 
                  
Financial crisis forces Pakistan Airlines to cancel flights
Pakistan International Airlines (PIA), to cancel 26 flights.
Stay updated with the latest news and articles about financial crisis.
 
                  
Pakistan International Airlines (PIA), to cancel 26 flights.
 
                  
If the US Congress can't come to terms on raising the 'debt limit,' the world may witness another global financial crisis.
 
                  
Go First, an Indian airline, has canceled all flights for May 3 and 4. The Wadia Group, the airline's owner, is unwilling to invest more in the struggling company.
 
                  
As per the report, the country is facing mounting foreign debt which will make it liable to require gross external financing of USD 51.6 billion within a two-year period in order to fulfil its needs.
 
                  
Gita Gopinath, Chief Economist of the International Monetary Fund (IMF) has urged policymakers around the world to provide fiscal stimulus to boost a relatively faster recovery from the ghastly repercussions inflicted by the pandemic, as the world economy stares at a liquidity trap.
 
                  
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