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Pakistan Economy

  • World

    In Paris, China asks Pakistan to crack down on domestic terror organisations

    by Rahul Kumar June 23, 2023
    by Rahul Kumar June 23, 2023

    Even as Pakistan is celebrating the 10-years of the China-Pakistan Economic Corridor (CPEC), issues dog the “game-changer” project that falls under China’s ambitious Belt and Road Initiative (BRI). Chinese Premier …

  • Economy

    Abandoned by the West, Pakistan Army wants Gulf countries to start corporate farming in Pak

    by Rahul Kumar June 22, 2023
    by Rahul Kumar June 22, 2023

    With Pakistan teetering on the brink of financial collapse, the powerful military, which owns large tracts of farmland in the country, has stepped in with an idea that Pakistan gives …

  • World

    Death of 300 migrants in boat tragedy spotlights crisis in Pakistan, POK 

    by Rahul Kumar June 19, 2023
    by Rahul Kumar June 19, 2023

    Pakistan has declared June 19 a national day of mourning for the more than 300 of its nationals who drowned after an overcrowded Libyan boat sank off the coast of …

  • Economy

    Pakistani business house calls for reviving trade with India to bail out ailing economy

    by Mahua Venkatesh June 14, 2023
    by Mahua Venkatesh June 14, 2023

    Pakistan, to fix its economy, must reset it ties with India at the earliest: this is what one of the most prominent business tycoons of the cash starved nation has …

  • Economy

    Pakistan turns to China, other countries for help as it loses hope of getting IMF loan

    by Mahua Venkatesh June 13, 2023
    by Mahua Venkatesh June 13, 2023

    Pakistan’s hopes of reviving the $6.5 billion financial assistance package from the International Monetary Fund (IMF) are rapidly diminishing. Islamabad has now once again reached out to its “iron brother” …

  • Economy

    Pakistan’s woes unlikely to end as budget contours may not please IMF

    by Mahua Venkatesh June 11, 2023
    by Mahua Venkatesh June 11, 2023

    Now that Pakistan’s Finance Minister Ishaq Dar has presented the Union Budget, the moot question is, will the International Monetary Fund (IMF) resume the $6.5 billion financial assistance package for …

  • Economy

    Pakistan’s forex reserves plunge below $4 billion, several companies wind up operations

    by Mahua Venkatesh June 9, 2023
    by Mahua Venkatesh June 9, 2023

    Pakistan’s foreign exchange reserves held by the State Bank of Pakistan have once again fallen below the $4 billion mark to $3.9 billion. On May 26, the forex reserves were …

  • Economy

    Is Finance Minister Ishaq Dar the mascot of Pakistan’s crippled economy?

    by Mahua Venkatesh June 2, 2023
    by Mahua Venkatesh June 2, 2023

    Pakistan’s Finance Minister Ishaq Dar will have to take much of the blame for the country’s deepening economic crisis. The fourth finance minister to assume office in three years, Dar …

  • Economy

    Why CPEC has failed to deliver even after eight years of existence

    by Mahua Venkatesh May 28, 2023
    by Mahua Venkatesh May 28, 2023

    China’s loans to Pakistan have grown manifold in the last 10 years. In June 2013, China’s loans to Pakistan stood at about $4 billion. By June 2017, the loans increased …

  • Economy

    Embattled Pakistan assures repayment of debt but facts show otherwise

    by Mahua Venkatesh May 12, 2023
    by Mahua Venkatesh May 12, 2023

    Time is running out for Pakistan as the deadline to repay $3.7 billion inches closer. The country’s Finance Minister Ishaq Dar has assured timely repayment of the debt – by …

  • Economy

    As Pakistan burns, is it heading for a default in replay of the Sri Lankan crisis?

    by Mahua Venkatesh May 10, 2023
    by Mahua Venkatesh May 10, 2023

    Exactly a year ago, Sri Lanka defaulted for the first time in its history. And now as Pakistan’s economic crisis deepens amid its currency crashing against the US dollar with …

  • Economy

    Forget about economy after Imran Khan’s arrest, capping political unrest in Pakistan would be key

    by Mahua Venkatesh May 9, 2023
    by Mahua Venkatesh May 9, 2023

    The arrest of former Pakistan Prime Minister Imran Khan in Islamabad which has already led to violence in several parts of the country, will further dent the crumbling economy. Economic …

  • World

    US serves notice to Pakistan over neglected embassy building in Washington, cash-strapped Islamabad mulls sale 

    by Rahul Kumar May 8, 2023
    by Rahul Kumar May 8, 2023

    Pakistan’s embassy building in Washington gets a “blighted property” notice from the Department of Buildings (BOD), Washington, following a decade of neglect. The notice said that the Building Enforcement Unit …

  • World

    Can a Baloch journalist, green activists upset Barrick Gold’s plans in Balochistan?

    by Rahul Kumar May 6, 2023
    by Rahul Kumar May 6, 2023

    Just one sentence, “You should go back to Balochistan”, has put Barrick Gold CEO Mark Bristow in hot water. In a shareholders’ meet on Wednesday, Bristow told Baloch journalist Lateef …

  • World

    Sharif lands in the UK for the fourth time amid economic meltdown in Pakistan 

    by Rahul Kumar May 4, 2023
    by Rahul Kumar May 4, 2023

    Pakistani Prime Minister Shehbaz Sharif arrived in the UK on Wednesday to attend King Charles III’s coronation and the Commonwealth leaders’ summit. He also plans to meet his brother and …

  • Economy

    Hungry Pakistan dismayed as untimely rains ruin rice, maize and sugarcane crops

    by Mahua Venkatesh May 3, 2023
    by Mahua Venkatesh May 3, 2023

    Concerns for Pakistan’s policymakers have risen as heavy rains lashed several parts of Pakistan including the Khyber Pakhtunkhwa and Balochistan, crops. These regions were damaged by heavy floods last year …

  • World

    Is Pakistan smuggling food to Afghanistan despite hunger pangs at home?

    by Rahul Kumar May 2, 2023
    by Rahul Kumar May 2, 2023

    Pakistanis are smuggling food to Afghanistan even as their own nation witnesses deaths due to shortage of wheat flour and rising food prices. Western neighbour Afghanistan, which was taken over …

  • World

    Will China’s Gwadar to Kashgar rail link prove to be a non-starter?  

    by Rahul Kumar April 29, 2023
    by Rahul Kumar April 29, 2023

    China plans another monumental corridor project under the Belt and Road Initiative – The China-Pakistan railway. The gigantic enterprise will cost a whopping $58 billion. The railway will join Kashgar …

  • Economy

    Pakistan’s draconian blasphemy laws likely to push economy into deeper crisis

    by Mahua Venkatesh April 26, 2023
    by Mahua Venkatesh April 26, 2023

    Pakistan’s stringent blasphemy laws could dent its already battered economy. The recent arrest of a Chinese engineer, who was accused of blasphemy has sent chills across the country’s industry and …

  • World

    Many Pakistanis feared drowned as two migrant boats sink near Libya

    by Rahul Kumar April 26, 2023
    by Rahul Kumar April 26, 2023

    Numerous Pakistani migrants drowned after two boats sank in the Mediterranean in different parts of Libya on Tuesday. Of the nearly 80 passengers from Pakistan, Syria, Tunisia and Egypt, at …

  • World

    Watch videos: A poor Eid in Pakistan and an unhappy one in Balochistan

    by Rahul Kumar April 24, 2023
    by Rahul Kumar April 24, 2023

    This has been the most difficult Eid for the Pakistanis. Skyrocketing inflation, shortage of food, economic distress, rising violence and deaths over food rations dampened the festivities in the holy …

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