Page 3 of Pakistan economy

Pakistan economic crisis: Army commanders’ conference sparks fears of another military coup

Since the fallout of Pakistan’s negotiations with the International Monetary Fund, the Pakistani army called out a meeting with its…

Updated: March 25, 2023 18:33 IST

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

Cash-strapped Pakistan seeks US help to secure ‘lenient treatment’ from IMF for USD 1.1 billion funding

After failing to convince the global lender, Islamabad is left with no option but to seek help from Washington and…

March 14, 2023 11:29 IST

No salaries, no food for Pakistan army: Economic crisis hits hard

Amid an ongoing economic crisis, Pakistan’s external debt and liabilities have almost reached $130 billion — 95.39 per cent of…

March 3, 2023 15:30 IST

Pakistan economy, economic crisis, US funds, external funds, foreign aid, IMF, Nikki Haley, Presidential candidate, S Jaishankar, terrorism, interest rate, fuel prices

Pakistan’s US stream of funds under attack; here’s why crisis-laden country is dependent on foreign aid

While attacking the current regime claiming that America is paying millions to the ‘bad guys’. She tweeted, “A weak America…

March 2, 2023 17:17 IST

Pakistan, Pakistan news, Pakistan latest news, Pakistan economy, IMF, Shehbaz Sharif, IMF news

Pakistan will unwillingly accept strict conditions of IMF deal, says PM Sharif

Once the deal is signed, the lender will issue over a $1 billion tranche from the $6.5 billion bailout agreed…

Updated: February 24, 2023 19:26 IST

Pakistan share market tumbles in last 1 week as country declared bankrupt; economic, political crises deepen

On Tuesday, Pakistan stock market recovered Monday’s losses, rising 256 pts or 0.63% to 40,930.61. Analysts attributed yesterday’s fall to…

February 21, 2023 13:10 IST

India Pakistan economy, India Pakistan war, India Pakistan nuclear weapon

India’s rise, Pakistan’s fall: How two neighbouring nations economic fortunes’ diverged in last 10 years

India’s strength in its control over inflation, growing forex reserves and incrementally improving geopolitical goodwill. In contrast, Pakistan is battling…

February 6, 2023 18:13 IST

IMF, economic crisis, Pakistan, economic reforms, fiscal reforms, funding, import, fuel subsidies, local currency, interest rates, energy costs

Pakistan, IMF start talks to unlock crucial $7 billion bailout

Finance Minister Ishaq Dar met IMF Pakistan Mission Chief Nathan Porter, the finance ministry said, and briefed him on the…

January 31, 2023 16:40 IST

pakistan, pakistan economy, pakistan bailout, pakistan economic package,

Cash-strapped Pakistan’s rupee plunges amid talks with IMF

Analyst Ahsan Rasool says the rupee’s decline is a sign that Pakistan was close to securing the much-needed loan from…

January 26, 2023 16:42 IST

economy, pakistan, productivity, growth, manufacturing, TFP, GDP growth, sectoral performance, technology adoption

Pakistan’s average productivity growth remained just 1.5% from 2010 to 2020

The economy-wide TFP growth estimates show that both TFP and GDP growth have been erratic in Pakistan since the early…

January 16, 2023 12:27 IST

economic crisis, Pakistan, energy import, energy consumption, external debt, auction, price rise, imported fuel, economy, import cost, global inflation, political instability, foreign exchange reserves, bailout package, IMF

Pakistan economic crisis explained: Why is India’s neighbour forced to shut malls, markets, wedding halls

Pakistan is struggling to cope with growing debt, inflated energy import costs, dwindling foreign exchange reserves, global inflation, political instability,…

January 6, 2023 18:10 IST

Pakistan, Pakistan news, Pakistan latest, Pakistan latest news, Pakistan economy, IMF, International Fund, Pakistan economy

Pakistan, IMF begin online talks on $7 billion loan review

Pakistan reserves stood at $7.8 billion as of Nov. 18, barely enough to cover imports for a month. The Pakistan…

Updated: November 28, 2022 21:42 IST

Death toll from floods near 1,700, puts pressure on Pakistan’s fragile economy

The floods have destroyed 13,074 km of roads, 410 bridges and 2,045,349 while killing 1,160,078 livestock, according to the NDMA…

October 1, 2022 20:08 IST

Massive floods likely to reduce Pak’s GDP by over 2 percentage points, says PM Shehbaz Sharif

The prime minister said as per initial estimates, the floods are likely to reduce Pakistan’s GDP by over 2 percentage…

Updated: September 14, 2022 01:24 IST

"As per the IMF, there is a $4 billion gap," the minister, Miftah Ismail, told a news conference in Islamabad, referring to the shortfall in foreign reserves. (Representative image)

Pakistan to get $4 billion from friendly countries to shore up reserves

Without the IMF deal, which should open up other avenues for external finance, Ismail said the country could have headed…

July 16, 2022 19:36 IST

Pakistan’s trade deficit hits record-high of USD 48.66 billion as imports soar

The IMF has set tough preconditions like hiking electricity tariffs and imposing a levy on petroleum products to revive the…

July 3, 2022 15:38 IST

IMF sets tough conditions for Pakistan to revive USD 6 billion loan facility: Report

The International Monetary Fund has also asked Pakistan to set up an anti-corruption task force to review all the existing…

June 29, 2022 12:42 IST

Pakistan PM Shehbaz Sharif seeks emergency plan to cut load shedding

The prime minister directed that the plan should ensure a visible decrease in electricity load-shedding for the people of Pakistan.

Updated: June 5, 2022 16:17 IST

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