Page 2 of Pakistan economy

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…

July 25, 2023 18:27 IST

Pakistan, Pakistan news, Pakistan latest news, Pakistan crisis, Pakistan economic crisis, IMF, Islamabad, Islamabad International Airport, Shehbaz Sharif, Pakistan breaking news

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.

Updated: July 17, 2023 12:43 IST

Pakistan economy, IMF, fund, disbursement, interest rate, IMF deal, credit score, investors, business policies

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…

July 13, 2023 08:17 IST

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…

Updated: July 11, 2023 13:59 IST

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…

July 6, 2023 15:58 IST

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…

Updated: July 5, 2023 14:45 IST

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…

Updated: July 5, 2023 13:39 IST

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…

Updated: June 28, 2023 11:41 IST

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…

June 24, 2023 17:57 IST

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…

Updated: June 9, 2023 12:25 IST

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…

Updated: June 9, 2023 18:35 IST

Bilawal Bhutto, Bilawal Bhutto in India, Bilawal Bhutto net worth, Bilawal Bhutto lifestyle, who is Bilawal Bhutto, Pakistan news, Pakistan finance, Pakistan economy

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.

May 4, 2023 16:30 IST

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…

April 24, 2023 17:14 IST

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…

Updated: April 19, 2023 12:00 IST

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.

April 8, 2023 18:59 IST

Pakistan, economy, central bank, interest rate, tax

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.

April 4, 2023 17:49 IST

economy, pakistan, sri lanka, rate hikes, inflation, debt, funding woes, fiscal policy, food prices, IMF loan, market demands, currency depreciation, foreign exchange reserves

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…

April 4, 2023 11:51 IST

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…

Updated: March 29, 2023 16:04 IST

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Trump admin orders halt on green cards for 235,000 refugees, cites ‘operational necessity’

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