remains a persistent issue. Smuggled products have infiltrated multiple sectors of Pakistan's economy, spanning items such as cell phones, fuel, and everyday ...
Sugar was first produced from sugarcane plants in Punjab. ... Constitutional crisis, ... 2012 Pakistan fake medicine crisis kills 112. [271]