Pakistan Imf

Why did Pakistan import luxury cars worth billions amid economic crisis?

Pakistan is facing a foreign exchange crunch. But that did not stop the government from reportedly allowing luxury cars to be imported even as essential consumer goods and pharmaceuticals were stuck at ports

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'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.

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.