Latest Austerity News & Updates

New Delhi, Jan 15 (IANS) Pakistan’s current state of affairs cannot drive the 250 million-strong population towards sustained progress due to cross-cutting constraints affecting all 20 priority export products and six export drivers, a media report has stressed, highlighting that blaming the IMF will not do any good for the country, which is massively suffering across economic parameters.A panel constituted by Prime Minister Shehbaz Sharif reached this conclusion after discussions with industr…

New Delhi, Jan 14 (IANS) The ‘World Inequality Report 2026’ has listed Pakistan as a country in which inequality in income and wealth among its citizens is at alarming levels.”In Pakistan, inequality remains high and shows limited progress over the past decade. The top 10 per cent of earners capture 42 per cent of total income, whereas the bottom 50 per cent receive only 19 per cent. Wealth inequality is even more concentrated, with the richest 10 per cent holding 59 per cent of total wealth…

Chennai, Jan 4 (IANS) Former Union Finance Minister and Congress leader P. Chidambaram has said that the newly announced Tamil Nadu Assured Pension Scheme (TAPS) would place additional pressure on the State’s finances but can still be implemented successfully if backed by strong and disciplined financial management. Responding to criticism surrounding the scheme, Chidambaram shared his views in a post on X, stressing that fiscal prudence and improved revenue mobilisation would be crucial to su…