Search For "pak economy"
Illicit trade estimated at 20 per cent of Pakistan's formal economy: Busin
Updated : 2 years, 4 months ago IST
The Pakistan Business Council (PBC), a policy advocacy group representing Pakistan's largest businesses, said the combined value of smuggling, under-invoicing, mis-declaration of imports, counterfeiting and adulteration was estimated at $68 billion or 20 per cent of the formal economy.
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Amid slump in economy, Pakistanis migrating abroad for better opportunitie
Updated : 2 years, 5 months ago IST
Many Pakistanis, especially the younger generation, are attempting to emigrate abroad in pursuit of employment and scholarship possibilities amid a severe economic downturn and hyperinflation.
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Pak economy in tatters amid black marketing, smuggling: Report
Updated : 2 years, 5 months ago IST
Pakistan has experienced significant fluctuations in its exchange rates, intensifying its economic challenges. Experts underscore that a steadfast commitment to eradicating smuggling in key sectors is essential for Pakistan's economic recovery.
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Pakistan’s debt servicing heads towards record PKR 8 trillion as interest
Updated : 2 years, 6 months ago IST
The fiscal year 2023–24 will mark the first time when practically every month of the current fiscal year, federal revenue receipts will be less than what is needed to pay for servicing domestic and international debt. Since the fiscal position will only become worse, there will be more serio
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IMF packages, foreign bailouts will not suffice to keep Pak economy afloat
Updated : 2 years, 7 months ago IST
Pakistan's economic blindspot continues to be the fact that no amount of IMF bailouts or foreign bailouts will be enough to keep the economy afloat without the nation undertaking a comprehensive structural makeover.
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China's actions exacerbating Pakistan's debt issue
Updated : 2 years, 9 months ago IST
By December 2022, Pakistan's external debt had reached USD 126 billion; accounting for 35 per cent of its GDP. The problem is an outcome of legacy issues plaguing the Pak economy including dwindling foreign exchange reserves, high inflation, a lack of foreign investments and balance of payme
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Chinese security concerns in Pakistan derail CPEC
Updated : 2 years, 10 months ago IST
Pakistan was amongst the first countries to join the Belt and Road Initiative (BRI) of which the CPEC was called the 'flagship'. However, despite being claimed to be a 'game-changer' for the Pak economy, the umbrella of projects has struggled to keep up with its timeline.
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"We wanted to get cheap Russian crude oil just like India...," says Imran
Updated : 2 years, 11 months ago IST
Addressing the nation in a video message, he said, "We wanted to get cheap Russian crude oil just like India but that could not happen as unfortunately, my government fell due to a no-confidence motion."
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Rise of terrorism in Pakistan: Youth radicalisation, poor economy responsi
Updated : 2 years, 12 months ago IST
Rise in terrorism in Pakistan has become a cause of concern not just for its neighbours but also for the people living in the South Asian country as extremist groups continue to hunt the youth of the country by radicalising them.
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Pakistan: SBP forex reserves sink to a month's worth of import cover
Updated : 2 years, 12 months ago IST
In its weekly bulletin, the State Bank of Pakistan (SBP) said that its foreign exchange reserves have decreased as of the week ended March 24, which will provide an import cover of less than a month.
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Saudi Arabia refuses 'easy money' to Pakistan, demands economic reforms
Updated : 3 years ago IST
Saudi Arabia is no longer willing to bail out Islamabad and refused to provide 'easy money' to Pakistan, demanding economic reforms, reported Middle East Eye.
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Chinese investors hesitant to finance new projects in Pakistan amid its di
Updated : 3 years ago IST
Beijing is not happy with the strict conditions of the International Monetary Fund (IMF) for the resumption of the USD 6 billion bailout package program, which may exacerbate Pakistan's economic troubles and draw scrutiny to Chinese loans.
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