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Pakistan gets IMF breather, but economic crisis is here to stay

Finally, Pakistan has something to cheer about as it managed to clinch the much-needed bailout package of $3 billion supported…

1 year ago

Pakistan turns to China, other countries for help as it loses hope of getting IMF loan

Pakistan’s hopes of reviving the $6.5 billion financial assistance package from the International Monetary Fund (IMF) are rapidly diminishing. Islamabad…

1 year ago

How the Army, corrupt elite turned Pakistan into a basket case

Pakistan’s Army needs to take a large chunk of the blame for ruining the country’s economy. Last year, former Army…

2 years ago

Many in Pakistan dread IMF terms for loan as inflation soars to 35%

Pakistan’s record inflation of 35.4 per cent in March has left the country’s Prime Minister Shehbaz Sharif red faced. Islamabad…

2 years ago

Will China prove it is Pakistan’s fair whether friend by not bailing it out from financial distress?

As negotiations between the International Monetary Fund and Pakistan for the resumption of the $6.5 billion financial assistance package is…

2 years ago

Karachi based economist asks Shehbaz Sharif to draw lessons from India to manage soaring debt

Pakistan’s debt under Prime Minister Shehbaz Sharif has continued to rise and rise at a pace of 15 per cent.…

2 years ago

Bloodshed in the AfPak region will further cripple Islamabad’s economy

Even as cash starved Pakistan managed to get a lifeline after old ally China approved rollover of a loan of…

2 years ago

As Pakistan awaits IMF loan, inflation soars amid fears of default

“Must we starve our children to pay our debts?” former Tanzania President Julius Nyerere in 1986 had once asked. Many…

2 years ago

As Pakistan raises taxes to please IMF, many smaller firms may be forced to shut down

Several industries in Pakistan are already in stress after Islamabad unveiled its (Pakistani) Rs 170 billion mini budget to conform…

2 years ago

US auto loan crisis raises alarm as borrowers may default

A crisis-like situation is brewing in the US with auto loan credit demand declining rapidly and the delinquency figure touching…

2 years ago