AIRLINK 69.20 Decreased By ▼ -3.86 (-5.28%)
BOP 4.90 Decreased By ▼ -0.19 (-3.73%)
CNERGY 4.26 Decreased By ▼ -0.11 (-2.52%)
DFML 31.25 Decreased By ▼ -1.20 (-3.7%)
DGKC 77.25 Increased By ▲ 1.76 (2.33%)
FCCL 20.00 Increased By ▲ 0.48 (2.46%)
FFBL 35.00 Decreased By ▼ -1.15 (-3.18%)
FFL 9.12 Decreased By ▼ -0.10 (-1.08%)
GGL 9.80 Decreased By ▼ -0.05 (-0.51%)
HBL 112.76 Decreased By ▼ -3.94 (-3.38%)
HUBC 133.04 Increased By ▲ 0.35 (0.26%)
HUMNL 6.95 Decreased By ▼ -0.15 (-2.11%)
KEL 4.23 Decreased By ▼ -0.18 (-4.08%)
KOSM 4.25 Decreased By ▼ -0.15 (-3.41%)
MLCF 36.60 Increased By ▲ 0.40 (1.1%)
OGDC 132.87 Decreased By ▼ -0.63 (-0.47%)
PAEL 22.64 Increased By ▲ 0.04 (0.18%)
PIAA 24.20 Decreased By ▼ -1.81 (-6.96%)
PIBTL 6.46 Decreased By ▼ -0.09 (-1.37%)
PPL 116.30 Increased By ▲ 0.99 (0.86%)
PRL 25.90 Decreased By ▼ -0.73 (-2.74%)
PTC 13.08 Decreased By ▼ -1.02 (-7.23%)
SEARL 52.00 Decreased By ▼ -1.45 (-2.71%)
SNGP 67.60 Increased By ▲ 0.35 (0.52%)
SSGC 10.54 Decreased By ▼ -0.16 (-1.5%)
TELE 8.28 Decreased By ▼ -0.14 (-1.66%)
TPLP 10.80 Increased By ▲ 0.05 (0.47%)
TRG 59.29 Decreased By ▼ -4.58 (-7.17%)
UNITY 25.13 Increased By ▲ 0.01 (0.04%)
WTL 1.27 No Change ▼ 0.00 (0%)
BR100 7,399 Decreased By -62.3 (-0.83%)
BR30 23,941 Decreased By -230.4 (-0.95%)
KSE100 70,667 Decreased By -435.6 (-0.61%)
KSE30 23,224 Decreased By -170.8 (-0.73%)
World

North Korea to convene parliament as economic woes cause strain

  • On the agenda are "modification and supplementation" of the national economic plan
Published August 26, 2021

SEOUL: North Korea's Supreme People's Assembly (SPA), the isolated state's rubber-stamp parliament, will meet on Sept. 28 to discuss economic policy and other issues, state media reported on Thursday, as the country faces mounting economic crises.

On the agenda are "modification and supplementation" of the national economic plan, as well as laws related to city and country development, education and recycling, KCNA news agency reported.

The North's parliament rarely meets and usually serves to approve decisions on issues such as governing structures and budgets that have been created by the state's powerful Workers' Party, members of which form the vast majority of the assembly.

The decision to convene the parliament came at a plenary meeting of the SPA's standing committee on Tuesday, KCNA said.

North Korea's economy suffered its biggest contraction in 23 years in 2020 as it was battered by continued UN sanctions, COVID-19 lockdown measures and bad weather, South Korea's central bank has estimated.

North Korea has not confirmed any COVID-19 cases, but closed borders and imposed strict prevention measures, seeing the pandemic as a matter of national survival.

In June, leader Kim Jong Un said the country faced a "tense" food situation, citing the pandemic and last year's typhoons. This summer has seen another round of damaging storms, raising concerns that the harvest could be affected.

Comments

Comments are closed.