Search For "pakistan economic"
Spectre of potential default looms large over Pakistan's economy: Report
Updated : 3 years ago IST
The consequences of a default for Pakistan's economy would be dire with hyperinflation, devaluation of the Pakistani rupee, a near-halt in imports, the closure of more factories, an increase in unemployment and political and social unrest.
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Army, CPEC activities damage ecology of Pakistan-occupied Kashmir
Updated : 3 years ago IST
The CPEC passes through the Khunjerb Pass in the Gilgit Baltistan region where activity has increased as the Chinese seek more and safer access across the unstable region where their employees and enterprises have been assaulted by terrorists.
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China-Pakistan Economic Corridor will connect Afghanistan to the region an
Updated : 3 years ago IST
The Taliban's deputy spokesman for MoFA, Hafiz Zia Ahmad Takal, said there is a need for the implementation of major economic projects in Afghanistan.
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China interested in funding Pakistan railway network despite possible loss
Updated : 3 years ago IST
In Pakistan, the ambitious plan takes into consideration the lack of capacity, necessary infrastructure, inadequate human and technical capabilities, and security threats to its installations and personnel from Gilgit-Baltistan in the north to Balochistan in the south of Pakistan.
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China, Pakistan include Taliban-ruled Afghanistan in Belt and Road Initiat
Updated : 3 years ago IST
China has also considered Afghanistan's membership and participation in the BRI, with a delegation from Afghanistan participating in its forum in 2017. Afghan delegations have also been participating in Russian economic and trade development forums.
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ADB advises Pakistan to provide targeted subsidies, enhance tax-to-GDP rat
Updated : 3 years, 1 month 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
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Amid fiscal woes, private dealers in Pakistan turn to Iran for less expens
Updated : 3 years, 1 month 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.
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Pakistan: Economic uncertainty shrinks Eid-related spending by 40 pc
Updated : 3 years, 1 month ago IST
According to a report in The Express Tribune, the amount spent on Eid in 2023 was around PKR 432 billion, which was the lowest amount in ten years. This is significantly less than the previous high of PKR 1.1 trillion in 2018 and even less than the PKR 480 billion spent in 2021 amid the Covi
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Pakistan: Sindhis hold protest rally against forced conversions of Hindu g
Updated : 3 years, 1 month ago IST
A large number of Sindhis joined a protest rally in Sann of Pakistan's Sindh province to condemn the forced conversion of Hindu girls, enforced disappearances and genocide of Sindhi political activists.
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Pakistan govt borrows PKR 239 billion credit from State Bank of Pakistan:
Updated : 3 years, 1 month 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.
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Pakistan's food riots, anarchy
Updated : 3 years, 1 month ago IST
Recently, a Pakistani journalist had a rare outburst on Twitter cursing her grandfather for making the decision to choose Pakistan over India during partition...A testimony to the diverging fortunes of the two South Asian NationsOne nation, a thriving democracy heralded as a bright spot in t
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Chinese company announces to cut production over non-payment of dues by Pa
Updated : 3 years, 1 month ago IST
Delayed payments have been a recurring problem and have impacted the China-Pakistan Economic Corridor (CPEC) significantly.
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