Pakistan Economic Crisis

Acute food insecurity in Pakistan is likely to rise in the next months if the country's economic and political turmoil intensifies, aggravating the consequences of the 2022 floods, according to a new United Nations report released on Monday, Dawn rep

Pakistan's rupee slumped to a new record low as the military stepped in to squash violent protests that erupted after former premier Imran Khan was arrested this week.

The arrest of former Pakistan Prime Minister Imran Khan and the call from his party for nationwide protests present another blow to the nuclear-armed country struggling with an economic crisis.

Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.

Pakistan's year-on-year inflation hit 35.37 percent in March -- the highest in nearly five decades -- as the government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout.

Thousands of people have gathered at flour distribution centres set up across the country, some as part of a government-backed programme to ease the impact of inflation, which is running above 30%, a 50-year high.

A video has now surfaced showing hundreds of Pakistanis in Peshawar running behind and pouncing on a truck carrying wheat flour meant for poor people.

Banks in Pakistan have decided to develop a know-your-customer (KYC) platform using blockchain technology in order to strengthen the country’s efforts to curb money-laundering. With a blockchain-based KYC platform, financial institutions will be able to minimise onboarding costs for bank users.

The ongoing economic crisis in Pakistan has badly hit the healthcare system where patients have been struggling for essential medicines.

Consumer prices rose significantly in the outgoing week on the back of onions, chicken, eggs, rice, cigarettes and fuel, official data showed on Friday, driving the weekly inflation to over 40 per cent for the first time in over five months.

The cash-strapped Pakistan government has directed the accountant general to cease the clearing of bills, including salaries, owing to the current economic crisis, according to a media report today.

External Affairs Minister S Jaishankar on Thursday virtually dismissed the idea of helping Pakistan to come out of its economic mess.

External Affairs Minister S Jaishankar today advised Pakistan to "fix their plans and decisions in favour of people."

Pakistan has already bankrupt, the country's defence minister Khawaja Asif said today amid looming fears that the cash-strapped nation may not be able to get a $7 billion bailout from the International Monetary Fund

The United States is concerned about debt owed to China by Pakistan and other countries, U.S. State Department Counselor Derek Chollet said on Thursday during a visit to Islamabad as the country dealt with an economic crisis.

Acute food insecurity in Pakistan is likely to rise in the next months if the country's economic and political turmoil intensifies, aggravating the consequences of the 2022 floods, according to a new United Nations report released on Monday, Dawn rep

Pakistan's rupee slumped to a new record low as the military stepped in to squash violent protests that erupted after former premier Imran Khan was arrested this week.

The arrest of former Pakistan Prime Minister Imran Khan and the call from his party for nationwide protests present another blow to the nuclear-armed country struggling with an economic crisis.

Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves.

Pakistan's year-on-year inflation hit 35.37 percent in March -- the highest in nearly five decades -- as the government scrambled to meet International Monetary Fund (IMF) conditions to unlock a desperately needed bailout.

Thousands of people have gathered at flour distribution centres set up across the country, some as part of a government-backed programme to ease the impact of inflation, which is running above 30%, a 50-year high.

A video has now surfaced showing hundreds of Pakistanis in Peshawar running behind and pouncing on a truck carrying wheat flour meant for poor people.

Banks in Pakistan have decided to develop a know-your-customer (KYC) platform using blockchain technology in order to strengthen the country’s efforts to curb money-laundering. With a blockchain-based KYC platform, financial institutions will be able to minimise onboarding costs for bank users.

The ongoing economic crisis in Pakistan has badly hit the healthcare system where patients have been struggling for essential medicines.

Consumer prices rose significantly in the outgoing week on the back of onions, chicken, eggs, rice, cigarettes and fuel, official data showed on Friday, driving the weekly inflation to over 40 per cent for the first time in over five months.

The cash-strapped Pakistan government has directed the accountant general to cease the clearing of bills, including salaries, owing to the current economic crisis, according to a media report today.

External Affairs Minister S Jaishankar on Thursday virtually dismissed the idea of helping Pakistan to come out of its economic mess.

External Affairs Minister S Jaishankar today advised Pakistan to "fix their plans and decisions in favour of people."

Pakistan has already bankrupt, the country's defence minister Khawaja Asif said today amid looming fears that the cash-strapped nation may not be able to get a $7 billion bailout from the International Monetary Fund

The United States is concerned about debt owed to China by Pakistan and other countries, U.S. State Department Counselor Derek Chollet said on Thursday during a visit to Islamabad as the country dealt with an economic crisis.