Pak Economy Crisis
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'Surprised To See A Nation Begging For...': Indian Navy Chief On Pak Navy
Indian Navy Chief Admiral Dinesh Tripathi on Monday expressed concerns about Pakistan getting equipment and weapon support from China saying it is very surprising how an economy that is "faltering and begging" for international assistance.
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Pak PM, Cabinet Ministers To Forgo Salaries Due To Economic Crisis
Pakistan Prime Minister Shehbaz Sharif and his Cabinet on Wednesday unanimously decided to forego their salaries and related benefits due to the precarious economic condition of the country.
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Pakistan Faced Worst Economic Crises In 2023: Human Rights Body
Human Rights Watch (HRW) has said that Pakistan faced one of the worst economic crises in 2023, with poverty, inflation and unemployment soaring, jeopardising millions of people's rights to health, food, Dawn newspaper reported.
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World Bank Explains Why Pakistan's Economic Development Ineffective, Limited
In the wake of the economic crisis in Pakistan, World Bank Country Director for Pakistan, Najy Benhassine said that Pak's economic development is limited to the elite which resulted in the country lagging behind its fellow countries.
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IMF Proposes Cash-Strapped Pak To Adopt Austerity In New Projects: Report
The International Monetary Fund (IMF) has reportedly proposed tight austerity conditions in Pakistan's development budget and expressed concern over the allocation of funds for new projects in the current financial year, ARY News reported.
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World Bank's Warning To Pakistan Ahead Of General Polls
Pakistan is on brink of crisis where it should decide to remain a laggard with 40% population living below poverty line under elite capture or change course to take off for a brighter future.
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Pak Politics Seen Key To Deliver On Last-Gasp $3 Billion IMF Bailout
Pakistan won vital breathing space from a potential debt default thanks to a draft agreement with the International Monetary Fund, but political stability will prove key to the South Asian economy in coming months.
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Imran Khan's Arrest Comes As Another Blow To Pak's Crippling Economy
The arrest of former Pakistan Prime Minister Imran Khan and the call from his party for nationwide protests present another blow to the nuclear-armed country struggling with an economic crisis.
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Pak Listed In 15 Worst Countries Under Enormous Debt Stress: Report
Amid its mounting external debt, Pakistan is listed among the 15 countries globally which are under enormous debt stress, Business Recorder reported.
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Hostile Attitude Of Pak Government Forces Multinationals To Flee Country
Companies choosing to enter Pakistan despite the ongoing forex crisis are troubled by the erratic policies of the government and the State Bank of Pakistan, reported Asian Lite International.
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UAE, China Promise $1.3 Billion To Get IMF Deal On Track: Pak Minister
Pakistan announced financial support today from the United Arab Emirates and China totaling $1.3 billion, giving the ailing economy a shot in the arm as it seeks to meet conditions for the resumption of an International Monetary Fund bailout.
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US Encourages Pak To Continue Working With IMF To Improve Its Economy
The US is ready and able to continue to be a partner to the people of Pakistan, said Ned Price.
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Crisis-Hit Pak Agrees To IMF Conditions On Release Of $1.1 Billion Funding
Pakistan has agreed with the International Monetary Fund on the conditions to release about $1.1 billion in critical funding, Finance Minister Ishaq Dar said on Friday, adding that the payout was delayed due to "routine procedures".
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IMF Says "Considerable Progress Made", But No Deal With Cash-Strapped Pak
The IMF on Friday said progress was made during crisis talks with cash-strapped Pakistan, but no deal was announced as their delegation wrapped up an urgent visit to the country.
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Pak Currency Spirals Further, Plummets To Record Low Of 270 Against Dollar
Pakistan needs to complete the ninth review of a $7 billion IMF programme that would not only lead to a disbursement of $1.2 billion, but also unlock inflows from friendly countries and other multilateral lenders.
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'Surprised To See A Nation Begging For...': Indian Navy Chief On Pak Navy
Indian Navy Chief Admiral Dinesh Tripathi on Monday expressed concerns about Pakistan getting equipment and weapon support from China saying it is very surprising how an economy that is "faltering and begging" for international assistance.
-
Pak PM, Cabinet Ministers To Forgo Salaries Due To Economic Crisis
Pakistan Prime Minister Shehbaz Sharif and his Cabinet on Wednesday unanimously decided to forego their salaries and related benefits due to the precarious economic condition of the country.
-
Pakistan Faced Worst Economic Crises In 2023: Human Rights Body
Human Rights Watch (HRW) has said that Pakistan faced one of the worst economic crises in 2023, with poverty, inflation and unemployment soaring, jeopardising millions of people's rights to health, food, Dawn newspaper reported.
-
World Bank Explains Why Pakistan's Economic Development Ineffective, Limited
In the wake of the economic crisis in Pakistan, World Bank Country Director for Pakistan, Najy Benhassine said that Pak's economic development is limited to the elite which resulted in the country lagging behind its fellow countries.
-
IMF Proposes Cash-Strapped Pak To Adopt Austerity In New Projects: Report
The International Monetary Fund (IMF) has reportedly proposed tight austerity conditions in Pakistan's development budget and expressed concern over the allocation of funds for new projects in the current financial year, ARY News reported.
-
World Bank's Warning To Pakistan Ahead Of General Polls
Pakistan is on brink of crisis where it should decide to remain a laggard with 40% population living below poverty line under elite capture or change course to take off for a brighter future.
-
Pak Politics Seen Key To Deliver On Last-Gasp $3 Billion IMF Bailout
Pakistan won vital breathing space from a potential debt default thanks to a draft agreement with the International Monetary Fund, but political stability will prove key to the South Asian economy in coming months.
-
Imran Khan's Arrest Comes As Another Blow To Pak's Crippling Economy
The arrest of former Pakistan Prime Minister Imran Khan and the call from his party for nationwide protests present another blow to the nuclear-armed country struggling with an economic crisis.
-
Pak Listed In 15 Worst Countries Under Enormous Debt Stress: Report
Amid its mounting external debt, Pakistan is listed among the 15 countries globally which are under enormous debt stress, Business Recorder reported.
-
Hostile Attitude Of Pak Government Forces Multinationals To Flee Country
Companies choosing to enter Pakistan despite the ongoing forex crisis are troubled by the erratic policies of the government and the State Bank of Pakistan, reported Asian Lite International.
-
UAE, China Promise $1.3 Billion To Get IMF Deal On Track: Pak Minister
Pakistan announced financial support today from the United Arab Emirates and China totaling $1.3 billion, giving the ailing economy a shot in the arm as it seeks to meet conditions for the resumption of an International Monetary Fund bailout.
-
US Encourages Pak To Continue Working With IMF To Improve Its Economy
The US is ready and able to continue to be a partner to the people of Pakistan, said Ned Price.
-
Crisis-Hit Pak Agrees To IMF Conditions On Release Of $1.1 Billion Funding
Pakistan has agreed with the International Monetary Fund on the conditions to release about $1.1 billion in critical funding, Finance Minister Ishaq Dar said on Friday, adding that the payout was delayed due to "routine procedures".
-
IMF Says "Considerable Progress Made", But No Deal With Cash-Strapped Pak
The IMF on Friday said progress was made during crisis talks with cash-strapped Pakistan, but no deal was announced as their delegation wrapped up an urgent visit to the country.
-
Pak Currency Spirals Further, Plummets To Record Low Of 270 Against Dollar
Pakistan needs to complete the ninth review of a $7 billion IMF programme that would not only lead to a disbursement of $1.2 billion, but also unlock inflows from friendly countries and other multilateral lenders.
