NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Joe Biden
    United States of America
    COVID-19
    Pakistan
    Russia-Ukraine crisis
    NewsBytes
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


    India Business World Politics Sports Technology Entertainment Auto Lifestyle Inspirational Career Bengaluru Delhi Mumbai Visual Stories Find Cricket Statistics Phones Reviews Fitness Bands Reviews Speakers Reviews

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    Home / News / World News / Pakistan: No textbooks for students amid severe paper crisis
    World

    Pakistan: No textbooks for students amid severe paper crisis

    Pakistan: No textbooks for students amid severe paper crisis
    Written by Srishty Choudhury
    Jun 24, 2022, 11:13 am 2 min read
    Pakistan: No textbooks for students amid severe paper crisis
    Pakistan is staring at a major paper crisis.

    Pakistani students are going to face disruptions in their academic session starting August 2022 because of a severe paper crisis ailing the country. The Pakistan paper association has warned that because of the paper crisis in the country, books will not be available to students. This can be attributed to global inflation, monopoly of local paper industries, and the wrong policies of the government.

    Why does this story matter?

    • The situation in Pakistan is dire. Amid the dwindling cash reserves, China is striking a hard bargain with Pakistan over its loan repayment.
    • China demanded repayment of the $55.6 million for the Lahore Orange Line Project by November 2023 even as a Chinese consortium of banks and Pakistan signed a $2.3 billion loan facility agreement that will reach the latter in a few days.

    Prices of paper skyrocketing due to crisis

    In a press conference addressed by the All Pakistan Paper Merchant Association, Pakistan Association of Printing Graphic Art Industry, and the country's leading economist, Qaiser Bengali, students were warned that books wouldn't be available. Local media outlets reported that because of supply shortages, the prices of paper are skyrocketing and publishers are not able to determine the price of books.

    Price of local paper increased by over 200%

    The News International newspaper reported that the price of local paper had increased by over 200% but its quality was inferior to the foreign-manufactured paper. "Since January, an increase of Rs. 100 (Pakistani Rupee) per one kilogram of local paper has been observed," Publishers and Booksellers Association of Pakistan Chairman Aziz Khalid was quoted as saying, adding that industries were staring at a collapse.

    Critics attribute crisis to 'incompetent and failed rulers'

    Critics of the government pointed fingers at the country's "incompetent and failed rulers." Columnist Ayaz Amir underscored the fact that Pakistan is trapped in a vicious cycle of loans. He wrote, "We have seen the rules of Ayub Khan, Yahiya Khan, Zulfikar Ali Bhutto, and Muhammad Zia-ul-Haq...They took loans to solve the problems and then took more loans to pay back the previous loan."

    Share this timeline
    Facebook
    Whatsapp
    Twitter
    Linkedin
    Latest
    China
    Pakistan

    Latest

    Perth Scorchers advance to their eighth BBL final: Key stats Perth Scorchers
    Serie A 2022-23, Inter Milan edge past Cremonese: Key stats Serie A
    Hero Maestro Xoom 110 to launch tomorrow: What to expect Hero MotoCorp
    Cameron Green's bowling load a concern for Australia, Mumbai Indians Cameron Green

    China

    India lost access to 26 patrolling points in Ladakh: Report Ladakh
    California: Mass shooting at Chinese New Year event, 9 dead Mass Shooting
    COVID-19 outbreak has infected 80% of Chinese population COVID-19
    Global recession risk is high, warns World Economic Forum  World Economic Forum

    Pakistan

    India wants to change Indus Waters Treaty, cites Pakistan's 'intransigence' India
    Pakistan seeks bailout amid crisis as currency hits all-time low Pakistan News
    After Shehbaz Sharif's 'peace' remark, India invites Pakistan's foreign minister Bilawal Bhutto Zardari
    India-Pak were on brink of nuclear war after Balakot: Pompeo Mike Pompeo

    Love World News?

    Subscribe to stay updated.

    World Thumbnail
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023