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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 ...
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]
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.
Sri Lanka was much more harshly affected by the food crisis as it was already facing mass man-made crop failures due to a total ban on chemical fertilizer by President Gotabaya Rajapaksa, resulting in rice production in Sri Lanka falling by 40–50%, while other crops also suffered large losses with some even reaching 70% loss even before it ...
The sudden increase in prices of wheat sparked protests in Gilgit-Baltistan against the Government of Gilgit-Balitistan and the federal government. The price of the then subsidized wheat has been raised by the GB government from Rs20 kg to Rs36 kg, which had already increased from Rs12 per kilogram to Rs20 per kg in June 2023 by the administration, which was led by the then Chief Minister ...
Sugar was long "king" in Cuba as a hundred mills churned out raw sugar for domestic consumption and export. Production of sugar cane is dominated by state mills in Cuba's Communist-run economy.
Shakarganj Limited is a publicly traded company traded on the Pakistan Stock Exchange. [3] [4] In March 2003, the company produced more than 90,000 tons of sugar. [5] In August 2008, a new biogas power plant in Jhang, Pakistan was inaugurated which will generate enough power to support more than 50,000 homes. [6]
After Aziz's reforms, the third period came about after the 2008 elections and widespread militancy in North-West Pakistan, in addition to the global financial crisis. Pakistan's leading economists and financial scholars are uncertain to the causes of stagflation, and many attribute this period to several factors including the state's role in ...