Jaipur, May 7 (IANS) A major alleged fraud involving crores of rupees under the Pradhan Mantri Fasal Bima Yojana has surfaced in Rajasthan’s Hanumangarh district. Authorities claim preparations were underway to disburse insurance claims worth nearly Rs 9 crore, allegedly in violation of established norms, but the process was stopped at the last moment following the intervention of Agriculture Minister Kirodi Lal Meena.The revelation has triggered panic within the banking system, and steps have…
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New Delhi, April 26 (IANS) Pakistan’s fragile economic footing has come into sharp focus amid shifting geopolitical and financial dynamics, even as Islamabad projects itself as a voice for peace on the global stage, a report has said.During heightened tensions linked to the US-Israel conflict with Iran, Pakistan drew international attention for its diplomatic outreach. However, behind this image of stability, a sudden financial strain exposed the country’s dependence on external support, acc…
New Delhi, March 20 (IANS) Economic fragility in Pakistan has reached a critical stage following the US–Israel war with Iran due to the drastic escalation in oil prices and the surge in the trade gap, a Pakistani media report said.In terms of per capita income, economic growth rate, dwindling exports and low foreign exchange reserves, Pakistan is in dire straits, according to an article in the Lahore-based Friday Times.Pakistan’s economic fragility is reflected in its GDP growth rate, which …
New Delhi, Jan 6 (IANS) A sharp fall of 20.4 per cent in Pakistan’s exports in December — the fifth consecutive month of declining overseas shipments of the country — underscores that the slump stems from structural factors and can no longer be dismissed as a temporary setback, according to an article in the local media.The article in the Dawn observed that Pakistan’s poor export performance has always remained the weakest link in its external sector stability chain. This has become even m…
New Delhi, Jan 1 (IANS) Pakistan is witnessing the institutionalisation of a “survivalist” economy where every policy choice is dictated by the need to pass the next International Monetary Fund (IMF) review, regardless of whether that policy erodes the tax base for the next decade, while the economy remains vulnerable as ever — headed nowhere except, most likely, into another IMF programme, as per a news report.The report in Business Recorder by Shahid Sattar reveals that Pakistan suffers from …