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Pakistan Economic Crisis

Pakistan Prime Minister Shehbaz Sharif

Economic Slump, Political Tug-of-war: Cause And Effect Of Pakistan's Existential Crisis

There is a major economic crisis in Pakistan, topped by a political slugfest that has continued since former prime minister Imran Khan lost a no-confidence vote last April. Add to this, the repeated terror strikes by a...

06 March 2023

Pakistan Economic Woes

Pakistan Reels Under Severe Economic Woes

Pakistan faces one of the worst economic crises with dwindling forex reserves, nationwide power outages, and stampedes at state-run food distribution centres.

18 February 2023

Allah Is Responsible For Pakistan's Development, Says Pak Finance Minister 

Allah Is Responsible For Pakistan's Development, Says Pak Finance Minister 

The finance minister said, "they are trying their best to improve Pakistan's condition under Prime Minister Shehbaz Sharif's leadership"

27 January 2023

Pakistan Economic Woes: A laborer carries boxes through a market in Peshawar, Pakistan.

Pakistan’s Economy Is In Tatters, But This Is The Time To Set Things Right

Since the beginning, Pakistan has lived beyond its means. Its strategic location during the Cold War helped the country receive generous military funding from the US. USAID had also poured in money for education, health and...

05 March 2023

Pakistan GDP (Representative Image)

Pakistan Government Approves New Tax On Power To Meet IMF Conditions

Finance Minister Ishaq Dar, who had led the Pakistan side in talks, told the media on Friday that prior actions were needed as the two sides would resume the talks in virtual mode from Monday

11 February 2023

Pakistan's Currency Plunges To Rs 262.6 Against US Dollar

According to the State Bank of Pakistan, when the market opened on Friday the currency fell by Rs 7.17 or 2.73 per cent from Thursday’s close

27 January 2023

Pakistan's Chief of Army Staff, General Asim Munir

Pakistan’s Politics Will Be Normal Only When The Army Steps Back From Government

At the heart of Pakistan’s political crisis is the army’s constant interference in civilian affairs. Pakistan will become a much more stable nation if the army sticks to General Bajwa’s promise of remaining neutral...

05 March 2023

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Pakistan Economic Crisis

Pakistan Economic Crisis: 10% Cut In Government Employees' Salary Under Consideration

Pakistan is grappling with one of the country's worst economic crises in recent years amid dwindling foreign exchange reserves

25 January 2023

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20 January 2023
Pakistan To Pay For Russian Oil In Currencies Of 'Friendly Countries'

Pakistan To Pay For Russian Oil In Currencies Of 'Friendly Countries'

The friendly countries were not named but likely include China which has close ties with both Pakistan and Russia


03 January 2023
Pakistan Appeals For Flood Aid Ahead Of Donors Conference

Pakistan Appeals For Flood Aid Ahead Of Donors Conference

The gathering in Geneva on Monday — jointly hosted by the United Nations and Pakistan — aims to raise funds for the victims of last summer's unprecedented...


14 October 2022
Pakistan Finance Minister Ishaq Dar Heckled At Washington Airport, Called Thief, Liar

Pakistan Finance Minister Ishaq Dar Heckled At Washington Airport, Called Thief, Liar

Pakistan Finance Minister Ishaq Dar was in Washington for talks with international lenders. He was heckled at the airport and called thief and liar.


24 September 2022
Pakistan Seeking To Reschedule $10 Billion Worth Of Debt Owed To Paris Club: Report

Pakistan Seeking To Reschedule $10 Billion Worth Of Debt Owed To Paris Club: Report

This year, Pakistan is scheduled to return $1.1 billion of Paris Club debt out of the total of $10 billion. Some $400 million of Japanese debt is maturing this...


30 August 2022
Is Pakistan Army Losing Its Clout In Nation’s Politics?

Is Pakistan Army Losing Its Clout In Nation’s Politics?

Questions over the clout of Pakistan’s all-powerful Army are arising as Imran Khan is taking on General Qamar Javed Bajwa and his top aides publicly. Nawaz...


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13 July 2022
Debt-Ridden, Sipping Less Tea: Is Pakistan The Next Sri Lanka?

Debt-Ridden, Sipping Less Tea: Is Pakistan The Next Sri Lanka?

Pakistan is also reeling under a severe electricity crisis with both urban and rural areas across the country facing extended power outages


13 July 2022
Cash-Strapped Pakistan May Face Serious Economic Crisis Amid Fast-Depleting Forex Reserves

Cash-Strapped Pakistan May Face Serious Economic Crisis Amid Fast-Depleting Forex Reserves

The country’s external debt servicing rose to $10.886 billion in the first three quarters of 2021-22 compared to $13.38 billion in the entire FY21


01 July 2022
Pakistan Steeply Hikes Petroleum Prices Under Deal With IMF To Revive Bailout Programme

Pakistan Steeply Hikes Petroleum Prices Under Deal With IMF To Revive Bailout Programme

Prices of all petroleum products went up by about Rs14-19 per litre after the decision came into effect from midnight on Thursday


25 June 2022
Promote Consumption Of Lassi, Sattu To Boost Employment, Says Pakistan’s Educational Body

Promote Consumption Of Lassi, Sattu To Boost Employment, Says Pakistan’s Educational Body

The Higher Education Commission’s acting chairperson Dr Shaista Sohail, in a circular to the vice-chancellors of public sector universities has asked them to...


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