Tag: Crisis

Power crisis: 20 feeders trip in rain-hit Lahore

Almost half of the city went without power on Friday as 20 feeders tripped due to heavy showers. There were reports of faults in underground...

No end in sight for energy crisis

India may claim the world’s biggest blackout, but in neighbouring Pakistan an endemic energy crisis blamed on years of mismanagement cripples the economy and...

PPP busy in corruption, not serious about ending power crisis: Nawaz

Pakistan Muslim League-Nawaz (PML-N) President Nawaz Sharif on Tuesday said the electricity crisis could be resolved with the will of the ruling Pakistan People’s...

ECB ready to break ground in crisis fight: analysts

The European Central Bank has broken new ground in the eurozone crisis with hints that it could start unlimited buying of stricken member states'...

Not good enough!

The International Monetary Fund on Thursday called for a "policy game changer" in the euro zone to arrest the spread of the debt crisis...

Syrian crisis: Fresh fighting hits Damascus and Aleppo

Fresh fighting has been fought around Syria's capital, Damascus, and in the northern city of Aleppo, where rebels are trying to secure their positions. Most...

Eurozone business downturn ‘entrenched’ in Germany: survey

Eurozone private sector activity contracted for the 10th time in 11 months in July, with data now consistently showing the downturn becoming "entrenched" in...

Markets look for bold ECB action on euro crisis

Markets were hoping for strong action from the European Central Bank to quell the eurozone crisis on Thursday when it holds what one analyst...

ECB should do more to solve euro zone crisis

The European Central Bank should do more to solve the eurozone debt crisis, Luxembourg Foreign Minister Jean Asselborn said in an interview on German...

Zardari calls high level meeting on energy crisis

President Asif Ali Zardari has called a high-level meeting at the President House to discuss ways to overcome energy crisis during Sehr and Iftar...

Railways on track?

Several steps are being taken to overcome present crisis-like situation being faced by Pakistan Railways,a source in Ministry of Railways told APP on Friday. The...

High-level Presidency meeting takes up energy crisis

Prime Minister Raja Pervez Ashraf, Deputy Prime Minister Chaudhry. Pervez Elahi and PML-Q President Chaudhry Shujaat Hussain on Thursday met President Asif Ali Zardari...

A crisis postponed

Temporarily? It is no small matter to sack one prime minister after another particularly at a time when there is a widespread concern about the...

Eurozone crisis is main risk for Singapore: central bank

The eurozone crisis is the main risk facing Singapore's economy and financial system, the central bank said Wednesday, warning the city-state to brace for...

Euro slumps to near 12-year low

The euro tumbled below 95 yen for the first time in almost 12 years on Monday as dealers rushed to the safe-haven Japanese unit...

Striking down contempt law would bring crisis, says AG

Attorney General of Pakistan Irfan Qadir said on Thursday that judiciary was not above the law and constitution of Pakistan, adding that striking down...

Energy crisis causing capital flight from Pakistan: APML

All Pakistan Muslim League (APML) Finance Secretary Mansoor Moin has said that due to deteriorating law and order situation and energy crisis, investors are...