pakistan economic crisis

Cash-Strapped Pakistan PM Shehbaz Sharif Bans Red Carpets At Official Events To Cut Costs

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A ban has been imposed on the use of red carpet on Pakistan PM Shehbaz Sharif’s directives Islamabad: Pakistan Prime Minister Shehbaz Sharif has banned the use of red carpets at government events, reserving them exclusively for diplomatic receptions, as part of austerity measures to cut down unnecessary expenditures in the cash-strapped nation. Sharif expressed … Read more

Pakistan’s current economic model is not working: World Bank

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Pakistan’s current economic model is not working, a top World Bank official has said, underlining that the cash-strapped nation must change policies that have plagued development and benefitted only a few. The remarks by World Bank Country Director Najy Benhassine came in a Policy Vision article, published in the latest UNDP publication. Pakistan’s current economic … Read more