Search For "pakistan economic crisis"
Instead of fixing economy Pak politicians embroiled in a tug-of-war: repor
Updated : 3 years, 1 month ago IST
Pakistan now faces nationwide electricity cuts, a severe shortage of gas and record-high inflation. This makes many necessary food items away from the general public and the political class of the country is still involved in a political war, reported DW news.
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Pakistan accepts IMF loan conditions, but would it be able to honour them?
Updated : 3 years, 1 month ago IST
The coming financial year may not bring hope for Pakistan as most economic sectors are on the decline. The country's imports are hit because of extremely low forex reserves. Pakistan has also agreed to meet all conditions of the International Monetary Fund (IMF) despite having a history of n
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Pak Defence Minister accuses Imran Khan of taking country into bloodshed
Updated : 3 years, 1 month ago IST
Pakistan's Minister for Defence Khawaja Muhammad Asif on Sunday accused Pakistan Tehreek-e-Insaf (PTI) supremo Imran Khan of taking Pakistan into bloodshed and chaos, adding that the former prime minister should stop calling the army for help and do politics alone as no one will help him now
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Is Pakistan going to default on debt servicing like Sri Lanka?
Updated : 3 years, 1 month ago IST
The economic turmoil in Pakistan has reached alarmingly close to that of Sri Lanka, which had faced a similar situation prior to its default. Pakistan is now standing at the same juncture. Merely a few days or weeks at the most are left for the imminent disaster if some kind of a miracle doe
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Pharmaceutical companies in Pakistan struggling to replenish supplies amid
Updated : 3 years, 1 month ago IST
Pharmaceutical companies have been facing difficulty to maintain stocks of essential life-saving drugs.
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Pakistan: SBP forex reserves reach USD 4.34 billion, Islamabad left with t
Updated : 3 years, 1 month ago IST
The foreign exchange held by the State Bank of Pakistan reached a low of USD 4.343 billion.
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Pakistan secures financial support of USD 4 billion from UAE, Saudi Arabia
Updated : 3 years, 2 months ago IST
According to two separate official announcements, UAE pledged to roll over USD 2 billion debt payable over the next two months and topped this with an additional USD 1bn support promised during Pakistan Prime Minister Shehbaz Sharif's visit to the UAE.
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"Textile industry layoffs prove incompetency of Pakistan government"
Updated : 3 years, 2 months ago IST
Dwindling exports of the textile sector in Pakistan and the government's incompetency to address and handle the ongoing economic crisis costed seven million people their jobs.
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Saudi Arabia planning to increase investments in Pakistan to USD 10 billio
Updated : 3 years, 2 months ago IST
Pakistan, which is facing a severe cash crunch, has found a ray of hope in Saudi Arabia as Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud has directed officials to study augmenting the Kingdom's investments to reach USD 10 billion.
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Pak currency exchange firms offer help as banks back off amid economic cri
Updated : 3 years, 2 months ago IST
Amid depleting foreign reserves, currency exchange firms of Pakistan on Saturday offered to pay for resuming the letter of credit facility (LC) for supporting imports as banks step back due to Pakistan's ongoing economic crisis, according to a Geo News report.
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Is it a match or concert? People gather at Pakistani stadium for recruitme
Updated : 3 years, 2 months ago IST
According to the Pakistan Institute of Development Economics (PIDE), more than 31 per cent of Pakistan's youth is unemployed, The Express Tribune reported in February.
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No change in petrol prices, says Pak Finance Minister
Updated : 3 years, 2 months ago IST
The Finance Minister also said in a televised address that the price of kerosene oil and light diesel will also remain the same.
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