Pakistan Economy

<p> <strong>After weeks of hectic negotiations, the International Monetary Fund (IMF) has finally agreed to provide $1.17 billion to cash strapped Pakistan under the extended fund facility (EFF), which was …

<p> Is the deepening economic crisis in Pakistan starting to impact its startup ecosystem, which was abuzz with funding till recently? With Pakistan’s most watched out startup — Airlift, announcing …

<p> <strong>The delay in International Monetary Fund’s (IMF) concretisation of the bailout package for Pakistan has caused much embarrassment for the Shehbaz Sharif government especially as it has been steadily …

<p> <strong>Economic crisis in Pakistan is deepening. After its foreign exchange reserves got a boost with an amount of $2.3 billion from a consortium of Chinese banks flowing in, its …

<p> <strong>Concerns over food security are deepening in Pakistan as its all-important agriculture sector is staring at several challenges including climatic changes, shrinking cultivable area, domestic shortage of water and …

<p> <strong>Driven by the global energy crisis in the wake of the Russia-Ukraine war, power outages are intensifying in cash starved Pakistan with many urban places having to live without …

<p> <strong>The new financial year in Pakistan has kicked off with uncertainty. Despite the hike in fuel prices, Islamabad’s talks with the International Monetary Fund (IMF) have not concluded yet. …

<p> <strong>Pakistan can heave a sigh of relief as it signed an agreement with a Chinese consortium of banks for a $2.3 billion loan facility at a time when its …

<p> <strong>The Pakistani rupee, which depreciated by more than 16 per cent this year, has been the worst performing currency in Asia amid deepening economic crisis and dwindling foreign exchange …

<p> <strong>Pakistan’s decision to increase fuel prices further by a whopping 29 per cent will push inflation in the coming months. In May the annual inflation in Pakistan stood at …

<p> <strong>For Pakistan, with foreign exchange reserves of just $9.2 billion—enough for imports for less than two months, the clock is ticking as negotiations with the International Monetary Fund (IMF) …

<p> <strong>The Shehbaz Sharif government has missed registering a part of the total quantum foreign debt in the just presented budget "by mistake." This amounts to $7 billion comprising part …

<p> <strong>Amid yawning current account deficit (CAD) – the difference between inflow and outflow of foreign currency, Pakistan received lower remittances in May. This will lead to fresh concerns for …

<p> Soon after assuming office in Islamabad, the newly anointed Pakistani Prime-Minister Shehbaz Sharif headed for Saudi Arabia and the United Arab Emirates. His motivation was clear—to seek finances that …

<p> <strong>Cash starved Pakistan, which is negotiating with the International Monetary Fund for a bailout package, has increased its defence budget by 11 cent for financial year 2022-23, against the …

<p> <strong>The Pakistan rupee, which hit a fresh low of 202.83 to a US dollar on Tuesday, could continue to fall further as the much awaited bailout package from the …

<p> <strong>Pakistan's common citizens are the most concerned as they have to brace for tougher times. </strong><strong>The International Monetary Fund has underlined the need that Pakistan has to undertake more reform …

<p> <strong>Inflation is continuing to rise in Pakistan. In May, the cash starved South Asian nation’s consumer price index (CPI) stood at 13.76 per cent- the highest in two and …

<p> <strong>Cash starved Pakistan and its long term ally Turkey have recently renewed their pledge to deepen trade relations. Pakistan Prime Minister Shehbaz Sharif who is in Turkey set a …

<p> <strong>Pakistan is staring at a fuel crisis driven by a massive disruption in the supply chain network. According to reports, international banks are unwilling to accept letters of credit …

<p> <strong>Pakistan’s foreign exchange reserves has further dropped to a level of $16.4 billion – the lowest since December 2019 amid yawning current account as well as trade deficits coupled …