Pakistan Finance Minister Miftah Ismail warns of 'bad days' ahead
Aug 06, 2022, at 02:51 pm
Islamabad: Finance Minister Miftah Ismail has warned that Pakistan, a nation battling financial crisis, might be facing 'bad days' ahead.
Pakistan: Economic outlook looks bleak, says Ministry of Finance
Jul 31, 2022, at 12:13 am
Sukkur: Pakistan's Ministry of Finance on Thursday said the country's economic outlook remained uncertain and blurry while inflation would stick around the current level of 21 percent in the short term.
Pakistan to borrow Rs 5.5 trillion from international lenders in the ongoing fiscal year
Jul 12, 2022, at 04:24 am
Islamabad: Pakistan is all set to borrow a whopping Rs 5.5 trillion from international lenders in the current fiscal year to maintain its foreign exchange reserves, repay previous loans and financing of current account deficit.
PTI laid economic landmines to discredit successors, says Pakistan Economy Watch
May 07, 2022, at 04:20 pm
Islamabad: The Pakistan Economy Watch (PEW) has said former Prime Minister Imran Khan-led government has laid economic mines for the present government which is becoming difficult to deal with.
PTI played havoc with national economy: Pakistani Interior Minister
May 06, 2022, at 08:43 pm
Islamabad: Pakistani Interior Minister Rana Sanaullah Khan said that former Prime Minister Imran Khan-led PTI government had wasted precious four years of the country in addition to abandoning game changer China-Pakistan Economic Corridor related projects.
Nawaz Sharif says Imran Khan destroyed Pakistan's economy
Apr 24, 2022, at 03:29 am
Islamabad: Former Pakistan Prime Minister Nawaz Sharif has slammed ousted PM Imran Khan for backtracking on every promise and said the PTI chairman broke the back of Pakistan's economy.
Pakistan PM Shehbaz Sharif rejects proposal to hike price of petroleum products
Apr 19, 2022, at 07:20 am
Islamabad/IBNS: Pakistan Prime Minister Shehbaz Sharif has tried to give relief to people of the nation by rejecting the proposal to hike the price of petroleum products for the period Apr 16-30, media reports said on Monday.
Pakistan's trade deficit widens to $31.96 billion
Mar 04, 2022, at 04:49 am
Islamabad: Pakistan's trade deficit has widened 82 percent year-on-year to $31.96 billion, media reports said on Thursday.
Pakistan's circular debt in energy sector swells to Rs 2.358 trillion in 7 months
Mar 04, 2022, at 04:40 am
Islamabad: Pakistan's growing economic troubles is getting more clear as troubling energy sector’s circular debt has reached Rs 2.358 trillion during the first seven months (July, 2021-Jan, 2022) of FY 2021-22 compared to Rs 2.331 trillion in corresponding period of 2020-21 due to reduction in amount parked at Power Holding Limited (PHL) and Gencos payables to fuel suppliers, media reports said.
Pakistan's foreign direct investment falls 12pc in July-Oct: Reports
Nov 19, 2021, at 12:55 am
Karachi, Pakistan/IBNS: Pakistan's foreign direct investment (FDI) fell by 12 percent in the first four months (July to October) of the current fiscal year, Dawn News reported quoting a data shared by the country's State Bank on Wednesday.
PTI is gifting people with inflation and unemployment: Jamaat-e-Islami Emir Sirajul Haq
Oct 24, 2021, at 12:33 am
Jamaat-e-Islami Emir Sirajul Haq slammed PM Imran Khan-led government and said it is helping people with nothing else but gifting them with inflation and unemployment and burdening the country with massive debts.
Pakistan: PM's aide on finance quits, FBR gets 6th head in three years
Aug 26, 2021, at 03:45 am
Islamabad: The Pakistan government on Tuesday removed the chairman of the Federal Board of Revenue (FBR), marking yet another reshuffle in the administration.
Prime Minister Imran Khan has thrown the country to the wolves: Bilawal Bhutto
May 31, 2021, at 04:47 am
Islamabad: Pakistan's key opposition leader and PPP Chairman Bilawal Bhutto Zardari targeted Imran Khan on the economic conditions of the country and said the PM is unsustainably borrowing money from international leasing agencies and this unprecedented borrowing is akin to mortgaging the country's economic integrity and freedom.
Pakistan economy gasping for breath, facing big challenge: Expert
May 27, 2021, at 11:26 pm
Islamabad: Pakistan's economy seems to be struggling hard and this became evident from the words of finance minister Shaukat Tarin who warned lawmakers that if their administration fails to return GDP growth to 5 percent Pakistan will be at "God’s mercy for the next four years.”
Every Pakistani paying price of Imran Khan’s change tsunami, slams Bilawal Bhutto
May 13, 2021, at 12:13 am
Islamabad: Major opposition leader, Pakistan People’s Party (PPP) chairman Bilawal Bhutto Zardari, on Monday slammed PM Imran Khan asking him to explain to the people why his government was compelled to repay $3 billion loan to Saudi Arabia and what it was going to cost the nation for taking a commercial loan from China to clear the Saudi soft loan.
Is Pakistani economy sinking as the trade deficit widens to $23.8b in 10 months?
May 07, 2021, at 12:02 am
Islamabad: Pakistan seems to be struggling in the economic front and it is evident from the trade deficit as it widened to $23.8 billion and exceeded the annual target by $4.1 billion in 10 months of the current fiscal year.
Income support scheme averted a ‘catastrophe’ in Pakistan, finds report
Mar 25, 2021, at 01:20 am
Pakistan’s innovative emergency cash program (Ehsaas) helped avert an economic catastrophe by directly transferring cash benefits in form of income support to millions of people who had lost their livelihood because of the Covid-19, found a report.
Pakistan's external debt and liabilities swell to $115.7 billion
Feb 20, 2021, at 10:46 pm
Islamabad: Pakistan's Central Bank data has shown the country's foreign debt and liabilities increased $3 billion or 2.6 percent during the six months period ended in December last.
Almost half of Pakistani people blames Imran Khan govt for inflation: Survey
Nov 17, 2020, at 05:57 pm
Islamabad: A recent survey has shown that 49% of Pakistanis believe that the PM Imran Khan-led government is responsible for inflation in the country.
COVID-19 and economic revival: Pakistanis not permitted to enter EU as borders set to reopen
Jun 30, 2020, at 01:19 am
Brussels: Pakistan economic revival plans received a jolt as the country has not been included in the draft list of 54 countries that will benefit from the reopening of the European Union external borders, media reports said.
Pakistan's economy may fall into recession due to COVID-19 break - World Bank
Apr 12, 2020, at 06:19 pm
Islamabad/Xinhua/UNI: Pakistan may fall into an economic recession owing to the outbreak of COVID-19 in the country, a World Bank report said on Sunday.
COVID-19 lays bare the bleeding face of Pakistan administration, economy
Apr 03, 2020, at 07:29 pm
Islamabad/IBNS: The growing COVID-19 cases in Pakistan are not only unveiling the collapsing healthcare system of the South Asian nation but hinting that the economy will also slow in the upcoming days to leave common men bleeding.
COVID19 Impact: Experts believe Pakistan's economy might witness bloodbath
Mar 22, 2020, at 03:27 am
Islamabad/ IBNS: The Coronavirus outbreak may hit Pakistan's economy, which is already bleeding hard with experts assuming that the nation's exports may dip by 25 percent in March.
Pakistan awaits IMF team to fix collapsing economy amid sparring over Kashmir
Sep 09, 2019, at 01:33 am
Islamabad, Sept 8 (IBNS): Even as Pakistan Prime Minister Imran Khan keeps their anti-India rant over Kashmir situation raging, experts say he is facing a tough challenge from the crippling economy of the Islamic nation and perhaps the brouhaha over J&K gives him a temporary tool to divert attention of his people.
Pakistani boy asks Imran Khan to fix economy first and then think about Kashmir, video goes viral
Sep 03, 2019, at 04:22 pm
Islamabad, Sept 3 (IBNS): At a time when the relationship between India and its neighbouring nation has touched a new low over the scrapping of the Article 370, a Pakistani boy's video has gone viral online where he could be seen advising his Prime Minister Imran Khan to first focus on developing its economy and later on issues like Jammu and Kashmir.
Pakistan is sitting on huge amounts of dead capital: Imran Khan
Sep 10, 2018, at 06:59 pm
Islamabad, Sept 10 (IBNS): Pakistan PM Imran Khan on Monday said his nation, which has had to borrow money to pay interest on its loans, is currently sitting on huge amounts of 'dead capital'.