Pakistan Economic Crisis
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'Surprised To See A Nation Begging For...': Indian Navy Chief On Pak Navy
Indian Navy Chief Admiral Dinesh Tripathi on Monday expressed concerns about Pakistan getting equipment and weapon support from China saying it is very surprising how an economy that is "faltering and begging" for international assistance.
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"Will Work Openly Like Any Man": How Pak Women Are Facing Economic Crisis
According to the United Nations, just 21 percent of women participate in Pakistan's work force, most of them in the informal sector and almost half in rural areas working in the fields.
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China, Saudi, UAE Agree To Roll Over Pak's $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout package later this month.
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Pakistan Secures $7 Billion Loan Deal With IMF To Boost Faltering Economy
The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy.
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Pakistan In Talks With IMF For 24th 'Longer And Larger' Bailout: Report
The International Monetary Fund (IMF) confirmed that the talks with Pakistan are underway on the 24th 'longer and larger' bailout programme under the Extended Fund Facility (EFF), reported ARY News.
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Cash-Strapped Pak Bans Red Carpets At Official Events To Cut Costs
Pakistan Prime Minister Shehbaz Sharif has banned the use of red carpets at government events, reserving them exclusively for diplomatic receptions, as part of austerity measures to cut down unnecessary expenditures in the cash-strapped nation.
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Pakistan Says Conditions For Next $1.2 Billion IMF Loan Tranche Met: Report
Pakistan has met the IMF's benchmarks for maintaining the status quo in the energy sector - in an outcome that may help to get the next loan tranche of USD 1.2 billion, officials said, ahead of the visit of the global lender's review mission to the c
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IMF Proposes Cash-Strapped Pak To Adopt Austerity In New Projects: Report
The International Monetary Fund (IMF) has reportedly proposed tight austerity conditions in Pakistan's development budget and expressed concern over the allocation of funds for new projects in the current financial year, ARY News reported.
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World Bank Cautions Pakistan As Nearly 100 Million People Now Under Poverty
Poverty in Pakistan shot up to 39.4 per cent as of last fiscal year, with 12.5 million more people falling into the trap due to poor economic conditions, the World Bank has said.
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Pak Forced To Outsource Islamabad Airport Due To Forex Crisis: Report
Amid the continuously depleting forex reserves, the Government of Pakistan has been pushing for outsourcing the operations of major airports.
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IMF Says $3 Billion Loan Will Help Pakistan Stabilise Ailing Economy
The IMF has said that the recently approved USD 3 billion loan programme will provide much-needed relief for Pakistan as it would anchor the cash-starved country's immediate efforts to stabilise its economy and ensure that the current balance of
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Pakistan Gets $1 Billion Deposit From UAE Ahead Of Key IMF Decision
Pakistan's state bank coffers were further boosted Wednesday by a $1 billion deposit from the United Arab Emirates, officials said, ahead of a key International Monetary Fund (IMF) board meeting to approve new funding.
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Amid Economic Crisis, Pakistan Government's Debt Rises To Over Rs 58 Trillion
The Pakistan government's total debt has increased 34.1 per cent year-on-year to Rs 58.6 trillion at the end of April, according to the latest report by the country's central bank.
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Pakistan Rupee Tumbles To Record As Military To Quell Unrest
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.
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3 Children Among 11 Killed In Stampede At Food Distribution Centre In Pak
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.
-
'Surprised To See A Nation Begging For...': Indian Navy Chief On Pak Navy
Indian Navy Chief Admiral Dinesh Tripathi on Monday expressed concerns about Pakistan getting equipment and weapon support from China saying it is very surprising how an economy that is "faltering and begging" for international assistance.
-
"Will Work Openly Like Any Man": How Pak Women Are Facing Economic Crisis
According to the United Nations, just 21 percent of women participate in Pakistan's work force, most of them in the informal sector and almost half in rural areas working in the fields.
-
China, Saudi, UAE Agree To Roll Over Pak's $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout package later this month.
-
Pakistan Secures $7 Billion Loan Deal With IMF To Boost Faltering Economy
The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy.
-
Pakistan In Talks With IMF For 24th 'Longer And Larger' Bailout: Report
The International Monetary Fund (IMF) confirmed that the talks with Pakistan are underway on the 24th 'longer and larger' bailout programme under the Extended Fund Facility (EFF), reported ARY News.
-
Cash-Strapped Pak Bans Red Carpets At Official Events To Cut Costs
Pakistan Prime Minister Shehbaz Sharif has banned the use of red carpets at government events, reserving them exclusively for diplomatic receptions, as part of austerity measures to cut down unnecessary expenditures in the cash-strapped nation.
-
Pakistan Says Conditions For Next $1.2 Billion IMF Loan Tranche Met: Report
Pakistan has met the IMF's benchmarks for maintaining the status quo in the energy sector - in an outcome that may help to get the next loan tranche of USD 1.2 billion, officials said, ahead of the visit of the global lender's review mission to the c
-
IMF Proposes Cash-Strapped Pak To Adopt Austerity In New Projects: Report
The International Monetary Fund (IMF) has reportedly proposed tight austerity conditions in Pakistan's development budget and expressed concern over the allocation of funds for new projects in the current financial year, ARY News reported.
-
World Bank Cautions Pakistan As Nearly 100 Million People Now Under Poverty
Poverty in Pakistan shot up to 39.4 per cent as of last fiscal year, with 12.5 million more people falling into the trap due to poor economic conditions, the World Bank has said.
-
Pak Forced To Outsource Islamabad Airport Due To Forex Crisis: Report
Amid the continuously depleting forex reserves, the Government of Pakistan has been pushing for outsourcing the operations of major airports.
-
IMF Says $3 Billion Loan Will Help Pakistan Stabilise Ailing Economy
The IMF has said that the recently approved USD 3 billion loan programme will provide much-needed relief for Pakistan as it would anchor the cash-starved country's immediate efforts to stabilise its economy and ensure that the current balance of
-
Pakistan Gets $1 Billion Deposit From UAE Ahead Of Key IMF Decision
Pakistan's state bank coffers were further boosted Wednesday by a $1 billion deposit from the United Arab Emirates, officials said, ahead of a key International Monetary Fund (IMF) board meeting to approve new funding.
-
Amid Economic Crisis, Pakistan Government's Debt Rises To Over Rs 58 Trillion
The Pakistan government's total debt has increased 34.1 per cent year-on-year to Rs 58.6 trillion at the end of April, according to the latest report by the country's central bank.
-
Pakistan Rupee Tumbles To Record As Military To Quell Unrest
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.
-
3 Children Among 11 Killed In Stampede At Food Distribution Centre In Pak
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.
