Pakistan Economy

China rattled as Pakistan moves closer to US

<p> <strong>Will China-Pakistan ties get somewhat strained as Pakistan under the Shehbaz Sharif government is now actively making an all-out…

2 years ago

Most Pakistanis prefer democracy over theocracy and military rule–Study

<p> The Pakistani political class has much pondering to do. Most Pakistani citizens are unhappy with the current state of…

2 years ago

Pakistan remains cash starved as IMF and wealthy donor countries play chicken-and -egg

<p> <strong>Pakistan is in a bind.</strong></p> <p> <strong>Cash starved Pakistan’s struggle to secure the much-needed bailout package from the International…

2 years ago

Pakistan plunges into crisis as inflation soars to a record 24.9% in July

<p> <strong>Pakistan’s consumer price index (CPI)-based inflation rate at a record 24.9 per cent for July will cause serious concerns…

2 years ago

Pakistani rupee crashes to new low of 237 per dollar

<p> <strong>Even as the Pakistani rupee has been steadily losing value for the last few months, its fall of more…

2 years ago

Pakistan’s economy takes a beating amid rising political instability following Punjab by-poll results

<p> <strong>The spectacular win for former prime minister Imran Khan’s Pakistan Tehreek-e-Insaaf in the Punjab assembly by-elections has only aggravated…

2 years ago

Pakistan finance minister blames political turmoil for rapid depreciation in country’s currency

<p> <strong>Pakistani Finance Minister Miftah Ismail said the ongoing domestic political turmoil has led to the depreciation of the country’s…

2 years ago

Pakistan Stares At Serious Economic Crisis Amid Fast-Depleting Forex Reserves

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/c5wHNSY0NLI" title="YouTube video player" width="560"></iframe></p> <p> Pakistan has been…

2 years ago

IMF agrees to revive stalled bailout package but will it be enough to revive Pakistan’s sick economy?

<p> <strong>After weeks of hectic negotiations, the International Monetary Fund (IMF) has finally agreed to provide $1.17 billion to cash…

2 years ago

Pakistan’s nascent startup ecosystem nosedives as economic crisis bites

<p> Is the deepening economic crisis in Pakistan starting to impact its startup ecosystem, which was abuzz with funding till…

2 years ago

IMF delays loan deal to Pakistan, embarrassing Sharif govt

<p> <strong>The delay in International Monetary Fund’s (IMF) concretisation of the bailout package for Pakistan has caused much embarrassment for…

2 years ago

Pakistan’s forex reserves fall below the critical $10 billion mark as economy goes into free fall

<p> <strong>Economic crisis in Pakistan is deepening. After its foreign exchange reserves got a boost with an amount of $2.3…

2 years ago

Pakistan could face mass hunger as land use for crops drops

<p> <strong>Concerns over food security are deepening in Pakistan as its all-important agriculture sector is staring at several challenges including…

2 years ago

People in Pakistan forced to live without electricity for more than 10 hours as power crisis intensifies

<p> <strong>Driven by the global energy crisis in the wake of the Russia-Ukraine war, power outages are intensifying in cash…

2 years ago

Pakistan’s clock is ticking as prices surge and IMF talks drag on

<p> <strong>The new financial year in Pakistan has kicked off with uncertainty. Despite the hike in fuel prices, Islamabad’s talks…

2 years ago

Pakistan’s $2.3 billion loan from China not enough–Islambad will have to wrap up a bailout deal with the IMF

<p> <strong>Pakistan can heave a sigh of relief as it signed an agreement with a Chinese consortium of banks for…

2 years ago

Pakistani rupee is the worst performing currency in Asia as value tumbles to 212 per US dollar

<p> <strong>The Pakistani rupee, which depreciated by more than 16 per cent this year, has been the worst performing currency…

2 years ago

Pakistan’s petrol price hike angers citizens, fuel protests by ousted Premier Imran Khan

<p> <strong>Pakistan’s decision to increase fuel prices further by a whopping 29 per cent will push inflation in the coming…

2 years ago

Pakistan in a bind: it urgently needs IMF funds but can’t comply with the tough conditions

<p> <strong>For Pakistan, with foreign exchange reserves of just $9.2 billion—enough for imports for less than two months, the clock…

2 years ago

Pakistan may require a record $24 billion of foreign assistance to ride out an economic collapse

<p> <strong>The Shehbaz Sharif government has missed registering a part of the total quantum foreign debt in the just presented…

2 years ago

Pakistan’s new headache –slowing remittance flow

<p> <strong>Amid yawning current account deficit (CAD) – the difference between inflow and outflow of foreign currency, Pakistan received lower…

2 years ago