Tuesday Mar 18, 2025
Monday, 27 February 2023 02:39 - - {{hitsCtrl.values.hits}}
NEW DELHI: Cash-strapped Pakistan is taking several drastic austerity measures to ensure compliance with conditions set by the International Monetary Fund (IMF) for a much-needed $ 1.1 billion bailout package.
In order to stave off bankruptcy and debt default, the crisis-ridden country has already removed artificial caps on its currency resulting in it shedding more than a quarter of its value; fuel prices have jumped by almost a fifth and are expected to rise further; key policy rate has and taxes on luxury items have been increased.
Last week Prime Minister Shehbaz Sharif addressed the media alongside the federal Cabinet and announced a slew of new cash-saving measures:
PM Sharif said the measures would be implemented immediately adding that additional steps would be taken at the time of the budget for the new fiscal year. He also urged chief ministers and high ranking officials in the four provinces to introduce similar measures. (Source: Times of India)
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.