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Searched Tag: pakistan financial crisis
Many development projects in Rawalpindi division have been suspended after their projected cost escalated sharply.

Pakistan’s financial crisis stalls key projects

July 6, 2026, 04:57 PM - 2 min read

Development allocations for all authorities operating in Rawalpindi division have been sharply reduced in the new fiscal year, while six major infrastructure schemes have been put on hold

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Prime Minister Shehbaz Sharif stressed that Pakistan should fully utilise natural and human resources to tide over its economic challenges.

Pak PM admits begging bowl past, says allies expect reforms now

June 1, 2025, 08:35 PM - 3 min read

Pakistan Prime Minister Shehbaz Sharif acknowledged that the country had previously approached allied nations with a "begging bowl" to bolster its financial reserves but added that these partner countries no longer expect Islamabad to follow that path.

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