Cash-strapped Government
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Cash-Strapped Pak Cuts 150,000 Jobs, Dissolves 6 Ministries As Part Of IMF Deal
In an effort to minimise administrative expenditures, cash-strapped Pakistan on Sunday announced to abolish about 150,000 government posts, close six ministries, and merge two others, as part of reforms agreed upon with the IMF under USD 7 billion lo
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Cash-Strapped Pak Bans Red Carpets At Official Events To Cut Costs
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.
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Kerala Budget: Alcohol Prices, Electricity Tariff To Go Up
A cash-strapped Kerala government on Monday increased court fees and excise duty on liquor and pitched for public-private funding in key areas to raise funds for the implementation of various developmental projects in the state budget.
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Sri Lanka's Economy Not Out Crisis Yet, Says President In Budget Speech
Sri Lankan President Ranil Wickremesinghe on Monday presented his government's 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation's economy.
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New Zealand Bails Out Cash-Strapped Universities
New Zealand on Tuesday announced a multi-million-dollar bailout for cash-strapped universities, in the hope of preventing jobs and courses from being cut at institutions struggling to bounce back from the pandemic.
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Cash-Strapped Pak Draws $51 Billion Budget, Sets Aside Half To Pay Debt
Pakistan's cash-strapped government unveiled a 14.5-trillion-rupee (around $50.5-billion) budget Friday, with over half set aside to service 7.3 trillion rupees of debt.
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Cash-Strapped Pak Allocates Rs 1.8 Trillion For Defence In Budget 2024
Cash-strapped Pakistan on Friday hiked defence spending by 15.5 per cent and allocated over Rs 1.8 trillion, as the government unveiled a Rs 14.4 trillion budget for 2023-24 as it battled to fend off a looming default due to shrinking foreign reserve
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Government Bailout Of Go First Unlikely Till Engine Issue Sorted: Minister
A government bailout of cash-strapped Go Airlines (India) Ltd was unlikely unless something could be done about the supply of engines to the airline, which sought bankruptcy protection last week, a minister has said.
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IMF Negates Cash-Strapped Pak's Claim Of Meeting Loan Conditions: Report
The IMF has rejected the cash-strapped Pakistan government's claim that it has met all the conditions to reach an agreement with the global financial body to release funds under an already agreed loan facility, according to a media report.
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Cash-Strapped Pak Imposes Surcharge On Electricity To Collect Revenue
The cash-strapped Pakistan government surrendered to another IMF demand when it imposed a surcharge of up to Rs 3.23 per unit on electricity consumers across the country with effect from July 1, according to a media report on Thursday.
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Pakistan Halts Clearance Of Bills, Salaries Amid Economic Crisis: Report
The cash-strapped Pakistan government has directed the accountant general to cease the clearing of bills, including salaries, owing to the current economic crisis, according to a media report today.
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Blocked Imports Deepen Unemployment Fears In Crisis-Hit Pakistan
Pakistan business chiefs are clamouring for the cash-strapped government to allow manufacturing materials stuck at the key port of Karachi into the country, warning that a failure to lift a ban on imports will leave millions jobless.
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Cash-Strapped Pakistan Announces Early Closure Of Markets, Wedding Halls
Cash-strapped Pakistan today announced early closure of markets and wedding halls as part of a raft of measures under the energy conservation plan as the government struggled to revive the economy.
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Pak Minister On Flood Aid From India: Government Will Consult Allies
Pakistan's Finance Minister Miftah Ismail said on Wednesday the government will consider importing goods from India after consulting its coalition partners and key stakeholders, as the cash-strapped nation seeks to stablise soaring food prices.
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Crisis-Stricken Sri Lanka Bans Import Of 300 Consumer Goods Items
The cash-strapped Sri Lankan government has slapped a ban on the import of 300 consumer items like chocolates, perfumes and shampoos until further notice, as the island nation tried to tackle its worst economic crisis.
-
Cash-Strapped Pak Cuts 150,000 Jobs, Dissolves 6 Ministries As Part Of IMF Deal
In an effort to minimise administrative expenditures, cash-strapped Pakistan on Sunday announced to abolish about 150,000 government posts, close six ministries, and merge two others, as part of reforms agreed upon with the IMF under USD 7 billion lo
-
Cash-Strapped Pak Bans Red Carpets At Official Events To Cut Costs
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.
-
Kerala Budget: Alcohol Prices, Electricity Tariff To Go Up
A cash-strapped Kerala government on Monday increased court fees and excise duty on liquor and pitched for public-private funding in key areas to raise funds for the implementation of various developmental projects in the state budget.
-
Sri Lanka's Economy Not Out Crisis Yet, Says President In Budget Speech
Sri Lankan President Ranil Wickremesinghe on Monday presented his government's 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation's economy.
-
New Zealand Bails Out Cash-Strapped Universities
New Zealand on Tuesday announced a multi-million-dollar bailout for cash-strapped universities, in the hope of preventing jobs and courses from being cut at institutions struggling to bounce back from the pandemic.
-
Cash-Strapped Pak Draws $51 Billion Budget, Sets Aside Half To Pay Debt
Pakistan's cash-strapped government unveiled a 14.5-trillion-rupee (around $50.5-billion) budget Friday, with over half set aside to service 7.3 trillion rupees of debt.
-
Cash-Strapped Pak Allocates Rs 1.8 Trillion For Defence In Budget 2024
Cash-strapped Pakistan on Friday hiked defence spending by 15.5 per cent and allocated over Rs 1.8 trillion, as the government unveiled a Rs 14.4 trillion budget for 2023-24 as it battled to fend off a looming default due to shrinking foreign reserve
-
Government Bailout Of Go First Unlikely Till Engine Issue Sorted: Minister
A government bailout of cash-strapped Go Airlines (India) Ltd was unlikely unless something could be done about the supply of engines to the airline, which sought bankruptcy protection last week, a minister has said.
-
IMF Negates Cash-Strapped Pak's Claim Of Meeting Loan Conditions: Report
The IMF has rejected the cash-strapped Pakistan government's claim that it has met all the conditions to reach an agreement with the global financial body to release funds under an already agreed loan facility, according to a media report.
-
Cash-Strapped Pak Imposes Surcharge On Electricity To Collect Revenue
The cash-strapped Pakistan government surrendered to another IMF demand when it imposed a surcharge of up to Rs 3.23 per unit on electricity consumers across the country with effect from July 1, according to a media report on Thursday.
-
Pakistan Halts Clearance Of Bills, Salaries Amid Economic Crisis: Report
The cash-strapped Pakistan government has directed the accountant general to cease the clearing of bills, including salaries, owing to the current economic crisis, according to a media report today.
-
Blocked Imports Deepen Unemployment Fears In Crisis-Hit Pakistan
Pakistan business chiefs are clamouring for the cash-strapped government to allow manufacturing materials stuck at the key port of Karachi into the country, warning that a failure to lift a ban on imports will leave millions jobless.
-
Cash-Strapped Pakistan Announces Early Closure Of Markets, Wedding Halls
Cash-strapped Pakistan today announced early closure of markets and wedding halls as part of a raft of measures under the energy conservation plan as the government struggled to revive the economy.
-
Pak Minister On Flood Aid From India: Government Will Consult Allies
Pakistan's Finance Minister Miftah Ismail said on Wednesday the government will consider importing goods from India after consulting its coalition partners and key stakeholders, as the cash-strapped nation seeks to stablise soaring food prices.
-
Crisis-Stricken Sri Lanka Bans Import Of 300 Consumer Goods Items
The cash-strapped Sri Lankan government has slapped a ban on the import of 300 consumer items like chocolates, perfumes and shampoos until further notice, as the island nation tried to tackle its worst economic crisis.
