Pakistan Economy

Pakistan’s draconian blasphemy laws likely to push economy into deeper crisis

Pakistan’s stringent blasphemy laws could dent its already battered economy. The recent arrest of a Chinese engineer, who was accused…

2 years ago

Many Pakistanis feared drowned as two migrant boats sink near Libya

Numerous Pakistani migrants drowned after two boats sank in the Mediterranean in different parts of Libya on Tuesday. Of the…

2 years ago

Watch videos: A poor Eid in Pakistan and an unhappy one in Balochistan

This has been the most difficult Eid for the Pakistanis. Skyrocketing inflation, shortage of food, economic distress, rising violence and…

2 years ago

Pakistan’s image touches rock bottom, lenders disappear to fund troubled Republic

Amid rising debt levels in Pakistan, it seems that the country’s Finance Minister Ishaq Dar has only one key task…

2 years ago

Holding a Rs 50 billion elections will further sink Pakistan

The impending general elections in Pakistan will further dent the economy. The cost of holding elections is estimated at around…

2 years ago

Pakistan sloshes on cheap Iranian diesel smuggled through Balochistan

If there is something that is in plenty in a cash-starved Pakistan, it is diesel. Iranian diesel is making its…

2 years ago

Desperate Pakistanis smuggle Iranian food to survive during Ramzan festivities

For the Pakistani masses this Ramzan has been about shortage of wheat flour and food inflation. At least 11 people…

2 years ago

14 people injured in food stampede in Pakistan’s Multan

There have been multiple stampede incidents across Pakistan due to the unorganised distribution of free flour, and the latest such…

2 years ago

How political vendetta, murderous radicals and hotheads are turning Pakistan into a failed state

With each passing day, the theatre of the absurd plays to full strength in Pakistani politics. Even as scarcity of…

2 years ago

Profit outflows from Pakistan drop by 80.4 per cent, says SBP

The repatriation of profits from Pakistan by foreign companies dropped by 80.4 per cent during the first eight months of…

2 years ago

Inflation in Pakistan reaches all time high of 46%

Short-term inflation, measured by the Sensitive Price Index (SPI), reached an all-time high of 46.65 per cent year-on-year for the…

2 years ago

Why Pakistan can’t rejoice at falling current account deficit

Pakistan’s current account deficit—the difference between outflow and inflow of dollars or other foreign currencies dropped 86 per cent to…

2 years ago

Saudi’s reluctance to offer help to Pakistan, a wake up call, signals new geopolitical contours

Saudi Arabia’s reluctance to provide any meaningful financial assistance to Pakistan, which is currently in the middle of an unprecedented…

2 years ago

Islamabad police likely to arrest Imran Khan today

Following the directives of Islamabad courts to arrest Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan, sources said the Islamabad police will…

2 years ago

Pakistan becoming land of illiterates as poverty drives out children from school

The deepening economic crisis in Pakistan is leading to a large number of school dropouts. With surging inflation and shortage…

2 years ago

Honda plant in Pakistan to remain shut in March due to financial crunch

Honda Atlas Cars, which assembles Honda automobiles in Pakistan, on Wednesday announced that it would not be able to continue…

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

Desperation sets among Pakistanis as 7 more migrants drown near Libya

Close on the heels of the migrant boat tragedy off the Italian coastline in which at least 28 Pakistanis died,…

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

Baloch politicians threaten to cut-off gas supply as friction with Islamabad rises

Pakistan's precarious financial situation is causing friction with Balochistan which is teetering on the verge of collapse as Pakistan has…

2 years ago