Pakistan Debt

Pakistan rupee plummets to record low. What happens next in the crisis-hit nation?

Pakistan's currency tumbled to a record low of Rs 255.43 against the dollar, as the country battles a shortage of foreign exchange reserves and a food crisis. The authorities hope that the decline in the rupee will win approval from the International Monetary Fund for much-needed financial aid

First no food, now no power in Pakistan: The country’s worsening situation explained

Lights were out across Pakistan on Monday after a breakdown of the national grid. Nearly 220 million people were left without electricity. Airports, hospitals and businesses were all hit, which means more losses for the country facing an economic crisis

'Pakistan drowning in debt', warns PM Shehbaz Sharif as new Cabinet holds its first meeting

'We have to struggle with challenges like poverty, unemployment and inflation as the previous government failed miserably in its fight against hardships,' Sharif told his Cabinet

Pakistan says 'substantive progress' made in bailout talks with IMF; global lender proposes increased energy prices, taxes

Both Pakistan and the IMF still have a wide gap in their positions on the need for the increase in electricity tariff, upward revision in the revenue target and additional tax measures on matters relating to Chinese assistance and its impact — both inflow and outflow.

Imran Khan seeks 'significant shift' in infrastructure projects under China-Pakistan Economic Corridor

Under the previous government there was an emphasis on infrastructure schemes, but the current government of Khan wanted projects involving agriculture, job creation and foreign investment take centre stage, the report said. Pakistan has already approached the International Monetary Fund for a bailout to stabilise the economy.

CPEC unfair to Islamabad, says Pakistan official in rare public criticism of China; comment raises concerns

Dawood’s comments were “mind-boggling” and rare public criticism of China, said Mohammad Zubair, privatization minister in the previous government.

Imran Khan as Pakistan PM could be China’s biggest ally or headache; Beijing betrays rare nervousness

Imran Khan's polarising election campaign has resulted in the creation of bad blood in Pakistan, and China is nervous that the spillover could affect its grand CPEC project