International Monetary Fund

Pakistanis face prospects of hunger as Sharif bows to IMF, hikes fuel prices

Hunger levels in Pakistan will further rise in the coming months. As the Shehbaz Sharif government thrashed out a harsh…

2 years ago

Staring at default, will Pakistan go for debt restructuring kicking and screaming?

After Sri Lanka, will Pakistan be the second South Asian nation to participate in the debt restructuring exercise? Amid deepening…

2 years ago

Pakistan set to bow to IMF’s demands as forex reserves drop to a paltry $3.08 billion

With foreign exchange reserves dropping to $3.08 billion, Pakistan has no other option but to accept the International Monetary Fund’s…

2 years ago

IMF says India still a bright spot as global growth seen slowing to 2.9% in 2023

India remains a bright spot with the country’s growth in 2023 pegged at 6.1% while the global growth rate is…

2 years ago

Lahore petrol station set on fire as fuel price hike hits common people in Pakistan

A petrol station in Lahore has been set on fire as hike in fuel prices takes its toll on common…

2 years ago

Will Finance Minister Ishaq Dar take responsibility for Pakistan’s economic crisis?

As Pakistan is currently staring at one of the worst economic crises in its history, the country’s Finance Minister Ishaq…

2 years ago

Pakistan is seeking loans to avert default but bigger problems lie ahead

Pakistan’s economy is now being run almost entirely by borrowed money. Even as last week Pakistan managed to secure fresh…

2 years ago

Will Saudi Arabia’s assistance to Pakistan resolve its knotty economic issue?

The news that Saudi Arabia is ready to provide assistance to cash starved Pakistan has made headlines. But policymakers’ worries…

2 years ago

Is Ishaq Dar driving Pakistan the Sri Lanka way to bankruptcy?

Is Pakistan going the Sri Lanka way? Pakistan is staring at bankruptcy even as it managed to repay about $1…

2 years ago

Pakistan on tenterhooks as Saudi Arabia keeps mum on critical $3 bn loan

Pakistan, which will have to make a repayment of $1 billion by next week to avoid a default, is desperately…

2 years ago

Is debt-ridden Pakistan set to kowtow before the IMF as 2023 begins?

After severely criticising the International Monetary Fund (IMF) for setting stringent riders for the $7 billion loan package under the…

2 years ago

Pakistan’s forex reserves drop to 8 year-low level

Pakistan’s foreign exchange reserves held by its central bank has fallen by $294 million in a week to $5.821 billion…

2 years ago

Can cash-strapped Pakistan repay a hefty $8.3 billion debt by March?

Pakistan will step into the new year with uncertainty. Come January, Islamabad will be required to make repayments of $1…

2 years ago

Pakistan’s economic crisis deepens amid growing political turmoil

Pakistan’s economic crisis is deepening amid rising political and security uncertainty. Though the country managed to avert a default earlier…

2 years ago

FDI flows into Pakistan take a hit amid political turmoil

Pakistan’s political uncertainty has had an impact on the inflow of foreign direct investments (FDI). In November, Pakistan’s net FDI…

2 years ago

Pakistan’s forex kitty close to nil

Pakistan’s foreign exchange reserves at $6.72 billion – lowest in almost four years -- mostly comprises borrowed money from other…

2 years ago

India to grow between 6.5-7.1%: Deloitte

India’s growth rate Is expected to clock between 6.5 per cent and 7.1 per cent during the current financial year…

2 years ago

Pakistan-IMF talks hit roadblock again

Pakistan’s Finance Minister Ishaq Dar finds himself in a bind. Dar, a close aide of PML-N supremo, was reappointed Finance…

2 years ago