Pakistan's monthly inflation rate increases to 28.5 pc

The Pakistan-based news daily reported that this report follows the central bank's recent announcement of its...

Pak ministry says policy execution poses risk to fiscal outlook

In its latest Fiscal Risk Statement (FRS) 2023-24, Pakistan's Ministry of Finance has stated that federal government...

Pak airline seeks USD 75 million as bailout package

The Pakistan International Airline (PIA) has sought a bailout package worth Rs 23 billion Pakistani currency...

Pak: Rising poverty, food insecurity, inflation

In its first quarterly performance report to the Asian Development Bank (ADB) on USD 1.5 billion Building Resilience...

Pak to seek US help for revival of stalled IMF loan programme

According to sources within the Finance Ministry, the incumbent government has decided to seek Washington's help as...

Pakistan spends over PKR 3.2 tn on debt servicing, defence

With a net income of PKR 2.5 trillion, Pakistan's total spending on debt servicing and defence reached over PKR 3.2...

Pakistan's economic woes unlikely to resolve unless it...

According to the economic outlook, Pakistan's overall fiscal deficit stood at 1.5 per cent of GDP during...

Inflation to remain high, between 21-23%: Pak Finance Ministry

For FY23, economic growth is likely to remain below the budgeted target due to the devastation caused by the floods.

Pakistan spends equivalent to 107% govt's net income in July-Nov

In the July-November period of the current fiscal year, an 83 per cent rise was seen in the interest cost on the Rs...

IMF funds to Pakistan may be delayed due to lack of answers

The IMF visit to Pakistan which was scheduled for October has been delayed amidst differences between Pakistan's...

Pakistan economic condition will deteriorate: Report

Pakistan's economic crisis is likely to continue due to political instability, inconsistent government policies, and...

Pakistan govt increases diesel prices amid oil rates fluctuation in global market

Islamabad [Pakistan], August 1 (ANI): Pakistan government on Sunday increased diesel prices by Rs 8.95 per litre...