Pakistan Economy

Covid-19: Pakistan's economy contracts for first time in 68 years by -0.38%

Advisor on Finance Abdul Hafeez Sheikh, releasing the Pakistan Economic Survey 2019-20 said the economy suffered massively due to the coronavirus pandemic

Country sees world's highest inflation during 2020: State Bank of Pakistan

January witnessed a 12-year high inflation at 14.6 per cent. In response to the rising prices, the SBP rose the interest rates to 13.25 per cent

Trump says US may reopen economy before May 1; Canada not in hurry

Canada is still receiving repatriation flights for Canadians who have been stranded abroad. Trudeau said travel restrictions will remain for many weeks

IMF to take up Pak's request for financial aid to cope with Covid-19 crisis

On March 4, the IMF had announced that it would support vulnerable countries with different lending facilities

Why is there no peace dividend on the Indian subcontinent?

India has got its political arrangements right but not its economic ones to earn dividends for avoiding wars.

Pak's economy, security to have implications due to India, says think tank

Pakistan's external affairs would remain challenging throughout 2020, having serious implications on economy and security, including tense relations with India, a Pakistani think-tank said on Sunday. Tense relations with India would continue to consume much of Pakistan's strategic and diplomatic bandwidth, Islamabad Policy Institute said in its report 'Pakistan Outlook 2020: Politics, Economy & Security'. Also, the peace process in Afghanistan would in near future continue to be marred by uncertainty, Dawn news quoted the report as saying. "Pakistan's external environment will remain challenging throughout 2020 which will have serious implications for its economy, security and internal stability," said the report. The situation in Kashmir and plight of the Muslims in India will guide Pakistan's engagement with Delhi. Chances of limited conflict between India and Pakistan would remain high, added. Tensions between India and Pakistan have spiked since India abrogated Article 370 of

World Bank lowers Pak growth rate at 2.4% in FY20 on tight monetary policy

"Pakistan's growth is expected to rise to 3 per cent in the next fiscal year after bottoming out at 2.4 per cent in FY2019-20, which ends June 30," the World Bank said

Pak set to miss 4% GDP growth on weak industries, agriculture performance

In the case of Gross Domestic Product, the report noted that the revised estimates for the kharif season suggest that the production of important crops is likely to fall short of target for FY20

Some questions from Asia's history of 50 years that need urgent answers

India needs to figure out whether it pays to be rule-takers or seek to be rule-setters. Or, do we have an answer to China's strategic challenge? If not, what are our options, wonders T N Ninan

Post Crown Prince visit to Pak, UAE extends $200m aid for economic projects

The announcement came after Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan concluded his one-day visit to the country on Thursday

What is the biggest problem haunting Pak? Definitely not J&K, says survey

Pakistan's economy has struggled in the last few years

'Soft coup' warning as Pak's army chief meets business leaders on economy

General Qamar Javed Bajwa privately met top business leaders to find ways to bolster the economy.

IMF to send crisis team to cash-strapped Pak to curtail budget deficit

The decision was taken in the wake of the worsening fiscal situation of Pakistan's economy

Pakistan fiscal deficit rises to highest level in 28 yrs, risks IMF bailout

The deficit increased to 8.9 per cent of the nation's gross domestic product in the year ended June compared with 6.6 per cent a year earlier.

In another setback, US slashes aid to cash-strapped Pakistan by $440 mn

US President Donald Trump strongly criticised Islamabad for its behaviour

IMF urges Pakistan to mobilise tax revenues for development spending

The IMF, together with other international partners, is working closely with the government of Pakistan to support the implementation of the authorities' economic reform programme

Pakistan to get $1 bn IMF instalment today under 3-year bailout package

The IMF's Executive Board had on July 3 approved the three-year bailout package worth $6 billion to Pakistan.

Pakistan economy critical, facing major challenges due to weak growth: IMF

Cash-strapped Pakistan, which currently has a currency reserve of less than $8 billion, approached the Washington-based IMF in August 2018 for a bailout package

Qatar is making $3-bn new investments in Pakistan: State news agency

The announcement came after a visit by Qatar's Emir to Pakistan

Pak GDP may hit 3.3%, well below 6.3% goal as govt fails on targets: Survey

According to country's Economic Survey livestock is only sector with growth slightly above official target, all other sectors fared below expectation, a Dawn report says