Pakistan economy Archives

IMF disburses .023 billion tranche to Pakistan

IMF disburses $1.023 billion tranche to Pakistan

May 14, 2025May 17, 2025cpooldigitalLeave a Comment

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 its […]

Pakistan to seek U.S. help for revival of stalled IMF loan programme

March 13, 2023March 13, 2023cpooldigitalLeave a Comment

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 Washington’s […]

Pakistan’s Honda Atlas shuts production to end-March on import difficulties

March 9, 2023March 9, 2023cpooldigitalLeave a Comment

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, 2023, […]

Weekly inflation rises to 38.4% in cash-strapped Pakistan

February 18, 2023February 18, 2023cpooldigitalLeave a Comment

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 as […]

IMF money to arrive in Pakistan by August-end: report

August 13, 2022August 13, 2022cpooldigitalLeave a Comment

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 bailout […]

Pakistan to get billion from friendly countries to shore up reserves: Finance Minister Miftah Ismail

Pakistan to get $4 billion from friendly countries to shore up reserves: Finance Minister Miftah Ismail

July 17, 2022July 17, 2022cpooldigitalLeave a Comment

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 this […]

Pakistan’s trade deficit hits record-high of .66 billion as imports soar

Pakistan’s trade deficit hits record-high of $48.66 billion as imports soar

July 3, 2022July 3, 2022cpooldigitalLeave a Comment

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 surged […]

Cash-strapped Pakistan secures deal with IMF to restore stalled billion aid: Report

Cash-strapped Pakistan secures deal with IMF to restore stalled $6 billion aid: Report

June 22, 2022June 22, 2022cpooldigitalLeave a Comment

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 doors […]