pakistan economy

Karachi, April 10 The Sindh province government of Pakistan ordered all markets, shopping malls, shops, restaurants, and wedding halls in Karachi and other major cities to close early each day, as part of austerity measures amid the West Asia conflict.According to a government notification...

Karachi, April 9 The Pakistan Stock Exchange (PSX) on Thursday experienced a stable trading day after recording its highest single-day gain of over 14,000 points (+9 per cent) in its history the previous day, amid the US and Iran ceasefire announcement.The benchmark KSE-100 index remained...

Islamabad, April 7. Poverty in Pakistan is structural and not cyclical; the tariffs paid by the country's people today are not the price of electricity, but rather the recovery of past multi-billion dollar policy errors, a report highlights.According to Pakistan's Ministry of Planning...

Traders in Pakistan have warned the government of a nationwide protest if the increase in petroleum prices is not withdrawn, while also calling for an end to the ongoing crackdown on bakers (naanbai), local media reported on Sunday.Speaking at a press conference at the National Press Club, All...

New Delhi/Islamabad, April 4 – Facing mounting pressure, Pakistan has agreed to fully repay approximately “$3.5 billion” in deposits and loans to the United Arab Emirates (UAE) by the end of April, after the Gulf nation sought the immediate return of the money.The development comes amid...

New Delhi, April 1: Pakistan’s economy faces significantly greater risks associated with the ongoing Middle East crisis, as the impact on the general public is considerably higher than on those nations that do not have to meet strict IMF conditions due to loans taken from the multilateral...

Islamabad, March 24 – If the war in Iran does not end quickly, it could deliver the most devastating shock to Pakistan's economy in living memory, according to a report. Pakistan remains particularly vulnerable to the evolving fallout of the war, and its economy faces several challenges...

New Delhi, March 24 – The decision to enter another IMF funding arrangement has been a subject of ongoing debate in Pakistan, as the country has already turned to the multilateral lending institution as many as 24 times for bailout packages to address its macroeconomic vulnerabilities...

March 10, New Delhi – Pakistani Prime Minister Shehbaz Sharif announced on Monday that schools in Pakistan would be closed for two weeks and announced sweeping cuts in government fuel consumption and spending.He stated that these measures are aimed at controlling the situation arising from...

New Delhi, March 9 – Pakistan's ongoing conflict with Afghanistan has put at risk the next installment of IMF funding that Islamabad urgently needs, according to a media report.The IMF team is currently visiting Pakistan for its third review of the country's economy, ahead of the next tranche...

March 07, New Delhi: Pakistan has increased fuel prices for diesel and petrol by approximately 20%, marking one of the largest increases in its history.In a televised address, Petroleum Minister Ali Pervaiz Malik announced a 55-rupee increase, bringing diesel to 321.17 rupees per litre and...

Islamabad, March 7 In the first economic shock following the war with Iran, the Pakistani government has overnight increased petrol and high-speed diesel prices by PKR 55 per litre each, the highest increase ever.Addressing a press conference shortly before midnight, Petroleum Minister Ali...

New Delhi, March 4, Both inequality and poverty have increased in Pakistan over the past six years, according to a report released by the country's Planning Commission.This is based on a comparison of household income levels and distribution, according to the Household Integrated Economic...

New Delhi, March 3 – Pakistan’s high tax regime is stifling the formal economy, particularly industrial businesses, yet there seems to be no realization within the Federal Board of Revenue (FBR), which continues to extract heavily from the top 1 per cent of the population, according to an...

New Delhi, March 2 – The power sector policy of the Pakistani government remains chaotic, leading to further disappointment for the country's fragile industrial sector.Industrial consumers were told that electricity tariffs would fall by Rs 4.04 per unit for the January billing cycle. Within...

Islamabad, February 25 As the International Monetary Fund (IMF) review mission arrived in Pakistan on Wednesday, the country's Finance Minister Muhammad Aurangzeb expressed hope for a successful review that would lead to the release of a USD 1.2 billion tranche.The staff mission will conduct...

New Delhi, February 25 – There has been a significant decline in private investment in Pakistan’s economy, despite a reduction in interest rates. This is because businesses are facing an uncertain economic environment due to high energy costs, regulatory unpredictability, and high taxes...

New Delhi, February 24 – Pakistan's economy is in a dire state as inequality and poverty are rising, while the federal government is on the verge of bankruptcy, according to an article in Pakistani media.The article, published by the Business Recorder based in Karachi, advocates for export-led...

New Delhi, February 23 – While the Pakistani government claims that the country's economy has been revived from the brink and is now stable, the harsh reality is that poverty has reached an 11-year high of 29 percent, and income inequality is at levels not seen in nearly three decades, according...

New Delhi, February 22 – While the IMF loan has temporarily rescued Pakistan from the brink of economic collapse, weak growth and fractious domestic politics suggest that the current period of stability may be difficult to sustain in the medium term, according to an article.In September 2024...