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	<title>economic strain &#8211; The Milli Chronicle</title>
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	<title>economic strain &#8211; The Milli Chronicle</title>
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		<title>North Korea Calibrates Iran Ties, Signals Openness to US Engagement</title>
		<link>https://www.millichronicle.com/2026/04/64722.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Mon, 06 Apr 2026 06:16:15 +0000</pubDate>
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					<description><![CDATA[Seoul — North Korea is distancing itself from Iran and moderating its public stance on the ongoing conflict to preserve]]></description>
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<p><strong>Seoul</strong> — North Korea is distancing itself from Iran and moderating its public stance on the ongoing conflict to preserve the possibility of renewed engagement with the United States, South Korean lawmakers said on Monday, citing intelligence assessments.</p>



<p>Seoul’s National Intelligence Service (NIS) told a closed-door parliamentary briefing that Pyongyang has not supplied weapons or material support to Iran since the conflict began on February 28.</p>



<p> The agency also noted that North Korea refrained from issuing condolences following the death of Iran’s Supreme Leader Ayatollah Ali Khamenei in air strikes, according to lawmaker Park Sun-won, who attended the session.</p>



<p>The NIS further said Pyongyang did not send a congratulatory message after Mojtaba Khamenei was named Iran’s new supreme leader, underscoring what it described as a cautious diplomatic posture amid the escalating crisis.</p>



<p>While China and Russia have issued multiple statements on the conflict, North Korea’s Foreign Ministry has released only two relatively muted responses, the intelligence agency said. </p>



<p>This restrained approach aligns with a broader pattern in which Pyongyang has avoided direct criticism of US President Donald Trump in recent months.The NIS assessed that North Korea’s calibrated messaging is aimed at maintaining diplomatic flexibility ahead of a potential summit between Chinese President Xi Jinping and Trump expected in May. </p>



<p>Lawmakers were told the strategy reflects Pyongyang’s effort to position itself for a possible shift in geopolitical dynamics once the Middle East conflict stabilizes.Economic considerations are also shaping North Korea’s posture, the NIS said.</p>



<p> The country is facing disruptions in securing industrial supplies, alongside rising prices and currency pressures linked to the broader regional instability. The agency added that Pyongyang is seeking to secure oil supplies from Russia to mitigate the impact.</p>



<p>At the Ninth Workers’ Party Congress in late February, leader Kim Jong Un indicated a willingness to engage with Washington, stating there was no reason the two countries could not improve relations if the United States acknowledged North Korea as a nuclear state and abandoned what Pyongyang considers hostile policies.</p>



<p>According to the NIS, Kim’s remarks were delivered in a personal tone intended to signal openness to dialogue while maintaining strategic leverage, suggesting a calculated effort to keep diplomatic channels viable amid shifting international conditions.</p>
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		<title>Bangladesh Enforces Austerity as Energy Crisis Deepens</title>
		<link>https://www.millichronicle.com/2026/04/64569.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Fri, 03 Apr 2026 08:27:55 +0000</pubDate>
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					<description><![CDATA[Dhaka — Bangladesh has introduced sweeping austerity measures, including reduced office hours and early closure of commercial establishments, as the]]></description>
										<content:encoded><![CDATA[
<p><strong>Dhaka</strong> — Bangladesh has introduced sweeping austerity measures, including reduced office hours and early closure of commercial establishments, as the government seeks to manage a worsening energy crisis driven by global supply disruptions, officials said on Friday.</p>



<p>The cabinet has ordered a 30% reduction in fuel and electricity consumption across government offices, alongside suspending certain staff training programs and halting the procurement of new vehicles, ships and aircraft. Decorative lighting for public celebrations has also been banned as part of broader conservation efforts.</p>



<p>Authorities said shopping malls and retail outlets would close earlier than usual, while office timings have been curtailed to limit overall energy demand in the country of more than 170 million people.</p>



<p>The measures come as Bangladesh grapples with heavy reliance on imported energy, which accounts for approximately 95% of its fuel needs. Officials are seeking alternative energy sources and arranging $2.5 billion in external financing to sustain essential imports.</p>



<p>The crisis has been exacerbated by global energy market volatility linked to ongoing geopolitical tensions, putting pressure on the country’s foreign exchange reserves and raising concerns over energy security.</p>
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		<title>Fuel shock dims Eid earnings for Pakistan’s gig riders</title>
		<link>https://www.millichronicle.com/2026/03/63738.html</link>
		
		<dc:creator><![CDATA[NewsDesk MC]]></dc:creator>
		<pubDate>Thu, 19 Mar 2026 10:47:50 +0000</pubDate>
				<category><![CDATA[Asia]]></category>
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		<category><![CDATA[cost of living]]></category>
		<category><![CDATA[delivery workers]]></category>
		<category><![CDATA[earnings decline]]></category>
		<category><![CDATA[economic strain]]></category>
		<category><![CDATA[Eid al-Fitr]]></category>
		<category><![CDATA[foodpanda]]></category>
		<category><![CDATA[fuel inflation]]></category>
		<category><![CDATA[fuel prices]]></category>
		<category><![CDATA[gig economy]]></category>
		<category><![CDATA[inflation Pakistan]]></category>
		<category><![CDATA[Iran war impact]]></category>
		<category><![CDATA[Karachi riders]]></category>
		<category><![CDATA[labour conditions]]></category>
		<category><![CDATA[minimum wage Pakistan]]></category>
		<category><![CDATA[oil supply shock]]></category>
		<category><![CDATA[Pakistan economy]]></category>
		<category><![CDATA[petrol crisis]]></category>
		<category><![CDATA[ramadan]]></category>
		<category><![CDATA[ride hailing]]></category>
		<category><![CDATA[South Asia economy]]></category>
		<category><![CDATA[urban workers]]></category>
		<guid isPermaLink="false">https://millichronicle.com/?p=63738</guid>

					<description><![CDATA[Karachi &#8211; Delivery riders in Karachi say they are working longer hours ahead of Eid al-Fitr but earning less, as]]></description>
										<content:encoded><![CDATA[
<p><strong>Karachi</strong> &#8211; Delivery riders in Karachi say they are working longer hours ahead of Eid al-Fitr but earning less, as surging fuel prices linked to the U.S.-Israeli war on Iran squeeze incomes during what is typically their busiest season.</p>



<p>A 23-year-old rider, Mohammad Mohsin, said his daily earnings have fallen from around 1,500 rupees ($5.38) to about 1,100 rupees as petrol prices climbed above 320 rupees per litre. “Before it was all mine. Now, a huge sum goes into petrol,” he said.</p>



<p>The spike in fuel prices is hitting low-paid urban workers particularly hard, with many riders struggling to cover basic expenses, let alone seasonal spending associated with Eid. Reuters spoke to more than half a dozen riders across Karachi, all of whom said higher petrol costs had significantly reduced their take-home earnings.</p>



<p>The squeeze comes despite increased demand for deliveries during Ramadan evenings and the Eid period, when food orders typically surge.</p>



<p>Pakistan’s inflation rate, which peaked at 38% in 2023, has eased but remains elevated at around 7%, continuing to push up the cost of food, rent and utilities. Many gig workers earn below the monthly minimum wage of 32,000 rupees ($114.67), with no fixed salaries or employment benefits.</p>



<p>Riders said the combined impact of inflation and fuel costs has eroded their purchasing power, forcing them to prioritise essentials over customary holiday spending.</p>



<p>Companies reliant on gig workers, including foodpanda, say they are adjusting pricing and taking steps to support rider earnings.</p>



<p> However, workers say these measures have not kept pace with rising costs, leaving them to compensate by spending more hours on the road.</p>



<p>Austerity measures, school closures and increased work-from-home practices have also reduced ride-hailing demand, cutting into incomes even as delivery volumes rise.</p>



<p>“We cannot afford clothes or shoes,” said Hizbullah, a 26-year-old delivery rider, reflecting a broader sentiment among workers that a typically festive period has become financially strained.</p>



<p></p>
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