pakistan economy

File picture of the International Monetary Fund logo on its building | Photo Credit: AP With the IMF now on board, the cash-strapped Pakistan government is now considering meeting most of its external financing needs in the medium term…

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People jostle to buy subsidized sacks of wheat flour from a sale point in Quetta, Pakistan. People are suffering from recent price hike in wheat-flour in Pakistan. | Photo Credit: AP/Arshad Butt Pakistan’s economy is on the brink of…

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The development follows the completion of the $4 billion in bilateral financing from four friendly nations, including China and Saudi Arabi The development follows the completion of the $4 billion in bilateral financing from four friendly…

Depleting reserves, a widening current account deficit and the rupee’s depreciation against the dollar have left the nation facing a balance-of-payments crisis. Depleting reserves, a widening current account deficit and the rupee’s…

The trade deficit reached an alarming level despite a ban on more than 800 non-essential luxury items in May by the Shehbaz Sharif government The trade deficit reached an alarming level despite a ban on more than 800 non-essential luxury…

Cash-strapped Pakistan’s trade deficit has surged to an all-time high of USD 48.66 billion in the outgoing fiscal year, up from USD 30.96 billion a year ago, a significant 57 per cent jump on the back of higher-than-expected imports, a…

Pakistan Prime Minister Shehbaz Sharif on Friday announced a 10 per cent super tax on…

Pakistan’s foreign exchange reserves drying up fast and the currency at record lows against U.S. dollar Pakistan’s foreign exchange reserves drying up fast and the currency at record lows against U.S. dollar Cash-strapped Pakistan has…