Articles for tag: Bid, Closing, Desperate, Drastic, Economy, Eliminating, Faces, Jobs, ministries, Pakistan, Reforms, Stabilize

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Pakistan faces drastic reforms, eliminating 150,000 jobs and closing ministries in a desperate bid to stabilize its economy.

Pakistan faces drastic reforms, eliminating 150,000 jobs and closing ministries in a desperate bid to stabilize its economy.

In a move to reduce government spending, Pakistan announced plans to eliminate around 150,000 government jobs and to close or merge several ministries as part of reforms linked to a USD 7 billion loan from the International Monetary Fund (IMF). This decision follows the IMF’s approval of a financial assistance package after Pakistan agreed to ...

Market News

Delhi’s Drama: Kejriwal’s Imprisonment Sparks BJP’s Bid to Dismiss AAP—Is This Political Strategy or Simply Chaos?

Delhi Chief Minister Arvind Kejriwal is currently in jail facing serious corruption charges related to the Delhi excise policy scandal. The situation has led BJP MLAs to request the dismissal of the Aam Aadmi Party (AAP) government, claiming a constitutional crisis and breakdown of governance in the capital. They argue that critical orders can’t be ...

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Reliance Triumphs in EV Battery Production Bid, Boosting India’s Green Future

Reliance Triumphs in EV Battery Production Bid, Boosting India’s Green Future

Reliance Industries has won a bid to produce electric vehicle (EV) batteries under India’s production-linked incentive scheme. The government announced this on September 4, 2024. Reliance can manufacture up to 10 gigawatts of advanced chemistry cells (ACCs), which are essential for EVs. They outperformed six competitors, including Amara Raja Energy and JSW Energy. This initiative ...

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