Pakistani Army Chief warns govt as rising debt from Chinese borrowings smashes economy Pakistan’s Army Chief Syed Asim Munir warned the government against rising foreign debt. Already burdened with a massive debt of… 2 years agoJuly 25, 2023
Pakistan to outsource Islamabad International Airport ops? All eyes on August 12 meet, says report Shehbaz Sharif-led government to hold a major meeting next month to take the decision. 2 years agoJuly 17, 2023
Pakistan secures final IMF approval for $3 billion bailout The IMF executive board on Wednesday approved a nine-month stand-by arrangement to support the Pakistan’s economic stabilization program, the Washington-based… 2 years ago
Pakistan lost over $4 billion in FY23 in remittances as illegal channels offer higher exchange rates Data released by the State Bank of Pakistan (SBP), the country’s central bank, on Monday showed that the month-on-month remittances… 2 years agoJuly 11, 2023
Pakistan Army’s crisis deepens; cuts military rations, exercises amid insufficient bail-out package from IMF As the economic crisis is turning severe, the impact is hurting Pakistan army. The severity has hit the entire military… 2 years agoJuly 6, 2023
IMF board to meet on July 12 to review Pakistan’s loan agreement The Pakistan government and the International Monetary Fund (IMF) reached a long-awaited staff-level agreement on June 29 to inject USD… 2 years agoJuly 5, 2023
Debt-trapped Pakistan slashes trade deficit by 43 per cent in FY 23 The government’s stringent control over imports played a vital role in this significant reduction, as it aimed to stabilise the… 2 years agoJuly 5, 2023
Pakistan, IMF discussing $2.5 billion ‘standby arrangement’ Pakistan’s ninth review by the International Monetary Fund (IMF) under the 2019 Extended Fund Facility (EFF) for the release of… 2 years agoJune 28, 2023
Pakistan reviews FY2024 budget as last ditch effort to clinch IMF deal The review came a day after Prime Minister Shehbaz Sharif met with IMF Managing Director Kristalina Georgieva on the sidelines… 2 years agoJune 24, 2023
Cash-strapped Pakistan government to unveil budget ahead of general elections this year Pakistan government on Wednesday approved a 66 per cent increase in the discretionary budget of parliamentarians, reaching a record Rs… 2 years agoJune 9, 2023
Pakistan Air Force crisis: 250 fighter jet to retire; seeks Chinese jets Pakistan Air Force (PAF) is facing a crisis as it needs to retire its ageing fleet of aircraft in a… 2 years agoJune 9, 2023
Pakistan Foreign Minister Bilawal Bhutto in India: A look at his lifestyle, education, and net worth Bilawal Bhutto Zardari is the 37th Minister of Foreign Affairs. 3 years agoMay 4, 2023
Pakistan lacks ammunition, economic strength to fight India: Ex-army Chief Gen Bajwa to journalists n a revelation, Pakistan’s former Army chief General Qamar Javed Bajwa had reportedly told two senior journalists that Pakistan lacked… 3 years agoApril 24, 2023
Pakistan government shares plan with IMF to secure additional $3 billion support: Report The Washington-based global lender had asked Pakistan to arrange USD 6 billion in external financing but so far only USD… 3 years agoApril 19, 2023
Pakistan finance minister cancels US trip due to political crisis Dar said he would attend important bilateral and multilateral meetings virtually and a Pakistani delegation would be present in Washington. 3 years agoApril 8, 2023
Pakistan raises key rate to record 21% as the nation teeters on the brink of a default The State Bank of Pakistan’s monetary policy committee increased the target rate by 100 basis points. 3 years agoApril 4, 2023
India’s neighbours Pakistan, Sri Lanka to weigh rate hikes as inflation, debt bite Monetary conditions in Pakistan and Sri Lanka are already the tightest in decades — 25 years and 21 years respectively… 3 years ago
Understanding Pakistan’s ongoing crises: An analysis of the interconnected factors Pakistan has been spiralling towards a severe economic catastrophe due to its debt problems, bringing back recent memories of Sri… 3 years agoMarch 29, 2023
Water, debt and drones: Pakistan initiates ceasefire, India agrees – Did economics end the India-Pak conflict?
