February 29, 2024 21:40 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
No more parole for rape convict Ram Rahim without court's permission | NDA now 3 seats short of majority in Rajya Sabha after latest round of polls | Himachal political turmoil: 6 Congress MLAs, who cross-voted in Rajya Sabha polls, disqualified | Sandeshkhali incident: Arrested TMC leader Sheikh Shahjahan sent to 10-day police custody | Sandeshkhali incident: Arrested TMC leader Sheikh Shahjahan sent to 10-day police custody

IMF allows disbursement of 700 mln USD to economic-crisis-hit Pakistan

The Executive Board of the International Monetary Fund (IMF) completed the first review of Pakistan's economic reform program supported by the IMF's Stand-By Arrangement (SBA), allowing for an immediate disbursement of about 700 million U.S. dollars, the IMF said Thursday.

Pakistan grapples with escalating crisis: A nation on the brink of collapse

Pakistan is on the brink of collapse. Its economic woes are well-documented, but the recent surge in terrorist attacks across the country paints a far more ominous picture. A disturbing pattern of targeted killings of militants, primarily those affiliated with groups like Lashkar-e-Taiba, Hizbul Mujahideen, and Jaish-e-Muhammed, has emerged in recent months.

Economic crisis forces leading companies to suspend operations in Pakistan

In a grim turn of events, reports suggest Pakistan’s ongoing economic crisis has compelled some of the nation’s biggest auto giants to halt production. In recent days, the automotive giants Honda, Suzuki, and Toyota have announced the suspension of their operations, raising concerns among Pakistanis about the stability of the automobile industry in the country.

Pakistan’s economy suffers $23 billion blow annually from rampant black marketing and smuggling

Pakistan is grappling with a crippling economic crisis, losing a staggering USD 23 billion per year due to the pervasive issues of black marketing and smuggling, according to a recent report by ACE Money Transfer, a UK-based company.

Pakistan: KP govt did not release fund to local bodies for two years

The Khyber Pakhtunkhwa government has not released money to the local bodies out of  their Rs63 billion share in the development funds in around two years, leaving the system paralysed, media reports said.

Pakistan needs to substantially increase its investments in human development: World Bank

The World Bank’s report, Pakistan Human Capital Review (HCR), Building Capabilities Throughout Life, underlines the need for Pakistan to significantly increase investments in human capital to address the severe gaps it faces in education and health outcomes particularly.

Pakistan: Jamaat-e-Islami to observe sit-in in Lahore from today to protest against rising inflation

Pakistan's Jamaat-e-Islami (JI) has announced it will observe a three-day sit-in demonstration in Pakistan's Lahore city to protest against rising inflation.

Mafias are bleeding Pakistani economy: Intelligence Bureau Report

A report released by Pakistan's Intelligence Bureau on smuggling, tax evasion, drug trade, illegal currency business and misuse of Afghan transit trade showed mafias are bleeding the economy of the country.

IMF deal not enough for Pakistan: Fitch and Moody’s raise concerns over economic risks

Fitch Ratings and Moody’s Investors Service on Monday warned of continued threats to Pakistan’s financial sustainability, despite the country receiving a much-needed $3 billion lifeline from the International Monetary Fund (IMF) over the weekend.

Pakistan: Public debt soars 32 percent

The Pakistani federal government's debt rose 32 percent to Rs58.962 trillion in the year to May, as per data released by the central bank.

Pakistan: More than 100 technical, vocational training centers feared closed in KP due to lack of funds

Islamabad: More than 100  technical and vocational training centres are feared to be closed in Pakistan's  Khyber Pakhtunkhwa region due to lack of funds, media reports said.

Bangladesh and Pakistan: The Asian Phoenix and the Falling Star

In the wake of the COVID-19 pandemic, the global landscape has changed drastically, and this change has been no less drastic for the South Asian region. Two countries, Bangladesh and Pakistan, once part of the same nation, now stand worlds apart in their trajectories.

World Bank recommends Pakistan to end subsidies

Islamabad: The World Bank has termed the rise in Pakistan’s fiscal deficit and debt as “dangerous” for its economy and made several suggestions to the country to counter this problem — starting with the end of subsidies.

State Bank of Pakistan massively hikes interest rate by 300bps

The State Bank of Pakistan has moved up key interest rates by a massive 300 basis points (bps), the highest figure touched since 1996.

Pakistan's middle and lower-income groups might be struggling this year during Ramadan amid spiraling prices

Islamabad: Pakistan's middle class and low income groups might be finding a tough time this Ramadan amid rising prices of products.