Search For "pakistan economic crisis"
Pakistan International Airlines privatization plan fails due to its financ
Updated : 2 years, 2 months ago IST
Sources suggest that PIA cannot afford to pay more than PKR 8 billion in interest on the PKR 260 billion loan. The commercial banks involved in lending to PIA include the National Bank and Bank of Punjab, along with eight other commercial banks.
Read More
Pakistan's tax collection insufficient to meet financial needs: World Bank
Updated : 2 years, 5 months ago IST
The World Bank has termed the tax collection in Pakistan, the lowest in the region and suggested that the tax collection is not improving in Pakistan.
Read More
"Policies are heavily influenced by vested interests of military...": Worl
Updated : 2 years, 5 months ago IST
The country director for the World Bank in Pakistan, Najy Banhassine said in an overview of reforms for a brighter future: Time to Decide, “Policy decisions are heavily influenced by strong vested interests, including those of military, political and business leaders.”
Read More
Secret Pakistani arms sale to US helped facilitate IMF bailout: Report
Updated : 2 years, 5 months ago IST
A Secret Pakistani arms sales to the US helped facilitate a controversial bailout from the International Monetary Fund (IMF) earlier this year, as per two sources aware of the arrangement, with confirmation from internal Pakistani and American government documents, The Intercept reported.
Read More
Pakistan: Amid public misery, sugar prices reach record high
Updated : 2 years, 6 months ago IST
Amid the economic crisis in Pakistan, sugar prices skyrocketed to a record high of 220 Pakistani Rupees (PKR) in the retail markets of Balochistan, ARY News reported on Sunday.
Read More
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.
Read More
Pakistan, Afghanistan among global food shortage 'hotspots': Report
Updated : 2 years, 9 months ago IST
Warnings on Pakistan and Afghanistan have been issued in a report jointly published by the Food and Agriculture Organisation (FAO) and the World Food Programme (WFP).
Read More
"Will take some time to set economy on right path": Pakistan Finance Minis
Updated : 2 years, 9 months ago IST
Ishaq Dar while talking to a delegation of the Karachi Chamber of Commerce & Industry (KCCI) on Saturday, said: "There's no quick fix, and it will take time as we had faced such challenges in 1998 and 2013; but all of those challenges were efficiently tackled in due course of time."
Read More
Pakistan reeling from its worst economic, political crises: Report
Updated : 2 years, 9 months ago IST
Pakistan's Ministry of Finance has warned of challenges originating from uncertain external and domestic economic environments, including higher inflation and external debt repayments, due to lesser foreign exchange inflows, according to Geo News.
Read More
ADB advises Pakistan to provide targeted subsidies, enhance tax-to-GDP rat
Updated : 2 years, 10 months ago IST
ADB Director General, Central and West Asia Department Yevgeniy Zhukov and Country Director Pakistan Resident Mission Yong Ye stressed on the importance of targeted subsidies to assist downtrodden segments of the society and effective mobilization of domestic resources to help improve the ec
Read More
Amid fiscal woes, private dealers in Pakistan turn to Iran for less expens
Updated : 2 years, 10 months ago IST
Amid reeling economic crisis and shortage of foreign exchange reserves, Pakistanis have turned to Iran for less expensive fuel as the country's inflation rate hit historic highs during the past few months, Geo News reported.
Read More
Pakistan govt borrows PKR 239 billion credit from State Bank of Pakistan:
Updated : 2 years, 10 months ago IST
According to the State Bank of Pakistan Act amended in 2022 on the dictation of the International Monetary Fund (IMF), government borrowing from the central bank is banned.
Read More