economic crisis

Islamabad, March 30 Pakistani President Asif Ali Zardari on Monday directed that all possible measures be taken to ease the burden of rising prices on ordinary citizens amid the energy crisis caused by the ongoing conflict in West Asia.The President made the remarks while chairing an expanded...

March 30, New Delhi – A Russian oil tanker, subject to US sanctions, is expected to arrive in Cuba by Tuesday, despite an effective American blockade of fuel supplies to the energy-deprived island.The Anatoly Kolodkin, carrying 730,000 barrels of crude oil, was located off the eastern coast of...

Washington, March 30 – US President Donald Trump said Cuba “will be next” to face collapse, describing the island nation as a failing state while signaling Washington’s willingness to allow oil shipments to ease conditions for its people.“Cuba is going to be next… Cuba is a mess. It’s a...

Seoul, March 29 – South Korean Prime Minister Kim Min-seok vowed on Sunday to take preemptive measures against potential shortages of essential goods, as the Middle East crisis has disrupted global energy markets and driven up energy prices."We are at a critical economic juncture," Kim said...

Havana, March 29 – Cuban Foreign Minister Bruno Rodriguez denounced the United States for "blatantly lying" about a fuel blockade against the island.In a post on the social media platform X, Rodriguez said that US claims contradict its own executive orders and regulations, citing a January 29...

Colombo, March 27 The Supreme Court fined a former health minister of Sri Lanka 75 million Sri Lankan rupees on Friday for violating fundamental rights by importing medicines under an Indian credit line in 2022 through a company not registered for that purpose.A three-judge bench of the island...

Haridwar (Uttarakhand), March 26 Yoga guru and Patanjali co-founder Baba Ramdev said on Thursday, "Neither America will win, nor Iran will lose" as he appealed for world peace amidst the ongoing conflict in West Asia."I had earlier said that neither America will win (the war) nor Iran will...

Prime Minister Narendra Modi has announced the formation of seven empowered groups to address the potential long-term impacts of the West Asia conflict and urged states to work with the Centre in a "Team India" approach to mitigate the crisis. Highlighting the "serious consequences of the war,"...

Bhopal, March 24 – Madhya Pradesh's Leader of the Opposition (LoP), Umang Singhar, wrote a letter to Chief Minister Mohan Yadav on Tuesday, highlighting the challenges faced by farmers in the state and demanding immediate action.Singhar urged the Chief Minister to set the wheat procurement...

Colombo, March 22 The Sri Lankan government on Sunday raised fuel prices by around 25 per cent, the second such increase in a week amid the West Asia conflict.This move comes in the backdrop of the joint US-Israel strikes against Iran and the retaliation by the Islamic nation that has spread...

Colombo, March 22 The Sri Lankan government on Sunday urged the public to use fuel and electricity sparingly in the face of potential shortages, amid volatile global oil markets.This came as the island nation raised fuel retail prices at midnight, the second such increase in a week.As a...

Washington, March 17 – President Donald Trump and Secretary of State Marco Rubio sharply criticised Cuba’s leadership on Tuesday following a nationwide power outage, calling the island’s economic system “non-functional” and urging sweeping political change.Speaking during a meeting with Irish...

New Delhi, March 16 – Pakistan has been severely affected by the Middle East crisis due to the war between Iran and Israel-United States. While it faces several challenges regarding whether or not to join the war due to an agreement with Saudi Arabia, the economic situation in Islamabad has...

Colombo, March 14 A top official of Lanka Indian Oil Corporation, the company's Sri Lanka operation, assured continued fuel supplies on Saturday amidst the ongoing conflict in the Middle East.The statement from Lanka Indian Oil Corporation (LIOC) comes after Sri Lanka's foreign minister...

Chandigarh, March 11 The Punjab government moved a resolution in the state assembly on Wednesday, alleging that a foreign policy failure by the Centre has led to a hike in LPG rates, and expressed concern that the looming shortage of commercial cylinders would affect restaurants, eateries, and...

Kabul, March 10 – The United Nations Assistance Mission in Afghanistan (UNAMA) has warned that the restrictions imposed on women in Afghanistan are hindering the country's progress and exacerbating humanitarian challenges, local media reported on Tuesday.UNAMA Acting Head Georgette Gagnon...

Retail fuel prices in Sri Lanka have increased following a revision by the state-owned Ceylon Petroleum Corporation, which came into effect today.The new pricing structure has resulted in an increase of approximately 7-8% or at least 24 Rupees per liter across the board. The revision applies...

Chhatrapati Sambhajinagar, March 9 Cooperative sugar mills in Maharashtra have appealed to the state government to provide a financial assistance of Rs 500 per tonne, so that they can bridge the gap between the Fair and Remunerative Price (FRP) and clear the outstanding dues of workers, an...

New Delhi, March 7 External Affairs Minister (EAM) S. Jaishankar stated on Saturday that India's rise would benefit the Indian Ocean region, describing it as "a rising tide," emphasizing the strategic significance of the wider region.Speaking alongside Seychelles Foreign Minister Barry Faure...

New Delhi, March 6 – The mismanagement of Pakistan as a political entity by its ruling elite has led the country to periodic crises, which have been both political and economic in nature. This economic turmoil has necessitated 25 IMF programs, each of which has exacerbated Pakistan's structural...