May 15, 2026
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Tag : unemployment

Business

Pakistan’s economy suffers major setback as IMF denies $6 billion loan

omandailynews.com
The International Monetary Fund (IMF) has dealt another blow to Pakistan’s economy by rejecting the country’s claim of fulfilling the conditions necessary to secure a $6 billion loan. Pakistan signed an agreement with the IMF in 2019 to provide the loan upon meeting certain conditions. However, the funds have not......
Business

Lack of cash causes Pakistani food shortages, unemployment

omandailynews.com
Pakistani businessmen are warning the government that if the import levy is not lifted, millions will lose their jobs. They are urging the administration to allow materials stuck at the Karachi port into the country. Steel, textile, and pharmaceutical industries have largely shut down, causing thousands of factories to close,......