Pakistan is battling for survival. The national debt is mounting, forex reserves are depleting & the currency is in free-fall. Pakistani citizens are mocking their govt over the state of affairs. Molly Gambhir reports.

Gravitas: Pakistani citizens mock govt over rupee's value

Amid the economic crisis in Pakistan, the country has reportedly sought the support of United States in reviving the International Monetary Fund program. The IMF loan is expected to facilitate a soft landing for Pakistan's economy.

WION Dispatch: Pakistan finance minister meets US delegation for IMF programme revival

Pak's forex reserves have dropped to an all-time low but the country's elite are still buying luxury cars worth billions. Molly Gambhir brings you a report on Pak's 'Richie rich' club.

Gravitas: Cash-strapped Pakistan's elite are buying luxury cars

Pakistan's economic crisis has reached a critical juncture as the nation's foreign exchange reserves held by the State Bank of Pakistan (SBP) have dropped to an all-time low of $4.343 billion, sufficient only to cover three weeks of imports.

WION Dispatch: Pakistan left with only three-weeks of forex cover

Pakistan's dire economic situation shows signs of getting worse day by day. Now data on the inflation rate records an increase of about 32 percent from the combined income group on a year-on-year basis ending the 19th of January.

WION Fineprint | Pakistan: Weekly inflation sees an increase by 32%

According to reports, Pakistan is said to be facing an economic collapse, similar to what has happened with Sri Lanka. The country's rupee has fallen more sharply than expected.

Pakistan's rupee falling faster than expected, more pain ahead

As Sri Lanka battles its worst economic crisis in 70 years, the joblessness rate climbed, stoking massive social and political concerns. The latest official data showed the island nation's unemployment rate rose to 5 percent by the end of September last year, during which the economy contracted by 12 percent.

World Business Watch: Sri Lanka's unemployment rate climbs, raises concern for policymakers

WATCH| Imran Khan's party uses PM Modi's old clip to target Pak govt, funny part is....

Pakistan's unprecedented crisis of food, stemming from years of economic mismanagement amid country's support for cross-border terrorism, was debated in Islamabad's senate on Friday. Country's opposition leaders targeted Prime Minister Shehbaz Sharif-led coalition and held the federal government responsible for the country's ongoing shortage of wheat.

Opposition blames Pakistan government for shortage in the country

Bankrupt Sri Lanka to drastically slash military by half amid looming economic crisis

Pakistan’s foreign exchange reserves fell below $5 billion, threatening to spill over into a full-blown economic crisis. Watch this video to know more.

Pakistan's forex reserves dip below $5 billion; No money left for imports

Weekly inflation in Pakistan increased by over 30 percent in comparison to last year amid a rise in the prices of food and a couple of fuel items.

Double digit inflation cripples Pakistan economy

Pakistan's Prime Minister Shehbaz Sharif has arrived in the United Arab Emirates. With this visit, he is seeking to bolden economic relations with the Emirates nation. Watch to know more.

Pakistan PM Shehbaz Sharif arrives in UAE on two-day visit

According to the reports, Pakistan's weekly inflation witnesses 30 percent rise compared to last year amid a rise in the prices of food and a couple of fuel items. Now, the question is will 2023 bring some relief for Pakistan?

Is Pakistan's economic crisis getting worse?

Pakistan is running out of money, food, fuel, and it is heading the Sri Lanka way. Onion prices have reportedly gone up over 500%, wheat flour has become unaffordable. Pakistan wants its people to brace for blackouts. Priyanka Sharma tells you more.

Gravitas: Pakistan is running out of money, food, fuel

The Balochistan government has sent a SOS but no wheat consignment has reached the Pakistani province so far to solve the shortage. Watch to know more.

WION Climate Tracker: Pakistan's Balochintan runs out of wheat

Pakistan to press IMF for release of bailout funds amid worsening economic crisis, floods

Many in Afghanistan are unable to afford sufficient heating, and they often face a tough choice between 'food and fuel'. As the economic crisis grips the country, doctors and aid workers say that thousands of children are admitted to hospitals with pneumonia and various other respiratory diseases.

Afghanistan faces a humanitarian crisis, malnutrition and cold take a toll on children

Pakistani authorities on Wednesday ordered shopping malls and markets to close by 8.30 pm as part of a new energy conservation plan aimed at easing country's economic crisis.

Pakistan orders malls, markets to close early amid economic crisis

Pakistani traders have rejected government’s decision to shut malls and markets by 8:30 pm. This decision came after a new energy conservation plan and called for the revocation. Watch further to know more.

WION Dispatch: Karachi malls and restaurants stay open despite Government order

Previously shadowed by strikingly high inflation rates; Turkey has seen the steepest drop in its inflation rates in the last 28 years. Trade deficit widens by 138.4% from last year.

World Business Watch: Turkey's consumer inflation at its lowest in 28 years

Pakistan Railways running trains with just three-day oil inventory, claims report

Tram and bus workers stage strike over delayed salaries and no year-end bonus in Tunisia

Soon after Bangladesh won its independence in 1971, a key US policy maker Henry Kissinger has famously said that the country will become a basket case. While, Bangladesh has proven Kissinger wrong by its steady success, another South Asian nation has become a basket case here. Yes, you are right we are talking about Pakistan.

Economic crisis worsens in Pakistan, Forex reserves fall to $5.8 billion

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