<?xml version="1.0" encoding="UTF-8"?>
<rss xmlns:media="http://search.yahoo.com/mrss/" xmlns:content="http://purl.org/rss/1.0/modules/content/" version="2.0">
  <channel>
    <title>Aaj TV English News - Business &amp; Economy</title>
    <link>https://english.aaj.tv/</link>
    <description>Aaj TV English</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Wed, 08 Apr 2026 07:29:02 +0500</pubDate>
    <lastBuildDate>Wed, 08 Apr 2026 07:29:02 +0500</lastBuildDate>
    <ttl>60</ttl>
    <item xmlns:default="http://purl.org/rss/1.0/modules/content/">
      <title>Cheeni Kum time for Pakistan’s chai-wallahs</title>
      <link>https://english.aaj.tv/news/30289413/cheeni-kum-time-for-pakistans-chai-wallahs</link>
      <description>&lt;p&gt;&lt;strong&gt;Pakistani tea-drinkers expressed divided opinion on Wednesday a day after a government minister urged them to cut down on their tea consumption to help reduce the import bill and to save the country’s depleting foreign exchange reserves.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;Minister for Planning and Development, Ahsan Iqbal, said on Tuesday (June 14) Pakistanis should reduce their tea consumption by “one or two cups” per day.&lt;/p&gt;
&lt;p&gt;“I will appeal to the nation to reduce tea intake by one or two cups (daily) because we borrow money for tea import as well,” he told reporters in Islamabad.&lt;/p&gt;
&lt;p&gt;The minister asked people to support government efforts to steer the country out of the economic crisis.&lt;/p&gt;
&lt;p&gt;“We know such people who drink five, six cups of tea a day. They work outdoor and feel tired and the often sit at a restaurant and drink tea. If we, all of us, cut down a cup of tea, may be our economy improves and the import is eased,” said cloth merchant Waleed Ansari who came to a roadside café to drink tea with friend.&lt;/p&gt;
&lt;p&gt;Pakistan urgently needs funds in the face of dwindling foreign exchange reserves, which have reached $9.2 billion - enough for less than 45 days of imports.&lt;/p&gt;
&lt;p&gt;“Our people will never cut down tea drinking. When you tell these people something they start asking questions. So you have to tell people everything about the economy. I don’t think it (cutting down tea) will make any difference,” said Kazim Mirani at another modern style tea café.&lt;/p&gt;
&lt;p&gt;The South Asian nation of 220 million is the world’s largest importer of tea, buying more than $590 million worth in 2020, according to Statista.com, an online portal providing data on the global digital economy, industrial sectors, consumer markets, public opinion, media and macroeconomic trends.&lt;/p&gt;
&lt;p&gt;Pakistan has been facing severe economic challenges for months, leading to an increase in the prices of food, gas and oil.&lt;/p&gt;
&lt;p&gt;The country has banned the import of all non-essential luxury goods in a bid to stabilize the economy.&lt;/p&gt;
&lt;p&gt;Pakistan’s current account deficit has spiralled out of control and its foreign exchange reserves have tumbled while the Pakistani rupee has plummeted to historic lows against the U.S. dollar.&lt;/p&gt;
&lt;p&gt;Pakistan on Wednesday (June 15) further removed fuel subsidies in a bid to trim the fiscal deficit and aimed at securing critical support from the International Monetary Fund (IMF), the finance ministry said.&lt;/p&gt;
&lt;p&gt;This is the third cut in fuel subsidies since May 26.&lt;/p&gt;
</description>
      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>Pakistani tea-drinkers expressed divided opinion on Wednesday a day after a government minister urged them to cut down on their tea consumption to help reduce the import bill and to save the country’s depleting foreign exchange reserves.</strong></p>
<p>Minister for Planning and Development, Ahsan Iqbal, said on Tuesday (June 14) Pakistanis should reduce their tea consumption by “one or two cups” per day.</p>
<p>“I will appeal to the nation to reduce tea intake by one or two cups (daily) because we borrow money for tea import as well,” he told reporters in Islamabad.</p>
<p>The minister asked people to support government efforts to steer the country out of the economic crisis.</p>
<p>“We know such people who drink five, six cups of tea a day. They work outdoor and feel tired and the often sit at a restaurant and drink tea. If we, all of us, cut down a cup of tea, may be our economy improves and the import is eased,” said cloth merchant Waleed Ansari who came to a roadside café to drink tea with friend.</p>
<p>Pakistan urgently needs funds in the face of dwindling foreign exchange reserves, which have reached $9.2 billion - enough for less than 45 days of imports.</p>
<p>“Our people will never cut down tea drinking. When you tell these people something they start asking questions. So you have to tell people everything about the economy. I don’t think it (cutting down tea) will make any difference,” said Kazim Mirani at another modern style tea café.</p>
<p>The South Asian nation of 220 million is the world’s largest importer of tea, buying more than $590 million worth in 2020, according to Statista.com, an online portal providing data on the global digital economy, industrial sectors, consumer markets, public opinion, media and macroeconomic trends.</p>
<p>Pakistan has been facing severe economic challenges for months, leading to an increase in the prices of food, gas and oil.</p>
<p>The country has banned the import of all non-essential luxury goods in a bid to stabilize the economy.</p>
<p>Pakistan’s current account deficit has spiralled out of control and its foreign exchange reserves have tumbled while the Pakistani rupee has plummeted to historic lows against the U.S. dollar.</p>
<p>Pakistan on Wednesday (June 15) further removed fuel subsidies in a bid to trim the fiscal deficit and aimed at securing critical support from the International Monetary Fund (IMF), the finance ministry said.</p>
<p>This is the third cut in fuel subsidies since May 26.</p>
]]></content:encoded>
      <category>Business &amp; Economy</category>
      <guid>https://english.aaj.tv/news/30289413</guid>
      <pubDate>Thu, 16 Jun 2022 11:27:25 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
      <media:content url="https://i.aaj.tv/large/2022/06/161118582c1bcc8.jpg?r=112725" type="image/jpeg" medium="image" height="432" width="768">
        <media:thumbnail url="https://i.aaj.tv/thumbnail/2022/06/161118582c1bcc8.jpg?r=112725"/>
        <media:title>Photo: Reuters
</media:title>
      </media:content>
    </item>
  </channel>
</rss>
