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Pakistan’s economy

  • Economy

    Will turbulent politics distract Nawaz Sharif from economy after his much anticipated return?

    by Mahua Venkatesh October 17, 2023
    by Mahua Venkatesh October 17, 2023

    Pakistan is gearing up for the return of its former Prime Minister and Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif later during the week. Upon his return, he is set …

  • Economy

    Pakistan’s crime rate soars as economic crisis decimates jobs

    by Mahua Venkatesh October 9, 2023
    by Mahua Venkatesh October 9, 2023

    Incidents of crime have been steadily increasing in Pakistan, hit by unprecedented economic crises. While newspapers in Pakistan recently reported how the crime rate surged in Lahore, the problem is …

  • Economy

    Pakistan’s much-hyped oil import deal with Russia runs into rough weather

    by Mahua Venkatesh August 3, 2023
    by Mahua Venkatesh August 3, 2023

    Islamabad’s euphoria over receiving discounted Russian oil could be short-lived. Pakistan, which received the first consignment of Russian oil in June, may have to revisit the deal. In less than …

  • Economy

    China, Pakistan claim CPEC is a success story, but is it for real?

    by Mahua Venkatesh July 30, 2023
    by Mahua Venkatesh July 30, 2023

    No independent or third party assessment has been undertaken for the 10 year old China Pakistan Economic Corridor (CPEC) – the flagship of multi-trillion Belt and Road Initiative (BRI). Even …

  • Economy

    Trust deficit between Pakistan govt and industry captains widens ahead of budget

    by Mahua Venkatesh May 26, 2023
    by Mahua Venkatesh May 26, 2023

    Trust deficit between the Shehbaz Sharif government and Pakistan’s business community is widening. For cash starved Pakistan, which is expecting to clock a GDP growth rate of a mere 0.29 …

  • Economy

    Pakistan’s political turmoil will further impact inflow of foreign loans

    by Mahua Venkatesh May 20, 2023
    by Mahua Venkatesh May 20, 2023

    The ongoing political turmoil in Pakistan will make it even more difficult for the Shehbaz Sharif government to secure the much needed multilateral and bilateral loans. The inflow of foreign …

  • Economy

    Pakistan currency touches all-time low after Saudi, IMF look the other way

    by Mahua Venkatesh April 4, 2023
    by Mahua Venkatesh April 4, 2023

    Aid from Saudi Arabia into Pakistan is thinning amid changing global geopolitical order. The West Asian nation is now changing its stance by clamping up on offering “blank cheque” aid …

  • Economy

    Many in Pakistan dread IMF terms for loan as inflation soars to 35%

    by Mahua Venkatesh April 2, 2023
    by Mahua Venkatesh April 2, 2023

    Pakistan’s record inflation of 35.4 per cent in March has left the country’s Prime Minister Shehbaz Sharif red faced. Islamabad has warned   that the situation would get worse. It will …

  • Economy

    Multinationals in Pakistan scramble as their profit margins plummet

    by Mahua Venkatesh March 31, 2023
    by Mahua Venkatesh March 31, 2023

    The going is getting tougher for multinationals operating in Pakistan, fresh investments will slow down. Along with the economic woes, the deteriorating political and security situation will also be a …

  • Economy

    Karachi based economist asks Shehbaz Sharif to draw lessons from India to manage soaring debt

    by Mahua Venkatesh March 9, 2023
    by Mahua Venkatesh March 9, 2023

    Pakistan’s debt under Prime Minister Shehbaz Sharif has continued to rise and rise at a pace of 15 per cent. Between July—the beginning of the new financial year in Pakistan– …

  • Economy

    Pakistan grinds its teeth as IMF reads out the riot order

    by Mahua Venkatesh March 1, 2023
    by Mahua Venkatesh March 1, 2023

    Cash starved Pakistan, which is currently in talks with the International Monetary Fund (IMF) for resumption of the $6.5 billion loan programme has been miffed by the multilateral agency, which …

  • Economy

    Moody’s downgrades Pakistan’s rating amid depleting forex reserves

    by IN Bureau February 28, 2023
    by IN Bureau February 28, 2023

    In another setback to Pakistan, global ratings agency Moody’s today downgraded the country’s rating to Caa3 from Caa1 as it struggles with depleting foreign exchange reserves and mounting debt levels. …

  • Economy

    Is $8 billion donor pledge to cash-strapped Pakistan only good PR?

    by IN Bureau January 9, 2023
    by IN Bureau January 9, 2023

    Pakistan Prime Minister Shehbaz Sharif, who is currently in Geneva to attend an international Conference on ‘Climate Resilient Pakistan’ along with UN Secretary General Antonio Guterres, has managed to secure …

  • Economy

    Is Ishaq Dar driving Pakistan the Sri Lanka way to bankruptcy?

    by Mahua Venkatesh January 9, 2023
    by Mahua Venkatesh January 9, 2023

    Is Pakistan going the Sri Lanka way? Pakistan is staring at bankruptcy even as it managed to repay about $1 billion to two foreign commercial banks on Saturday. In the …

  • Economy

    Pakistan’s forex reserves drop to 8 year-low level

    by IN Bureau December 30, 2022
    by IN Bureau December 30, 2022

    Pakistan’s foreign exchange reserves held by its central bank has fallen by $294 million in a week to $5.821 billion – just enough to cover imports for a little more …

  • Economy

    Can cash-strapped Pakistan repay a hefty $8.3 billion debt by March?

    by IN Bureau December 29, 2022
    by IN Bureau December 29, 2022

    Pakistan will step into the new year with uncertainty. Come January, Islamabad will be required to make repayments of $1 billion to two commercial banks in the Gulf. In the …

  • Economy

    S&P cuts Pakistan’s rating amid falling forex reserves

    by IN Bureau December 23, 2022
    by IN Bureau December 23, 2022

    S&P Global Ratings further downgraded Pakistan’s long term sovereign credit rating to ‘CCC+’ from ‘B-‘. Pakistan, foreign exchange reserves which are already under $7 billion level will continue to remain …

  • Economy

    Pakistan’s economic crisis deepens amid growing political turmoil

    by Mahua Venkatesh December 20, 2022
    by Mahua Venkatesh December 20, 2022

    Pakistan’s economic crisis is deepening amid rising political and security uncertainty. Though the country managed to avert a default earlier this month, the challenges on the economic front are multiplying …

  • Economy

    FDI flows into Pakistan take a hit amid political turmoil

    by Mahua Venkatesh December 19, 2022
    by Mahua Venkatesh December 19, 2022

    Pakistan’s political uncertainty has had an impact on the inflow of foreign direct investments (FDI). In November, Pakistan’s net FDI inflow stood at $81.8 million — a drop of 48 …

  • Economy

    Pakistan-IMF talks hit roadblock again

    by Mahua Venkatesh November 20, 2022
    by Mahua Venkatesh November 20, 2022

    Pakistan’s Finance Minister Ishaq Dar finds himself in a bind. Dar, a close aide of PML-N supremo, was reappointed Finance Minister, promised to bring down prices and reduce taxes. But …

  • Economy

    More and more Pakistanis keen to leave country as political, economic uncertainties rise

    by Mahua Venkatesh November 8, 2022
    by Mahua Venkatesh November 8, 2022

    The uncertainty in Pakistan’s political and economic landscape is pushing more and more of citizens to relocate. The number of Pakistanis wishing to leave the country will rise further as …

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