Illicit trade estimated at 20 pc of Pakistan's formal economy

The Pakistan Business Council (PBC), a policy advocacy group representing Pakistan's largest businesses, said the...

Pakistanis migrating abroad for better opportunities

Many Pakistanis, especially the younger generation, are attempting to emigrate abroad in pursuit of employment and...

Pak economy in tatters amid black marketing, smuggling: Report

Pakistan has experienced significant fluctuations in its exchange rates, intensifying its economic challenges....

Pakistan's debt servicing heads towards record PKR 8 trillion

The fiscal year 2023–24 will mark the first time when practically every month of the current fiscal year, federal...

IMF packages will not suffice in keeping Pak economy afloat

Pakistan's economic blindspot continues to be the fact that no amount of IMF bailouts or foreign bailouts will be...

China's actions exacerbating Pakistan's debt issue

By December 2022, Pakistan's external debt had reached USD 126 billion; accounting for 35 per cent of its GDP. The...

Chinese security concerns in Pakistan derail CPEC

Pakistan was amongst the first countries to join the Belt and Road Initiative (BRI) of which the CPEC was called the...

We wanted to get cheap Russian crude oil just like India: Imran

Addressing the nation in a video message, he said, "We wanted to get cheap Russian crude oil just like India but...

Rise of terrorism in Pakistan amid poor economy

Rise in terrorism in Pakistan has become a cause of concern not just for its neighbours but also for the people...

Pakistan: SBP forex reserves sink to a month's of import cover

In its weekly bulletin, the State Bank of Pakistan (SBP) said that its foreign exchange reserves have decreased as...

Saudi Arabia refuses 'easy money' to Pakistan

Saudi Arabia is no longer willing to bail out Islamabad and refused to provide 'easy money' to Pakistan, demanding...

Chinese investors hesitant to finance new projects in Pakistan

Beijing is not happy with the strict conditions of the International Monetary Fund (IMF) for the resumption of the...