financial crisis Archives

Home
financial crisis

Tag: financial crisis

Pakistan

Web Desk
Mar 17, 2024

Peshawar university in financial crisis; two months’ salaries delayed

Vice-Chancellor of Peshawar University of Agriculture Dr Jahan Bakht spoke on the challenges posed by a reduced budget allocation for universities, and explained the escalating expenditure on salaries and pensions as key factors contributing to the university’s financial woes.

World

Web Desk
Mar 16, 2024

Tourism surge sparks economic revival in Sri Lanka, Q4 data shows

Sri Lanka’s economy showed a remarkable recovery in the fourth quarter of 2023, following the severe financial challenges the island nation faced. According to the government’s announcement on Saturday, this resurgence was fueled by an increase in tourism arrivals.

Business

Web Desk
Oct 30, 2023

PIA set to operate more flights

PIA announced on Monday that it would be able to resume more flights thanks to a credit line extension from Pakistan State Oil (PSO).

Business

Web Desk
Oct 26, 2023

PIA’s ongoing fuel crisis: 349 flights disrupted in two weeks

Pakistan International Airlines (PIA) has been compelled to cancel 349 flights in the past fortnight due to an acute fuel shortage, a situation that underscores the challenges faced by the financially struggling national carrier.

Pakistan

Web Desk
Oct 19, 2023

Free treatment under Sehat Card suspended in Khyber Pakhtunkhwa

In Khyber Pakhtunkhwa, free treatment under the Sehat Card programme has been suspended once again, as the insurance company informed the panel hospitals.

Pakistan

Web Desk
Sep 10, 2023

PIA’s financial crisis: fleet feared to shrink to 15 planes

Out of PIA’s 35 planes fleet, 20 aircraft are operational and the remaining 15 aircraft are grounded.

Pakistan

Zahid Gishkori
Sep 08, 2023

Losses of eight state-owned entities surges to Rs2,201billion

The combined financial losses incurred by eight government entities that operate at a deficit have surged, reaching a staggering Rs2,201 billion. Among these entities are prominent names like Pakistan Steel Mills, Pakistan International Airlines (PIA), and the Pakistan Railways (PR).

Pakistan

Waqas Buneri
Aug 22, 2023

University of Peshawar faces financial crisis

The University of Peshawar is currently facing a severe financial crisis, raising concerns about its ability to fulfill its commitment of paying employee salaries

Latest

Web Desk
Jul 31, 2023

KP’s financial straits deepen as Islamabad holds back dues

KP is currently facing a serious financial crisis due to the federal government’s failure to provide the province with the promised funds over the past five years.