Pakistan’s government is presenting its annual budget as it looks to get bailout funds from the International Monetary Fund. It is battling its worst economic crisis in decades. Many Pakistanis are struggling with the soaring cost of living. Al Jazeera’s Osama Bin Javaid reports from Lahore, Pakistan. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ #aljazeeraenglish #Pakistan #budget #livingcost #economy #imf
The International Monetary Fund has slashed the growth outlook for cash-strapped Pakistan, forecasting the South Asian country’s fragile economy will grow just 0.5 percent this year, down from 6 percent in 2022. The latest data on Pakistan’s ailing economy was released by the IMF on Tuesday, when it unveiled its World Economic Outlook report in Washington, DC. The coalition government of Pakistan’s Prime Minister Shahbaz Sharif is in talks with the IMF to receive a key tranche of a $6bn bailout package signed in 2019 by Sharif’s predecessor Imran Khan. Al Jazeera’s Assed Baig reports. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on Twitter: https://twitter.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera […]
Pakistan is negotiating with the International Monetary Fund to unlock a $1.1bn bailout. But the IMF is insisting on reforms. A deepening economic crisis has left many Pakistanis struggling to put food on the table. Al Jazeera’s Assed Baig reports from Lahore, Pakistan. Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ @AljazeeraEnglish #Aljazeeraenglish #News #Pakistan #IMF #Bailout #Pakistani #Lahore #Economy #EconomicCrisis
Hundreds of small businesses are collapsing in Sri Lanka – due to the ongoing economic crisis. Getting an International Monetary Fund bailout comes with stringent conditions, including higher interest rates and subsidy cuts – making it difficult for entrepreneurs to survive. It is particularly hard for farmers and fisherman in rural areas. Al Jazeera’s Minelle Fernandez reports from Palaly, Sri Lanka. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ #SriLanka #SriLankaEconomicCrisis #SriLankaSmallBusinesses #InternationalMonetaryFund #SriLankaEconomy
Tuesday’s protests came as the government is heavily in debt and struggling to pay for essential imports. The 2019 Easter bombings on churches and hotels killed 270 people and hit vital tourism revenue. The pandemic which followed further hampered recovery. Analysts blame unsustainable debt, low revenue, a foreign exchange crisis, financial mismanagement and corruption for aggravating dire problems. After months of rejecting calls to seek an international bailout, the government appears ready to seek help. Al Jazeera’s Minelle Fernandez reports from one of the main demonstrations in Colombo, Sri Lanka. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check […]
Thousands marched on the streets of the Argentine capital to protest against a loan repayment deal with the IMF, fearing the economic fallout on their lives. They say the record $57 billion loan should be ignored. But that would risk isolating the country from international financial markets. Al Jazeera’s Teresa Bo reports from Buenos Aires. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #Argentina #ArgentinaEconomicCrisis #IMF
Argentina is due to make a payment on its $45bn debt to the International Monetary Fund. But many Argentinians want to see a freeze on repayments as the country suffers a rise in hunger, poverty and rampant inflation. Al Jazeera’s Daniel Schweimler reports from Buenos Aires, Argentina. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera – Check our website: https://www.aljazeera.com/ #AlJazeeraEnglish #Argentina #Economy
