The meeting came as divisions grow in Europe over the proposed tariffs
auto4 hours ago
“End load shedding,” they cried. “This government is stealing electricity,” “the corrupt rulers should quit,” “let the poor live,” “respect the constitution” and “people want electricity, water and gas,” the people shouted.
Parliamentarians traded blows and slaps, as they pushed and shoved each other on the parliament floor, grabbing each other’s clothing.
Pakistan suffers from a massive energy crisis that cripples industry and leaves millions of people suffering during the hot summers and chilly winters.
The government is under mounting pressure to call early elections since Prime Minister Yousuf Raza Gilani was in April convicted of contempt of court for refusing to ask Switzerland to reopen corruption cases against the president.
On Thursday, the finance minister was forced to announce that the economy had missed its target growth rate of 4.2 per cent to grow by only 3.7 per cent in the current fiscal year, which ends June 30.
On the same day, the rupee sank to its lowest level to 93.8350 against the dollar as Pakistan’s central bank was forced to deny it would have to return to the International Monetary Fund, or IMF, for assistance. The currency slid 0.9 per cent after The Wall Street Journal quoted the central bank governor as saying that failure to control the deficit could make it hard to meet the more than $4 billion in IMF loans due in the coming fiscal year.
The meeting came as divisions grow in Europe over the proposed tariffs
auto4 hours ago
Around 44% of total financing had a climate financing component
finance4 hours ago
World Cup-winning coach Dav Whatmore asked the young boy to watch YouTube videos of his favourite batsman
cricket4 hours ago
Flare-up in Middle East tensions also supporting oil
energy4 hours ago
Weekly jobless claims fall 12,000 to 219,000
economy5 hours ago
Volkswagen said this month it needed to cut costs significantly
auto5 hours ago
Many told the war revived traumas of past conflicts with some suffering panic attacks after hearing Israeli sonic booms or other loud bangs
mena5 hours ago
Dubai’s real estate market continues to be a global hotspot
realty5 hours ago