Search For "pakistan economy"
Pakistan to impose new taxes worth Rs 200 bn to comply with IMF conditions
Updated : 1 day, 12 hours ago IST
The two draft ordinances prepared for Rs 100 billion each in taxes and flood levies. Pakistan is also considering discontinuing power subsidies, imposing sales tax on raw materials for exports, as well as, hikes in power, and gas tariffs are also on the agenda.
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Imran Khan's 'sky-high expenses' cost Pakistan Rs 1 billion
Updated : 1 day, 13 hours ago IST
Khan has come under the scanner for his helicopter rides while in office. The expense details were presented in the Pakistani Senate.
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Pakistan need to fix responsibility for its depleting forex reserves: Repo
Updated : 1 day, 13 hours ago IST
This quick depletion of the forex reserves was blamed on the PDM government's indecisiveness vis-a-vis revival of the IMF program which had been stalled since the last days of PTI's government.
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Pakistan: Political instability causing irreparable damage to economy
Updated : 1 day, 17 hours ago IST
While, Pakistanis are deprived of their basic needs, unbearable economic challenges in the shape of inflation, unemployment and financial instability, all political parties have staked out the country's sovereignty.
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2023 brought more miseries to Pakistan's economy, analysts warn of bankrup
Updated : 2 days, 22 hours ago IST
Businesses in Pakistan are at risk of closure due to a breakdown of supply chains as domestically manufactured goods rely on imported raw materials. The textile industry in Pakistan is also in a critical position as it is losing credibility and market share among international buyers.
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Pakistan facing net wheat deficit of 2.37 million metric tons, says food m
Updated : 3 days, 3 hours ago IST
Pakistan National Assembly member and Minister for National Food Security and Research Tariq Bashir Cheema in a statement during question hour in the upper house of parliament said that Islamabad, at present, is facing a net wheat deficit of 2.37 million metric tons, pointing out at the Sout
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Pakistan's nationwide electricity blackout serves as warning of dystopian
Updated : 3 days, 10 hours ago IST
The power system in Pakistan has long been a source of frustration and difficulty for its citizens. The latest power outage, which left millions without electricity, is just the latest example of a chronic problem that has plagued the country for years.
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Pakistani rupee sees highest 1-day fall in 20 years
Updated : 3 days, 21 hours ago IST
The foreign exchange companies had removed a cap on the Pakistani rupee-dollar exchange rate. This was a key demand of the IMF as part of a programme of economic reforms it has agreed on with the debt-laden South Asian nation.
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Pak govt increases development funds for lawmakers by 30 pc amid economic
Updated : 4 days, 2 hours ago IST
Despite facing severe foreign exchange shortage and being under economic crisis, the government of Pakistan has ordered a massive hike of 30 per cent in development funds to PKR 90 billion for Parliamentarians, according to Dawn.
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USD 10 billion payouts: Will Pakistan be able to redeem itself or default
Updated : 4 days, 14 hours ago IST
The burning question is - given the generous donation of the international community, will Pakistan be able to redeem itself or default again and remain a global joke?
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Ahead of polls, Pak govt scared of losing popularity due to IMF deal
Updated : 6 days, 5 hours ago IST
Pakistan is currently under the grip of a massive economic crisis, as a result of which the deal with the International Monetary Fund (IMF) becomes very important for the South Asian nation, according to Dawn.
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Pakistan must acknowledge India's incredible economic growth
Updated : 6 days, 10 hours ago IST
And this is what explains - from Abu Dhabi to Tokyo, and from Washington DC to Canberra - the red carpet that is laid out for Prime Minister Narendra Modi almost everywhere he goes.
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