Search For "pakistan economy"
Structural weakness of Pakistani economy driving away investors: Report
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 3 (ANI): The long-standing structural weakness of Pakistan's economy, aggravated by the global challenges of the COVID-19 pandemic and the Ukraine-Russia war, is scaring away the investors in the country, according to a media report.
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Pakistan's sinking economy needs fixing to undo damage done by Imran Khan
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 3 (ANI): Pakistan's sinking economy needs fixing to undo the damage left behind by the "player-playboy-turned-Islamist in democrat's garb Imran Khan" at the end of his three-and-a-half-year long misrule, reported a think tank, Policy Research Group (POREG).
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Pakistan secures USD 8 billion package from Saudi Arabia amid sinking econ
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 1 (ANI): Pakistan, which is grappling with an economic slump, has secured a "sizeable package" of around USD 8 billion from Saudi Arabia during the visit of Prime Minister Shehbaz Sharif, reported local media.
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Soaring oil prices may worsen 'corporate vulnerabilities' in Pakistan
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], May 1 (ANI): The International Monetary Fund (IMF) has warned that the soaring oil prices in the global market amid the ongoing Ukraine-Russia war may worsen "corporate vulnerabilities" in Pakistan, reported local media.
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Pakistan: Finance Ministry forecasts gloomy economy amid rising inflation
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 30 (ANI): Owing to a combination of internal and external challenges of unpredictable tenure in Pakistan, the Ministry of Finance on Friday forecasted tough days ahead -- including rising inflation, expanding current account deficit, higher fiscal deficit and d
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Pakistan's budget deficit under Imran Khan-led PTI shot up to Rs 2.56 tril
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 27 (ANI): Pakistan's budget deficit skyrocketed to Rs 2.56 trillion, 4 per cent of the country's Gross Domestic Product (GDP), during the nine months of the current fiscal under the Former Prime Minister Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) government.
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Pakistan's economy slumps to catastrophic low: Report
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 27 (ANI): While Pakistan's miserable economic condition was shrouded by the political upheaval in the country over the past few months, the newly-elected Shehbaz Sharif government is now staring at an economic catastrophe not seen for decades, said a media report.
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Pakistan's reckless economic policies responsible for massive debt servici
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 26 (ANI): Pakistan's reckless economic policies and excessive overspending, mainly during former Prime Minister Imran Khan's regime, have led to unprecedented pressure on the country's debt servicing and are exasperating the ongoing economic crisis, a media report
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IMF team to visit Pakistan in May to discuss subsidies
Updated : 3 years, 10 months ago IST
Washington [US], April 25 (ANI): The International Monetary Fund (IMF) announced that it will be sending a mission to Pakistan next month after a team of the international lender held discussions with Pakistan Finance Minister Miftah Ismail in Washington.
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Rights activist claims Pakistan saddled with economic, political mess left
Updated : 3 years, 10 months ago IST
London [UK], April 24 (ANI): London-based rights activist said that Pakistan's new regime led by Prime Minister Shehbaz Sharif is burdened by the economic and political mess left behind by his predecessor Imran Khan.
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Pakistan FM claims ex-PM Imran Khan pushed economy into 'subsidy' trap
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 24 (ANI): Accusing former Pakistan Prime Minister Imran Khan of setting a trap for his successors by announcing heavy subsidies on fuel weeks before his ouster, Finance Minister Miftah Ismail has said that the government will have to withdraw the subsidies to revi
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Faced with acute crude oil shortage, Pakistan asks foreign airlines to bri
Updated : 3 years, 10 months ago IST
Islamabad [Pakistan], April 23 (ANI): Pakistan has directed all foreign airlines to bring extra fuel when arriving in the country, which is grappling with a shortage of crude oil, reported local vernacular media.
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