Pakistan seeks bailout from IMF as the economic crisis gets worse | Oneindia News*Explainer
Video Credit: Oneindia - Duration: 03:55s - Published
Pakistan seeks bailout from IMF as the economic crisis gets worse | Oneindia News*Explainer
For Pakistan, its problems don’t seem to be anywhere near its end.
The economic crisis the country is battling…is showing no signs of improving.
Infact, it is worsening with almost each passing day.
Just yesterday, Pakistan's currency fell to a record low of ₹ 255 against the US dollar…and now, it has forex reserves just enough for 3 weeks at max.
Recently, the central bank increased its benchmark interest rate to 17%...the highest in over 24 years !
And these unending strings of issues are coming when its economy is struggling to cope with mounting debt, global inflation and political instability, and has been pushed to the brink of a collapse.
But how did the country reach at such critical stage?
Talks have been doing the rounds that it may also go the Sri Lanka way.
But how close is it to that situation?
Let’s break it down for you in this video.
But before that don’t forget to like, share and subscribe to Oneindia.
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As intense Gaza ceasefire negotiations unfold in Cairo, Egypt, the spotlight is on Israel’s response to mounting pressure. With Egyptian, U.S., and Israeli delegations in heated discussions, critical security arrangements and potential deals are on the table. Explore how recent developments, including a dramatic hostage swap deal and ongoing tensions with Hamas, are shaping the future of the conflict. Watch our detailed breakdown of the high-stakes negotiations and what’s at stake for all parties involved.
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In a touching display of cultural exchange, Ukrainian students learning Hindi had the unique opportunity to meet Indian Prime Minister Narendra Modi during his visit to Kyiv. These students shared their heartfelt experiences and discussed how learning Hindi has deepened their understanding of Indian culture. Watch as they express their joy and enthusiasm for the language and their memorable moments with PM Modi.
#PMModi #UkrainianStudents #HindiLanguage #CulturalExchange #IndiaUkraineRelations #OneindiaNews #ModiInKyiv #HindiLearning #CulturalConnections #HeartfeltMoments
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Donald Trump brought former Democratic lawmaker Tulsi Gabbard to help him prepare for the crucial September 10 debate against Kamala Harris. With his campaign facing criticism for being off the rails due to his unpredictable personality, Trump is turning to Gabbard, who famously clashed with Harris in the 2019 Democratic debates. Is this the strategic move that will reshape his campaign, or just another chaotic gamble? Watch the full story to find out how Gabbard’s role could impact the upcoming showdown!
#Trump #TulsiGabbard #KamalaHarris #DebatePrep #Election2024 #PoliticalStrategy #MAGA #TrumpVsHarris #USPolitics #HarrisVsGabbard
Tensions have escalated as Hamas' armed wing, the al-Qassam Brigades, vows to retaliate against Israel following the assassination of two senior commanders in Jenin. In a chilling statement, Hamas declared that the blood of their martyrs will bring a "torrent of blood" for Israel, signaling the start of more high-profile operations across the occupied West Bank. This deadly exchange comes on the heels of a recent targeted killing in Tehran, which has further inflamed the already volatile situation. Is the Middle East on the brink of even more bloodshed?
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IMF officials will be visiting Pakistan as the country is facing a severe economic crisis, due to the national currency plummeting, and inflation soaring.
#Pakistan #IMF #EconomicCrisis
Pakistan’s economy seems to be on the verge of crashing. The economic issues especially the fuel crisis that the country has been facing appear to be finally taking a toll on common citizens...
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