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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

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

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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

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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