Illegal mining of precious stones in an eastern Afghan province is depriving its impoverished residents of resources and their country of much-needed revenue.
The International Monetary Fund's (IMF) Executive Board on April 16 approved $1.39 billion in emergency financing to Pakistan to help it address the economic impact of the coronavirus pandemic.
India and Pakistan are planning to partially open up some parts of the economy, officials in the two countries said on April 13, as the costs of harsh lockdowns to limit the outbreak of the coronavirus mount across the region.
With Pakistan under an unpopular lockdown aimed at fighting the coronavirus pandemic raging around the world, a large portion of the country's devout and poverty-stricken people are resisting limits on physical and social contacts and their mobility.
International Monetary Fund (IMF) chief Kristalina Georgieva says the global economy has already been thrust into a recession because of the coronavirus pandemic and she urged countries to respond with “very massive” spending programs.
Pakistan has announced a financial-relief package of some $6 billion and cut its benchmark interest rate for the second time in a week in an effort to counter the divesting effects of the coronavirus pandemic on the economy.
Balochistan bordering Iran and Afghanistan is now ill-prepared to face the coronavirus pandemic that has already killed some 1,000 people in Iran as the country suffers the third-highest infection rates following China and Italy.
Global Internet giants, rights watchdogs, journalists, and activists have opposed Pakistan’s sweeping new rules for regulating social media.
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