Search For "pakistan economy"
World Bank suggests Pakistan end subsidies amid "dangerous" fiscal deficit
Updated : 2 years, 11 months ago IST
To improve Pakistan's economy, the World Bank, in its review report, has recommended several suggestions to the country to counter the problem -- starting with the end of subsidies.
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World Bank estimates decline in Pakistan's GDP per capita income to USD 1,
Updated : 2 years, 11 months ago IST
In its report 'Macro Poverty Outlook for Pakistan: April 2023', the bank noted that GDP per capita growth is estimated at -1.5 per cent in 2022-23 in comparison to 4.2 per cent in 2021-22.
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Business confidence drops in Pakistan: Survey
Updated : 2 years, 11 months ago IST
This is a worrying sign for Pakistan's economy, as businesses are the backbone of any nation's economy
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Dangerous ruling buffoons...making a mockery of Pakistan: Imran Khan
Updated : 2 years, 11 months ago IST
"The dangerous ruling buffoons don't realise the damage they are doing to Pak's image abroad by sham FIRs & absurd sedition charges against a former PM for using terms 'Dirty Harry' & 'psycopath'! They are making a mockery of Pakistan," tweeted Khan.
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Pakistan's exports continue to decline for seventh month in a row
Updated : 2 years, 11 months ago IST
According to The Nation, the clothing and textile industry seems to be the most affected, especially factoring in the low cotton yield this season, 4,912,069 bales. This means that Pakistan produced 34 per cent less cotton than last year, making this yield the lowest it has been in the last
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Festival-time woes of Pakistan's religious minorities continue amid soarin
Updated : 2 years, 11 months ago IST
40 per cent inflation drains the festive spirit of Ramzan, Holi and Lenten in Pakistan with its religious minorities among the worst sufferers of the current economic slowdown.
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Pakistan's debt sustainability indicators worsen, public debt rose signifi
Updated : 2 years, 11 months ago IST
Moreover, with heightening currency risks simultaneously with the rupee sinking, foreign countries are shying away from extending loans to Pakistan, reported The Express Tribune.
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Mayhem in Pakistan amid rising inflation, cost-of-living
Updated : 2 years, 11 months ago IST
The lack of coordinated fiscal and monetary policy responses, coupled with the complete inability of the central bank to keep inflation within the target range has led to a scenario where the country is on the verge of a hyperinflationary cycle.
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"Sacks of flour have become sacks of death in Pakistan," JI leader slams P
Updated : 2 years, 11 months ago IST
"This month is a month of great blessings and Pakistan is rich in minerals, yet there are no resources here, Baloch said, adding that sacks of free flour have become sacks of death, humiliation and disgrace," said Baloch.
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Pakistan's inflation soars to 35.4 per cent in March, highest since 1965
Updated : 2 years, 11 months ago IST
Pakistan's year-on-year inflation hit 35.37 per cent in March -- the highest in nearly five decades -- as the government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout.
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Pakistan: 5 injured in scuffle at flour distribution centre in Punjab
Updated : 2 years, 11 months ago IST
In Shorkot, there was a heavy rush of free flour seekers located at the Government Elementary School in Shorkot Cantt. The scuffle occurred between policemen and the people, leading to a stampede-like situation.
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Pakistan's economy spiralling out of control as friendly nations refuse t
Updated : 2 years, 11 months ago IST
Pakistan is in a fix as it has entered into a vicious cycle of borrowing loans to pay off the debts it had taken earlier, thus displaying the scenario that the country's economy will spiral out of control as even friendly countries refused to provide any more easy financial bailout or intere
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