Pakistan's politicians are failing their most vulnerable

No attempt was made to reduce wasteful government spending or energy usage. No attempt was made to win back external...

India, China to account for half of global growth in 2023: IMF

The International Monetary Fund (IMF) has said the global economy is estimated to grow less than 3 per cent in 2023,...

World Bank reduces Pakistan's growth forecast to 0.4 per cent

Increasing interest rates and uncertainty in financial markets have further enhanced pressure on Pakistan's...

Pak needs foreign loans to avoid public debt crisis: World Bank

The World Bank in its flagship report 'Pakistan Development Update' warned Pakistan regarding serious dangers to its...

Ukraine receives USD 2.7 billion from IMF

Ukraine has received the first tranche of USD 2.7 billion from a new International Monetary Fund (IMF) EEF program,...

State Bank of Pakistan likely to raise interest rate

The staff-level agreement between the International Monetary Fund (IMF) and Pakistan was scheduled to take place on...

Pakistan's inflation soars to 35.4 per cent in March

Pakistan's year-on-year inflation hit 35.37 per cent in March -- the highest in nearly five decades -- as the...

Pak Finance Ministry warns inflation to increase further

According to Pakistan's newspaper, the second-round effect of the policy decision had led to decisions like a rise...

Pakistan waiting for China's decision on its request for rollover

Such a rollover is critical for Pakistan, whose foreign exchange reserves have fallen to four weeks' worth of...

China's premier Li resists new Cold War in warning to US

In a keynote address at the Boao Forum for Asia, Li insisted China "will always be a builder of world peace, a...

Poll delay adds fresh twist to Pak political turmoil

The unrest came as Pakistan faces delays in accessing crucial assistance from the International Monetary Fund,...

Pakistan's economy spiralling out of control

Pakistan is in a fix as it has entered into a vicious cycle of borrowing loans to pay off the debts it had taken...