[ad_1] With Pakistan’s per capita income of $1,677, this trajectory points more to economic containment than recovery. | Photo Credit: AFP “The latest International Monetary Fund (IMF) projections for Pakistan suggest that Pakistan’s economy has regained short-term stability, but it remains burdened by high debt, weak investment and slow employment growth,” a media report said […]
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[ad_1] The International Monetary Fund has disbursed a second tranche of $1.023 billion under the Extended Fund Facility programme for Pakistan, the central bank said on Wednesday (May 14, 2025). The disbursement of the second tranche comes on a day when the IMF is holding virtual discussions on Pakistan’s upcoming Budget as the visit of […]
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[ad_1] Pakistan’s Prime Minister Shehbaz Sharif. | Photo Credit: Reuters Pakistan has decided to seek U.S. help for the revival of the stalled IMF loan programme, following the delay in the staff-level agreement with the International Monetary Fund, ARY News reported. According to sources within the Finance Ministry, the incumbent government has decided to seek […]
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[ad_1] Honda Atlas Cars Pakistan Ltd has announced the longest plant shutdown to date in the current economic crisis amongst the country’s automakers, which are struggling to obtain raw materials due to import difficulties. The company, a unit of Japanese car giant Honda Motor Co Ltd , said its plant would shut from March 9, […]
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[ad_1] People buy pulses and grains at a wholesale market in Karachi on February 1, 2023. – The Sensitive Price Index, used to measure short-term inflation, rose to 38.42% on a year-on-year basis in Pakistan. | Photo Credit: AFP The yearly inflation hit a new high of 38.42% in the outgoing week in cash-strapped Pakistan […]
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[ad_1] The development follows the completion of the $4 billion in bilateral financing from four friendly nations, including China and Saudi Arabi The development follows the completion of the $4 billion in bilateral financing from four friendly nations, including China and Saudi Arabi The IMF’s executive board will meet on August 29 to approve a […]
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[ad_1] Depleting reserves, a widening current account deficit and the rupee’s depreciation against the dollar have left the nation facing a balance-of-payments crisis. Depleting reserves, a widening current account deficit and the rupee’s depreciation against the dollar have left the nation facing a balance-of-payments crisis. Pakistan is likely to get $4 billion from friendly countries […]
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[ad_1] The trade deficit reached an alarming level despite a ban on more than 800 non-essential luxury items in May by the Shehbaz Sharif government The trade deficit reached an alarming level despite a ban on more than 800 non-essential luxury items in May by the Shehbaz Sharif government : Cash-strapped Pakistan’s trade deficit has […]
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[ad_1] Pakistan’s foreign exchange reserves drying up fast and the currency at record lows against U.S. dollar Pakistan’s foreign exchange reserves drying up fast and the currency at record lows against U.S. dollar Cash-strapped Pakistan has secured a deal with the International Monetary Fund (IMF) to restore the stalled $6 billion assistance package and unlock […]
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