Pakistan Economy
Pakistan Economy News
Pakistan: Kohat residents complain of prolonged suspension of gas and electricity
The prolonged suspension of gas and electricity has dashed the consumers' hopes of a "smooth" supply in the fasting month as promised by the government, as per the news report.
Pakistan: Adiala Jail fails to provide facilities to prisoners due to shortage of funds
The issue was highlighted during a briefing given to Divisional Commissioner Liaquat Ali Chatha during his visit to Adiala Jail on Friday morning. The divisional commissioner visited the jail to inspect the condition of the prison and its inmates.
Desperate for Western aid, crisis-hit Pakistan to supply tanks to Ukraine
Pakistan has been supplying weapons, ammunition and artillery shells to Ukraine since the early days of the invasion by Russia. However, this will be the first time tanks will be supplied to Ukraine by a country other than its western allies
Pakistan PM Sharif says govt will provide subsidised petrol to low-income people
The programme to help the people will be implemented soon and a comprehensive strategy is being formulated on the issue
Pakistan's effort to curb trade deficit leading to crisis of rising unemployment
All production units of Dawlance, a private company with Turkish sponsors, have stayed shut since the start of 2023
IMF makes more demands, puts Pakistan at mercy of 'friendly' nations
Although Ishaq Dar did not name the countries concerned, Saudi Arabia, the United Arab Emirates (UAE), Qatar and China had pledged financial relief to Pakistan during the IMF review
Low on food, high on nukes: Why is bankrupt Pakistan focused on its nuclear programme amid worst crisis?
Pakistan is facing its worst economic crisis. There's a shortage of food and medicines and Islamabad is struggling to acquire a much-needed IMF bailout. Amid its many woes, the attention of its government remains on the country’s nuclear programme. It will not be compromised, it says
Pakistan’s foreign exchange reserves rise by $18m
Pakistan is currently grappling with one of the country’s worst economic crisis amid dwindling foreign exchange reserves.
IMF bailout doubtful, high interest loans from China only option for Pakistan: Bank of America
The Pakistan economic crisis has forced the Pakistani government to impose several harsh measures including increased taxes apart from higher fuel and gas prices in an attempt to persuade the IMF to restart a stalled $6.5 billion loan program. The only other option is high-interest loans from China
Pakistan Economic Crisis: Rising poverty, gun culture drive Pakistanis to violent crimes
While foreign aid had prevented Pakistan from suffering an economic crisis in the past, the current situation is different as the International Monetary Fund (IMF) imposing a host of tough conditions before considering a financial bailout
Taliban takes advantage of Pakistan economic crisis to boost Afghanistan's coffers
With the Taliban collecting tax from businesses across Afghanistan and trucks carrying goods across the Durand Line – the de facto border with Pakistan – the current Afghan regime in Kabul is doing well on the revenue front
Pakistan in more trouble as IMF imposes new condition for financial bailout
In its quest for the IMF bailout, the Pakistan government has come up with several measures. Pakistan’s finance ministry had also informed that the Industrial and Commercial Bank of China Ltd (ICBC) is set to forward a loan of $1.3 billion
Medicines beyond reach, falling ill is death sentence, say poor in bankrupt Pakistan
Poor in Pakistan say that it has been "impossible" for them to buy specialised and life-saving medicines. 'If any of us fall ill, only providence can save us,' said Niaz Ahmed, a loom worker from Faisalabad
Soaring food prices in bankrupt Pakistan push inflation to record high
Pakistan's inflation has soared to a record high of 31.55 per cent in February, compared to 27.6 per cent a month ago
Moody’s slashes Pakistan’s credit rating to its lowest in 30 years: How this worsens the debt-ridden country’s woes
Global ratings agency Moody’s cut Pakistan’s sovereign credit rating from Caa1 to Caa3 — the lowest in three decades — saying this significantly ‘raises default risks’. This is the latest in Islamabad’s economic woes as it struggles to secure a bailout from the International Monetary Fund
Amid medicine shortage, polio outbreak feared in Pakistan as thousands refuse vaccination
The highest number of refusals was registered in the Sindh province of Pakistan, where a total of 37,008 households refused to allow their children to take the polio vaccine
Pakistan Army struggling to feed soldiers as food shortage worsens
Several military officers have discussed the food supply and logistics issues with the Chief of Logistic Staff and the Director General Military Operations, who have raised the issue with Pakistan Army Chief General Asim Munir and its impact on ongoing military operations in Pakistan
Pakistan Economic Crisis: Millions in danger of losing jobs as industries shut down
The devastating floods of 2022 has played a big role in fuelling the current crisis as the flood waters have destroyed at least 45% of Pakistan’s cotton crop. This has left leaving textile mills without the required amount of raw material
Pakistan govt stops salaries, payment of bills as economic crisis worsens
The Ministry of Finance and Revenue also instructed the Accountant General of Pakistan Revenues (AGPR) to halt the clearing of all the bills of the federal ministries/divisions and attached departments until further notice
S Jaishankar rules out India's help for cash-strapped Pakistan
Speaking at the annual Asia Economic Dialogue organised by the external affairs ministry in Pune, Mr Jaishankar said he will consider the local public sentiment while making a big decision