Pakistan’s economic crisis likely to worsen after passing of IMF-dictated budget, rise in fuel prices
The Finance (Supplementary) Bill, 2023, was tabled last week, on February 15, in line with measures required to secure the next IMF loan tranche of USD 1.1 billion
IMF releases statement after “significant progress” in talks with Sri Lanka, fuel supplies halted and schools closed
The lack of fuel has brought the entire nation to a halt and severely affected other sectors – one of them being education. Starting June 20, at least three universities and schools in the main cities have remained closed
Pakistani left organizes protests against rising inflation as economy staggers
Protestors raised slogans against inflation and the anti-people policies of the International Monetary Fund. The national government, led by Shehbaz Sharif, is adopting drastic measures to convince international lending authority for a bailout package.
Sri Lanka deploys army to distribute fuel amid the country’s worst economic crisis in decades
The decision to deploy military personnel comes after Sri Lanka reported four deaths in 48 hours in fuel queues this week as people lined up for hours outside filling stations after a sudden hike in prices of essential commodities.
Sri Lanka nears complete economic meltdown as food shortage worsens
After its foreign currency reserves dropped to USD 1.6 billion in November last year, Sri Lanka’s economic crisis has snowballed at an alarming rate with acute shortage of essential commodities, food and fuel
- Colombians mobilize in support of pension reform and against “institutional” coup that would seek to remove Gustavo Petro
- Waffle House workers fight back against wage theft
- Palestine solidarity activist arrested for wearing keffiyeh in Long Island
- Protests intensify in India following arrest of anti-femicide organizer
- UAW could return to the picket line in battle against auto giant Stellantis
