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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.
That month Pakistan also ended a four-year streak of outflows (totaling $1.4 billion) in Treasury Bills, earning $875 million. According to Bloomberg, Pakistan's stock became the "world’s best performer", increasing 73% in the past 12-months. Treasury Bill yields became some of Asia's highest, while foreign reserves rose to a two-year high. [73]
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [64]
[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 ]
Pakistan Sugar Mills Association is based is Islamabad, Pakistan. PSMA was registered in November 1964, established as a representative organization of all sugar mills in Pakistan. Pakistan Sugar Mills Association plays a pivotal role in promoting the development and attaining efficiency in the best interest of the sugar mills and sugar allied ...
Jahangir Khan Tareen (Urdu: جہانگیر خان ترین) (born 4 July 1953) is a Pakistani industrialist and politician who is the founder of JDW Sugar Mills, also known as JDW Group, [6] a conglomerate specializing in the manufacturing and sale of sugar and associated products, ethanol(bio-fuels) production, power generation, transmission and sales, sugar cane farms, and aircraft ...
On Thursday, Team USA pulled off a stunning upset in cricket, defeating Pakistan — a cricket powerhouse — by five runs. The win took place in the group stage of the T20 World Cup, a tournament ...
EarthCam, Inc. is a company based in Upper Saddle River, New Jersey, United States, that provides webcam content, technology and services. Founded in 1996, EarthCam.com is a network of webcameras offering a complete searchable database of views of places around the world.