Pakistan economy

Pakistan's economy contracts for first time in 68 years by -0.38% amid COVID-19 pandemic

For the first time in 68 years, Pakistan's economy has marginally contracted by 0.38 per cent in the outgoing fiscal year due to adverse impacts of novel coronavirus coupled with economic stabilisation policies that had hit the industrial sector much before the deadly pandemic.

Jun 11, 2020, 21:10 PM IST

''Without India, there is no development'' Concerned Imran

While speaking at Davos in Switzerland Prime Minister of Pakistan expresses his concern over relations with India and how its affecting Pakistan's economy.

Jan 23, 2020, 11:30 AM IST

Decision to suspend bilateral trade with India backfires as Pakistan industries bear the brunt

Industry leaders in Pakistan admit Indian goods are often cheaper than those from elsewhere but say they will have to 'face the challenge for the sake of the country.'

Aug 12, 2019, 21:07 PM IST

Pakistan rupee reaches record low, sliding more than 3% slide in a day

The rupee closed at 161.94 against the dollar in the interbank market, continuing a slide since Pakistan signed an agreement with the International Monetary Fund last month for a $6 billion loan.

Jun 27, 2019, 12:50 PM IST

Exercise equipment and furniture arrive in Pakistan before Saudi crown prince's first-ever visit

Members of the Saudi royal family are known for 'excess baggage' when travelling abroad.

Feb 12, 2019, 16:26 PM IST

Man climbs mobile tower in Pakistan demanding PM post, claims will improve economy

The man, who was not identified, hailed from Sargodha city. 

Dec 22, 2018, 19:14 PM IST

Fitch downgrades Pakistan rating from B to B-negative amid stable outlook

Inflation in the country has risen due to a significant rupee depreciation and higher energy prices, Fitch noted.

Dec 15, 2018, 11:01 AM IST

Pakistan wants bailout packages but finance minister says no economic crisis

Asad Umar has said statements on the economy being in trouble are just rumours.

Dec 05, 2018, 08:41 AM IST

Pakistan living beyond its means for several years, says report

Pakistan looks forward to about USD 6 billion financial bailout from IMF.

Nov 20, 2018, 17:25 PM IST

Hit wicket? Imran Khan cites Hitler to explain why U-turns are vital in politics

"A leader who does not take U-turns is not a true leader."

Nov 17, 2018, 08:13 AM IST

Pakistan braces for painful economic decisions, lower-middle-class could take maximum hit

Pakistan has asked for an $ 8 billion bailout package from IMF but the US is likely to add a roadblock.

Oct 15, 2018, 20:39 PM IST

We have no money to run Pakistan, God has created a crisis to change us: Imran Khan

Maybe God has created the crisis because he wants us to change, says Pakistan Prime Minister Imran Khan on "debt trap".

Sep 15, 2018, 07:26 AM IST

Pakistan's finance minister reveals country needs billions of dollars to stay afloat

Newly-appointed Asad Umar has told Pakistan Senate that all options are under consideration but there is no doubting the money required to be borrowed.

Aug 31, 2018, 17:09 PM IST

Pakistan needs $12 billion just to stay afloat, admits incoming finance minister

Asad Umar has denied his country has a Chinese debt problem but admits a bailout package is the urgent need of the hour.

Aug 05, 2018, 08:50 AM IST

Imran Khan's biggest problem? Billions of dollars needed to pay debt worth billions

The work ahead for Pakistan's charismatic PM-elect is winding and one that could throw an endless stream of economic bouncers on a thorny political pitch.

Aug 03, 2018, 14:33 PM IST

Pakistan Army chief Qamar Javed Bajwa wants talks & peace, but India is not open to it: UK think tank

The commentary noted that Pakistan's prosperity is dependent on peace with India.

May 05, 2018, 12:47 PM IST

Military and debt servicing swallow more than half of Pakistan budget, only 15.2 percent for development

In 2018-19, Pakistan will borrow more than it will repay.

Apr 19, 2018, 00:21 AM IST

Pakistan economy set to surpass last year's decade-high growth

The SBP while announcing the reports on the second quarter economic growth also cautioned that the growth would remain short of the 6 per cent target due likely to lower wheat output and late sugarcane crushing.

Apr 07, 2018, 14:16 PM IST

Rift with US could push Pakistan deeper into China's grip: Report

Being put on the terrorism financing watchlist would lead to a drying up of foreign financing, which could push Islamabad further into China's embrace, which is already raising suspicions in Pakistan.

Mar 28, 2018, 18:29 PM IST

IMF sounds alarm bells as Pakistan's economy slides to danger levels

IMF has stressed the need for Pakistan to bolster its revenue-earning policies to reduce possibly widening fiscal deficit.

Mar 08, 2018, 16:10 PM IST