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

Market News

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

Amid slowed capital expenditure, key ministries excel while telecom struggles, influencing GDP growth during an election-constrained quarter.

Amid slowed capital expenditure, key ministries excel while telecom struggles, influencing GDP growth during an election-constrained quarter.

During the April to July period, the growth of central government capital expenditure (capex) was sluggish, with an overall spending of only 24%. However, several ministries excelled, notably housing, roads, railways, health, and atomic energy, which all exceeded average spending rates. In contrast, the Department of Telecommunications spent just 1%, a significant drop from the ...

DeFi Explained: Simple Guide Green Crypto and Sustainability China’s Stock Market Rally and Outlook The Future of NFTs The Rise of AI in Crypto