7 Posts

crisis

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IMF warns of Maldives foreign debt crisis, after China borrowing

  • 2 min
The IMF warns of a potential foreign debt crisis in the Maldives due to heavy borrowing from China and a shift away from India. The country's fiscal deficits and public debt are projected to remain elevated without urgent policy adjustments. Despite economic recovery from the pandemic, uncertainty persists, and the Maldives remains at high risk of external debt distress.
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Air freight rates rise amid Red Sea crisis

  • 4 min
Global air freight rates have risen due to the Red Sea crisis, with increased demand ahead of Asia's lunar new year and disruptions to ocean shipping. Factories in China closing for the holiday have pushed companies to secure costlier air cargo space. The crisis has led to longer transit times and prompted some customers to move to air freight
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Humanitarian crisis worsens in Gaza as Israel’s aggressive attacks continue: UN

  • 4 min
Gaza's humanitarian crisis worsens as Israel's offensive displaces over 100,000 people, exacerbating food and healthcare shortages. The UN calls for urgent aid amid escalating conflict and a lack of relief. Humanitarian efforts face challenges including limited access and security concerns. The risk of famine looms over Gaza's 2.2 million population within the next six months.
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No crisis in meeting ECP’s financial needs: Solangi

  • 2 min
Caretaker Minister for Information and Broadcasting and Parliamentary Affairs, Murtaza Solangi, addressed concerns on Monday about the alleged financial crisis facing the Election Commission of Pakistan (ECP) in preparation for the upcoming general elections. Earlier reports suggested that the Ministry of Finance had not released funds to the ECP, prompting the ECP to summon the finance secretary and consider reaching out to Caretaker Prime Minister Anwaarul Haq Kakar.
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Balochistan agriculture hit hard by power crisis

  • 2 min
The Caretaker Chief Minister of Balochistan, Mir Ali Mardan Khan Domki, has stressed the crucial need for providing uninterrupted electricity to farmers and expressed his concern regarding the significant losses suffered by the agricultural sector due to power shortages.