Petroleum dealers in Pakistan have allegedly threatened to close their doors due to government efforts to loosen price regulations on fuel goods, ARY News reported on Monday.
A delegation from Pakistan, headed by Finance Minister Muhammad Aurangzeb, has arrived in Washington, D.C., to take part in the World Bank and International Monetary Fund's spring meetings, ARY News reported on Monday.
The Asian Development Bank (ADB) cited political instability, devastating floods, and policy slippage as major obstacles to Pakistan's economic progress in its annual Asian Development Outlook Report 2024.
The comments came after the IMF agreed to a staff-level agreement with Islamabad which, if approved by its board, would disburse the last tranche of USD 1.1 billion under an existing USD 3 billion standby arrangement.
While addressing a press conference in Islamabad on Wednesday, PTI leaders Barrister Gohar Ali Khan, Omar Ayub, Meher Bano Qureshi, and Muzammil Aslam have revealed details regarding PTI's letter to IMF.
An exiled political activist from Pakistan-occupied Kashmir has shown his anger and resentment on the degrading economic and political situation in Pakistan and its occupied territories of PoK and Gilgit-Baltistan.
The price of eggs in Pakistan has soared to 400 Pakistani Rupees (PKR) per dozen in Punjab's provincial capital of Lahore, ARY News reported, citing market sources on Sunday.
The total debt burden on Pakistan has risen to a whopping 63,399 trillion Pakistani Rupees (PKR) by the end of November last year in the financial year 2023-24, ARY News reported on Friday citing an official report.
In the wake of the economic crisis in Pakistan, World Bank Country Director for Pakistan, Naji bin Hussain said that Pakistan's economic development is limited to the elite which resulted in the country lagging behind its fellow countries, Pak Vernacular media reported.
Amid low foreign direct investment (FDI) and nominal export growth, the Pakistan Industrial and Traders Associations Front (PIAF) on Sunday said that foreign remittance flows are crucial to supporting the country's financial balance, Frontier Post reported.
An increase in gas prices has driven the annual short-term inflation in Pakistan to above 40 per cent for the first time in over four months, official data showed on Friday, Dawn reported.