Pakistan Government

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

Pakistan: Imran Khan in trouble, directly named in 37 cases across country

Out of the total cases, 11 were registered in a single day on 25 May, 2022, while other eight were registered on 26 May

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

Explained: How Pakistan’s Imran Khan evaded arrest with the help of his supporters

Imran Khan played hide and seek with the police, as they showed up at his Zaman Park residence in Lahore on Sunday afternoon to take him into custody in the Toshakhana case. Supporters of the ex-Pakistan prime minister carried out protests outside the house, not allowing the authorities to enter

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

No salaries, ban on luxury cars and 5-star hotels: Pakistan’s austerity measures for politicians who looted the nation

Desperate to save the country from bankruptcy, Shehbaz Sharif announced austerity measures for Pakistan’s ministers. They will get no salaries and have to pay their bills. Five-star stays and purchase of luxury items are banned, as the PM urged the nation to embrace the culture of frugality

Pakistan’s ‘mini-budget’ gives major shocker to common man: How petrol, ghee, cigarettes have become unaffordable

To please the IMF, Pakistan has unleashed misery on its people already grappling with inflation. With an increase in GST, the cost of ghee, cold drinks, and cigarettes will rise. Fuel prices have hit a historic high with petrol costing Rs 272 per litre

Pakistan releases two Indian prisoners, 700 still in jail

According to Protocol Officer Arun Pal, Raju entered Pakistan by mistake, five years ago and the second prisoner Gembra Ram spent around two and a half years in prison in Pakistan

Pakistan’s crisis is only going to worsen: What happens if the country defaults

New York-based global ratings agency Fitch has warned that the ‘possibility of a default’ is real in Pakistan. If the country cannot repay commercial debt, its ability to import goods will be hit. This will lead to higher inflation, industrial losses, and a rise in unemployment

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