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Economic Crisis

Economic crisis of Pakistan is ‘over’: Asad Umer

ISLAMABAD: Repudiating the notion of deteriorating economic situation, Finance Minister Asad Umer stated on Tuesday that economic crisis of the country has been 'over'. Speaking at the inauguration of the 11th South Asia Economic Summit in Islamabad, the federal minister said, "There is no economic crisis in the year 2018 and the upcoming 2019," adding that the financing gap for the current fiscal year has been met. Emphatically stating that the government has successfully overcome the economic crisis with the help of…

PPP chairman damns federal govt for economic crisis

KARACHI: Chairman Pakistan Peoples Party (PPP) Bilwal Bhutto Zardari on Thursday lambasted the Pakistan Tehreek-e-Insaf (PTI) for bad governance and economic situation in the country, ARY News reported. "The PTI government has unleashed an economic tsunami in the country, which is creating difficulties for people. Gas price has soared to more than 140 percent," he said dressing down the government, while talking to media. He said the ministers were giving irresponsible statements even on the China Pakistan Economic…

Govt on mission to ‘rescue’ economy from current crisis: minister

ISLAMABAD: Minister of State for Revenue Muhammad Hammad Azhar has said the government’s priority is to rescue the economy from the current crisis. Responding to points raised by various members of the National Assembly on Supplementary Finance Bill, he said the government’s economic policy would not be financed by the deficit financing. He said the government wanted growth with development and intend to bring improvement in the social sector. Regulatory duties had been imposed on luxury items to suppress imports…