Pakistan Economy

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Pakistan Economy - Total results - 17
'We have fastest-growing economy': Union minister hits back after Imran Khan's better than India remark
World

'We have fastest-growing economy': Union minister hits back after Imran Khan's better than India remark

Imran had on Tuesday said that despite 'unprecedented challenges', his government had to face during its three years in power, Pakistan's economic condition was still better than many countries of the region, particularly India

Pakistan refuses IMF's proposal to renegotiate loan fearing it might impose new conditions
World

Pakistan refuses IMF's proposal to renegotiate loan fearing it might impose new conditions

Pakistan and the IMF had signed a $6 billion deal in July 2019 but the programme was derailed in January 2021 and restored briefly in March, 2021 before again going off the track in June, 2021.

Cash-strapped Pakistan offers $50 mn new credit line to Sri Lanka to boost defence cooperation
World

Cash-strapped Pakistan offers $50 mn new credit line to Sri Lanka to boost defence cooperation

PM Imran Khan announced the new credit line during his two-day visit to Sri Lanka even as his govt is arranging finances from world bodies to tide over the coronavirus crisis

Pakistan slams India's move to alter J&K's domicile law, accuses New Delhi of 'taking advantage' of global focus on coronavirus
India

Pakistan slams India's move to alter J&K's domicile law, accuses New Delhi of 'taking advantage' of global focus on coronavirus

Pakistan has been unsuccessfully trying to drum up international support against India for withdrawing Jammu and Kashmir's special status on August 5 and bifurcating it into two Union territories.

European Union extends Pakistan GSP-Plus status for two years; cash-strapped country to get rebates on duty charges
World

European Union extends Pakistan GSP-Plus status for two years; cash-strapped country to get rebates on duty charges

The European Union has extended the Generalised System of Preferences (GSP) Plus status for cash-strapped Pakistan for two years, allowing the country access to preferential duties on exports to the EU

Pakistan's ailing economy gets $1.3-billion infusion from Asian Development Bank; loan comes after Moody's upgrades country's outlook
World

Pakistan's ailing economy gets $1.3-billion infusion from Asian Development Bank; loan comes after Moody's upgrades country's outlook

The ADB loan comes just days after financial service company Moody's changed Pakistan's outlook from negative to stable.

Post Article 370, Pakistan facing policy crises on Kashmir; creating unrest in Valley to internationalise issue Islamabad's last arrow
India

Post Article 370, Pakistan facing policy crises on Kashmir; creating unrest in Valley to internationalise issue Islamabad's last arrow

Pakistan wants to do something spectacular to pump oxygen into the Kashmir issue that is fast becoming redundant due to fatigue and, also, losing legitimacy, with its sharp turn towards Islamic State-styled caliphate jihadism

International Monetary Fund praises Pakistan's economic performance, approves loan tranche of $450 million for Islamabad
India

International Monetary Fund praises Pakistan's economic performance, approves loan tranche of $450 million for Islamabad

The IMF on Friday praised Pakistan's economic performance and agreed on next steps, paving the way for the release of another portion of a $6 billion, three-year loan package.

IMF's SOS team to visit Pakistan between 16-20 Sept to suggest ways of curtailing gaping budget deficit
World

IMF's SOS team to visit Pakistan between 16-20 Sept to suggest ways of curtailing gaping budget deficit

The IMF is sending its SOS mission to Pakistan this month for suggesting ways to the cash-strapped government to curtail the yawning budget deficit being faced by the country, according to a media report

Pakistan faces highest level of inflation in over 5 years: Amid rising prices, citizens feels Imran Khan is erasing the poor, not poverty
World

Pakistan faces highest level of inflation in over 5 years: Amid rising prices, citizens feels Imran Khan is erasing the poor, not poverty

In Pakistan, surging petrol prices have more than halved the income of taxi driver Yasir Sultan, just one of many consumers whose faith in a government elected last year on a pledge to help the poor has been shattered.

Pulwama terror attack: Withdrawal of MFN status to hit Pakistan economy, says NITI Aayog vice chairman Rajiv Kumar
Business

Pulwama terror attack: Withdrawal of MFN status to hit Pakistan economy, says NITI Aayog vice chairman Rajiv Kumar

India's decision to withdraw the 'most favoured nation' (MFN) status to Pakistan will adversely impact the neighbouring country's economy which is already in "deep trouble", NITI Aayog Vice Chairman Rajiv Kumar said on Friday

IMF staff mission to visit Islamabad next week, initiate talks with Pakistan over bailout application
World

IMF staff mission to visit Islamabad next week, initiate talks with Pakistan over bailout application

IMF Director of Communications Gerry Rice told reporters that the discussions with Pakistan are likely to begin on 7 November. An IMF staff mission will go to Islamabad and initiate discussions with the authorities.

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

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

CPEC risks aggravating political tensions and widening social divides in Pakistan, warns Belgium-based think tank Crisis Group
World

CPEC risks aggravating political tensions and widening social divides in Pakistan, warns Belgium-based think tank Crisis Group

The China-Pakistan Economic Corridor (CPEC) has its fair share of sceptics and opponents around the world, not least in India. Beijing and Islamabad have gone to great lengths to convince the world — again, not least, New Delhi — that the CPEC isn't a venture aimed at antagonising the region. Now, according to a report published by a Belgium-based research group, the project risks fuelling discontent within Pakistan, that could eventually lead to conflict.

India must explore new strategies to counter Pakistan's hostility, and do it without firing a single bullet
India

India must explore new strategies to counter Pakistan's hostility, and do it without firing a single bullet

India needs to explore more effective methods of neutralising this threat. In his classic treatise The Art of War, Sun Tzu had argued that the perfect strategy would be to subdue the enemy without fighting. Novel strategies need to be explored to make the cost of Pakistan's unrelenting hostility literally unaffordable.

Pakistan govt rejects calls to demonetise Rs 5,000 currency note
World

Pakistan govt rejects calls to demonetise Rs 5,000 currency note

Pakistan's government has dismissed a recommendation from the upper house of Parliament to scrap the Rs 5,000 bank note to cut the flow of illicit money and reduce the size of the informal economy