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With Pakistan’s per capita income of $1,677, this trajectory points more to economic containment than recovery. | Photo Credit: AFP “The latest International Monetary Fund (IMF) projections for Pakistan suggest that Pakistan’s economy has regained short-term stability, but it remains burdened by high debt, weak investment and slow employment growth,” a media report said on…
Labourers cover themselves with shawls to protect themselves from the cold during the early morning, as they wait for work at the market in Karachi, Pakistan December 26, 2024. REUTERS/Akhtar Soomro | Photo Credit: Reuters The World Bank is set to approve a $20 billion indicative lending package for Pakistan – a pioneering 10-year initiative…
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Pakistan’s Prime Minister Shehbaz Sharif. File | Photo Credit: Reuters Cash-strapped Pakistan will privatise all state-owned enterprises, including the loss-making Pakistan International Airlines, Prime Minister Shehbaz Sharif announced on May 14, broadening the government’s initial plans to make only loss-making state firms private. The announcement to privatise state-run enterprises barring strategic ones comes a day…
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Pakistan’s Prime Minister Shehbaz Sharif speaks at the World Economic Forum (WEF) in Riyadh, Saudi Arabia, April 28, 2024. | Photo Credit: Reuters Pakistan Prime Minister Shehbaz Sharif has met IMF chief Kristalina Georgieva and discussed a new loan programme for the cash-strapped country to put the economy back on track. In a meeting on…
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Pakistan Finance Minister Muhammad Aurangzeb. File | Photo Credit: Reuters Pakistan has formally sought a bailout package in the range of $6-$8 billion with the possibility of augmentation through climate financing from the IMF, a media report said on April 20. Cash-strapped Pakistan also requested to dispatch the International Monetary Fund (IMF) review mission next…
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Economic activity is subdued in Pakistan, the World Bank noted. Representational | Photo Credit: Reuters The World Bank has painted a grim economic picture of Pakistan in its biannual report, cautioning that over 10 million more people are at risk of descending into poverty in the cash-strapped country. The Washington-based lender’s apprehension comes from a…
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Muhammad Ishaq Dar has said that the Pakistani business community wants the government to resume trade with India. File | Photo Credit: PTI Pakistan will “seriously” consider restoring trade ties with India that remained suspended since August 2019, Foreign Minister Muhammad Ishaq Dar has said, indicating a potential shift in diplomatic stance towards the neighbouring…
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Chief Justice of Pakistan Qazi Faez Isa, right, administers the oath of office to newly elected President Asif Ali Zardari during a ceremony at the Presidential Palace, in Islamabad, Pakistan on March 10, 2024. | Photo Credit: AP Pakistan’s newly-elected President Asif Ali Zardari on March 13 announced that he would not draw any salary…
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Pakistani traders went on strike against the soaring cost of living, including higher fuel and utility bills and record depreciation of the rupee against the dollar, which has led to widespread discontent among the public. File | Photo Credit: AP Pakistan’s inflation rate rose to 31.4% year-on-year in September from 27.4% in August, statistics bureau…
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The World Bank has asked Pakistan to tax its agriculture and real estate. (Representational) Islamabad: Pakistan’s 40 per cent of the population lives below the poverty line, as per the World Bank, Dawn reported. Dawn is a Pakistani English-language newspaper. The country now needs to take a look at its policy decisions driven by strong…
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