Financial crisis
- Pakistan
Pakistan to privatise all SOEs, except strategic enterprises: PM Sharif
Islamabad: Cash-strapped Pakistan will privatise all state-owned enterprises, including the loss-making Pakistan International Airlines, Prime Minister Shehbaz Sharif announced on Tuesday, May 14, broadening the government’s initial plans to make only loss-making…
- India
Kerala farmer ends life allegedly due to financial crisis; Gov, oppn criticise govt
Alappuzha: A farmer ended his life in the Kuttanad region in this southern district on Saturday allegedly due to financial problems as he did not get payment for the paddy procured by…
- Middle East
Lebanon’s real estate sector sees major slowdown as financial crisis deepens
Beirut: The development of Lebanon’s real estate sector is slowing down, with demand for properties falling by around 80 per cent in 2022 and 2023 compared to the years before the ongoing…
- Middle East
Lebanese currency hits all-time low amid financial crisis
Beirut: The Lebanese currency (LBP) has collapsed to 100,000 LBP per US dollar for the first time in history as the country’s financial crisis and political deadlock continues. The value of the…
- Business
Private cryptos will trigger next financial crisis if allowed to grow: RBI Governor
New Delhi: As millions of investors face uncertainty in global crypto meltdown, the Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday that the next financial crisis will come from…
- Middle East
Lebanese pound sinks to new historic low against US dollar
Beirut: The Lebanese pound sank to a new historic low against the US dollar on the parallel market as the country continues to face an unprecedented financial crisis. The exchange rate of…
- Middle East
IMF urges Lebanon to restore confidence in financial sector
Beirut: The IMF mission chief for Lebanon urged the country to take measures to restore its financial confidence. Ernesto Ramirez Rigo, who led an IMF delegation to Beirut on a three-day visit,…
- Middle East
UN allocates $8 million to Lebanon’s urgent needs
Beirut: The Lebanon Humanitarian Fund (LHF) has allocated $8 million to help vulnerable families in the country hit by an unprecedented financial crisis, the UN Office for the Coordination of Humanitarian Affairs…
- World
Bangladesh requests loan from IMF; economists say reforms in financial sector needed
Dhaka: Bangladesh has formally requested for a USD 4.5 billion loan from the Washington-based multilateral lender IMF to combat the ongoing financial crisis in the country, according to a media report. The…
- Photos
Meeting on ‘Present Situation in Sri Lanka’
New Delhi: Jammu & Kashmir National Conference President Farooq Abdullah speaks to media after attending a meeting chaired by External Affairs Minister S. Jaishankar regarding ‘Present Situation in Sri Lanka’, in New…
- Business
China’s real estate mess put global economy on crutches
Beijing: The deep recession in China’s real estate companies is becoming a major problem for the country as well as for the world’s economy. The property market was one of the few…
- India
Goa’s financial situation worsening with each passing day post mining ban: Industry Associations
New Delhi: Industry associations on Tuesday raised concerns over the worsening financial situation of Goa with each passing day on account of mining ban in the state and called for immediate resumption…
- Hyderabad
Hyderabad: Couple dies by suicide at Bolarum railway station
Hyderabad: A couple died by suicide at railway tracks in Bolarum, on Monday night. Their bodies were discovered on the rails near Bolarum railway station on Tuesday morning. According to the police,…
- Middle East
Many stores in Lebanon shut down due to financial crisis
Beirut: Lebanon’s merchants took a hit in 2021 by the country’s unprecedented economic and financial crisis with 35 per cent of them shutting down their stores, according to the Beirut Traders Association. Adnan…