by Imran Ayub in Dawn, September 4th, 2023• Several key medicines and non-essential drugs are not available at pharmacies as black market flourishes• Govt takes notice of crisis, officials asked to submit report on remedial measures KARACHI: While people are still struggling to pay inflated electricity bills amid skyrocketing inflation, a large number of patients across the province, and those who are on medication, are hit by severe shortage of several essential medicines along with…
Posts tagged as “inflation”
By Asim Yasin in The News, September 01, 2023ISLAMABAD: PPP Parliamentarians President Asif Ali Zardari has summoned the party’s senior leaders in Dubai to assess the country’s political situation in the wake of countrywide demonstrations against inflation and the inflated power bills. PPP Chairman Bilawal Bhutto Zardari is already in Dubai. Zardari is expected to hold important consultations with the party leaders to decide the party’s final course of action in the given situation. Sources…
by Sangam Prasain & Krishana Prasain in The Kathmandu Post, June 20, 2023Nepal is staring at stagflation, a scenario where an economy faces high inflation, low growth and high unemployment—all at the same time, economists said on Monday. Nepal’s efforts to stamp out a surge in inflation have slowed the economic growth rate sharply. At the start of the current fiscal year, the government had pompously declared that the economy would grow by an astounding…
By Sangam Prasain in The Kathmandu Post, May 01, 2023Nepal plunged into its first recession in six decades as economic output continued to be weighed down by inflation and political instability. Economists warn that the country, which is aiming for middle-income status in the next three years, will have a hard time getting out of the slump as political uncertainty, corruption and market and climate vulnerability go deep. As per the National Statistics Office, the…
By Prithvi Man Shrestha in The Kathmandu Post, April 01, 2023As the country’s economy faces multiple challenges including low growth, slump in market demand, high inflation and troubled government finance, Nepal appointed an economic expert as finance minister on Friday. Nepali Congress spokesperson Prakash Sharan Mahat, who holds a PhD in Economics from the US-based Southern Illinois University, was given the role in the latest Cabinet expansion. He has the responsibility to fix the broken…
report in Prothom Alo , 13 Jan 2023,Bangladesh faces five major risks in the next two years with sustained inflation, debt crises and severe commodity price shocks being the top three challenges for its economy, said a report released by the World Economic Forum (WEF). Besides, human-made environmental damage and geopolitical contestation of resources are the rest two risks the nation might face in the short term, according to WEF’s The Global Risks Report 2023,…