Search For "pakistan economy"
Moody's downgrades 5 Pakistani banks' ratings; maintains negative outlook
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], October 12 (ANI): Moody's Investors Service has downgraded the long-term deposit ratings to Caa1 from B3 of five Pakistani banks.
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Imran Khan to launch 'fill the prison' movement against ruling coalition
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], October 9 (ANI): Former Prime Minister and Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan announced to launch of 'jail bharo tehreek' (fill the prison movement) against the ruling coalition of Pakistan Muslim League- Nawaz (PML-N) and Pakistan Peoples Party (PPP).
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Pakistan's textile factories shut down due to shortage of cotton
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], October 4 (ANI): The already fragile Pakistan economy, hit hard by the devastating floods, now faces the shutdown of textile factories as the cotton crop has been destroyed.
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Pakistan: KP govt's financial health deteriorates, fails to pay salaries t
Updated : 3 years, 5 months ago IST
Peshawar [Pakistan], October 3 (ANI): Amid the ongoing economic slump across Pakistan, the government of Khyber Pakhtunkhwa province failed to provide salaries to its employees on the first day of October, blaming it on the non-payment of the province's dues by the ruling coalition.
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Pakistan: Flood relief, economy takes backstage; debate over next Army Chi
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], September 30 (ANI): Debate in Pakistan, even amid flash floods and economic turmoil, remains pinned on who should be appointed as the next Army Chief in the next snap elections, Geo Politica reported.
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Pakistan's finance minister Miftah Ismail quits in middle of trip abroad
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], September 26 (ANI): Pakistan Finance Minister Miftah Ismail has stepped down in the middle of a trip abroad amid a serious economic crisis that the country faces following the devastating floods.
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Pakistan unable to tame monster once it built
Updated : 3 years, 5 months ago IST
Islamabad [Pakistan], September 23 (ANI): Pakistani chickens are coming home to roost - unpalatable fact - Islamabad is suffering the direct result of a deliberate policy of inciting, financing, training and equipping terrorists and jihadis.
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Pakistan economy to slow to 3.5% in FY23: ADB report
Updated : 3 years, 5 months ago IST
New Delhi [India], September 22 (ANI): Pakistan's economy is forecast to slow to 3.5 per cent in the financial year 2022-23 due to reasons like devastating floods and policy tightening, the Asian Development Bank (ADB) has said in its latest report.
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Pakistan needs policy overhaul to restore its crisis-ridden economy drifti
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 20 (ANI): Pakistan needs a policy overhaul to restore its crisis-ridden economy which is drifting the Sri Lankan way to default.
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Imran Khan flips on Pak Army chief tenure, suggests to extend his term til
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 13 (ANI): In a change of stance, former Pakistan Prime Minister and Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Monday suggested that Chief of the Army Staff (COAS) General Qamar Javed Bajwa's tenure should be "extended till elections."
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Pakistan in severe liquidity crunch amid ravaging floods
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 10 (ANI): Pakistan's macroeconomic vulnerabilities are not going anywhere as the country is reeling under a severe dollar liquidity crunch while the recent flash floods have aggravated.
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Despite revival of IMF plan, Pakistan faces severe liquidity crunch
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 10 (ANI): Pakistan is still witnessing a severe dollar liquidity crunch despite the resumption of the last month of the International Monetary Fund (IMF) programme, local media reported adding the floods in the country have aggravated the macroeconomic fundame
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