Search For "pakistan economic crisis"
Pakistani rupee registers all-time low amid falling foreign currency reser
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 12 (ANI): Ahead of the delay in the revival of the International Monetary Fund (IMF) programme and falling foreign currency reserves, the Pakistani rupee hit an all-time low against the US Dollar, crippling the country's economy further.
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IMF to discuss subsidies on petroleum products, electricity and gas on arr
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 8 (ANI): International Monetary Fund's special delegation is all set to arrive in Pakistan to discuss the budget recommendations alongside subsidies on petroleum, electricity and gas with the federal government.
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Pakistan's trade deficit swells to USD 39.3 billion in ten months
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 7 (ANI): Pakistan's trade deficit swelled to a massive USD 39.3 billion in the last 10 months of the fiscal year 2021-22, putting pressure on the country's foreign currency reserves in a sign of the worsening economic woes of the country, a media report said.
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Structural weakness of Pakistani economy driving away investors: Report
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 3 (ANI): The long-standing structural weakness of Pakistan's economy, aggravated by the global challenges of the COVID-19 pandemic and the Ukraine-Russia war, is scaring away the investors in the country, according to a media report.
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EU toughens stance on compliances with Pakistan under GSP Plus
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 3 (ANI): Tightening sanctions on Pakistan's compliance under GSP Plus, the European Union is proposing to add five new conventions to reinforce the social, labour, environmental and climate dimensions of the scheme, as the current framework expires at the end of 202
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Pakistan records two-year high inflation in April
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 2 (ANI): Amid the declining economy in Pakistan, the month of April recorded two-year high inflation of 13.37 per cent as measured by the Consumer Price Index (CPI) on Sunday.
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Pakistan likely to face acute water shortage within three years
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 2 (ANI): Of all the crises confronting Pakistan today, water scarcity is the least talked about but most challenging for a country where over 30 million citizens have no access to clean drinking water. In three years, Pakistan will be staring at acute water scarcity
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Pakistan: Finance Ministry forecasts gloomy economy amid rising inflation
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 30 (ANI): Owing to a combination of internal and external challenges of unpredictable tenure in Pakistan, the Ministry of Finance on Friday forecasted tough days ahead -- including rising inflation, expanding current account deficit, higher fiscal deficit and d
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Billionaires dominate newly formed Pakistan Economic Advisory Council
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 29 (ANI): Pakistan's Prime Minister Shehbaz Sharif has picked up members of the country's billionaire club as members of the Economic Advisory Council (EAC) to change the economic direction and end protectionist policies, Express Tribune reported.
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Pakistan's reckless economic policies responsible for massive debt servici
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 26 (ANI): Pakistan's reckless economic policies and excessive overspending, mainly during former Prime Minister Imran Khan's regime, have led to unprecedented pressure on the country's debt servicing and are exasperating the ongoing economic crisis, a media report
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Pakistan: Political instability, policy paralysis exacerbating economic di
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 20 (ANI): Political instability and policy reform slippages are exacerbating the economic distress that Pakistan has been facing in the last few years according to a World Bank report.
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Pakistan's public debt stands at Rs 42.7 trillion
Updated : 3 years, 11 months ago IST
Islamabad [Pakistan], April 18 (ANI): Pakistan's total public debt till December 2021 stood at Rs 42,745 billion, including Rs26,745 billion domestic debt and Rs15,950 billion external liabilities, according to a report released by the finance ministry.
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