Pakistan Economic
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Pakistan Atomic Energy Commission gets licence to construct largest nuclear plant | KEY DETAILS
World | December 30, 2024 12:35 ISTThe Pakistan Atomic Energy Commission applied for the license in April, submitting a Preliminary Safety Assessment Report and other documents covering design, operational safety, radiation protection, emergency preparedness, waste management, and nuclear security, according to the Dawn newspaper.
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IMF approves disbursal of $1.1 billion loan tranche to cash-strapped Pakistan
World | April 30, 2024 13:06 ISTThe latest tranche is the third and final part of the $3 billion 'stand-by' arrangement between Pakistan and the IMF which is crucial for the country to counter the rising inflation and debt. The cash-strapped country is reeling under high inflation and debt and is heavily reliant on such packages.
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'Prices change faster than dates': Pakistanis dismayed by soaring prices ahead of Ramadan I VIDEO
World | April 07, 2024 13:19 ISTPakistan has been reeling under massive economic woes, with the inflation rate hitting a peak of 38 per cent. This has affected the shopping for Ramadan, where people complain of difficulties in purchasing even simple clothes for their kids.
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IMF reaches agreement with Pakistan on releasing last tranche of $3 billion bailout package
World | March 20, 2024 13:12 ISTDespite Pakistan showing improvement in some areas, the IMF predicted that the country's economic growth remains modest and inflation was above target. The IMF Executive Board had approved the $3 billion Stand-By Arrangement (SBA) for the cash-strapped Pakistan last year.
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Pakistan: President Asif Ali Zardari decides to forgo salary amid economic problems
World | March 13, 2024 13:08 ISTZardari's decision to forgo his salary while he was in office was to encourage prudent financial management in the country, said his Secretariat in a statement. In a similar move, newly sworn-in Interior Minister Mohsin Naqvi also decided against drawing a salary while in office.
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'This won't make any difference': What Pakistanis think of Shehbaz as he returns to power I WATCH
World | March 04, 2024 18:02 IST"Prime Minister Shehbaz Sharif will not make any difference. The condition of the people is deteriorating day by day and their problems will not be solved by this election. This is the continuity of the same status quo which has prevailed in the country from the beginning," said a local resident.
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Pakistan's economy continues to remain fragile, energy prices will be raised before elections: FM
World | November 17, 2023 12:50 ISTPakistan's caretaker Finance Minister Shamshad Akhtar outlined key aspects of the IMF agreement, affirming the government’s commitment to regular tariff adjustments, including a planned gas price hike in January to prevent the accumulation of circular debt in both the gas and power sectors.
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Pakistan: Shehbaz' convoy attacked in Lahore, furious locals break his car's windshield I VIDEO
World | October 05, 2023 15:10 ISTThe locals who stopped the convoy of Sharif allegedly broke the windshield of his vehicle and charged him for the pathetic situation in the country. The protestors outburst his tenure, raised slogans against his "corrupt" governance and accused him of letting the country plunge into crisis.
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Pakistan to suffer another oil price shock amid economic crisis, fuel prices to cross Rs 325/L
World | September 14, 2023 15:24 ISTAccording to Pakistani English Daily, the prices of kerosene would also get costlier by about Rs10 per litre.
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Special Report: Pakistan peoples thinks his country would have been different had Narendra Modi been its PM
News | July 03, 2023 23:56 ISTWhen PM Modi decides something, it affects the entire international politics, but what has Modi decided for Pakistan that the people of Pakistan are keeping their eyes on Modi keeping aside Shehbaz, Maryam and Imran.
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Pakistan: Countdown begins for economic collapse; desperate PM Shehbaz pleads IMF for $6B bailout
World | June 28, 2023 9:11 ISTInterestingly, discussions between Islamabad and the IMF stalled in December after the global lender delayed the release of a crucial tranche of $1.1 billion from the bailout
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China's 'mysterious' debt rules pushing poorest countries including Pakistan to brink of collapse
World | May 18, 2023 17:44 ISTSurprisingly, debt is consuming an ever-greater amount of the tax revenue needed to keep schools open, provide electricity and pay for food and fuel.
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Imran Khan's arrest rages violent anti-govt protests in Pakistan I Here's how events unfolded
World | May 10, 2023 0:02 ISTKhan was taken to the garrison city of Rawalpindi, near Islamabad, for questioning at the offices of the National Accountability Bureau. However, the reason did not calm down Khan's staunch supporters from ravaging the country and public properties.
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Pakistan unemployment at its peak: Over 10 lakh lost jobs in past few months amid economic slowdown
World | May 07, 2023 14:37 ISTIn four industrial sectors of Karachi and the countrywide auto vending units, stakeholders claimed that “over 5,00,000 people have faced joblessness.”
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Pakistan: 14 killed as incessant rain sweeps away tourist vehicle in occupied Kashmir
World | May 02, 2023 15:20 ISTPrime Minister Shehbaz Sharif issued a rain alert, asking disaster management authorities to remain vigilant to ensure the safety of the people.
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Pakistan: Are PM Shehbaz and Imran Khan mulling to patch-up? Here's what we tracked
World | April 17, 2023 13:51 ISTThe "patch-up" between the two warring parties was broken by Jamaat-e-Islam (JI) chief Sirajul Haq, who held separate meetings with Sharif and PTI chief Khan on Saturday.
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Pakistan: Imran again hails India for procuring Russian oil at discounted rate; laments he couldn't
World | April 09, 2023 21:28 ISTAlthough his Russia tour was the first visit by a Pakistani premier to Moscow in the past 23 years, Khan could not broker any deal that could give relief to the cash-strapped country.
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World Bank cuts India's growth forecast to THIS much; where does Pakistan stand? CHECK HERE
Business | April 04, 2023 21:16 ISTDespite this, the World Bank report said India was one of the fastest-growing economies in the world despite significant challenges remaining in the global environment.
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Pakistan: 13 people killed after stampede breaks out for free food; 'some fell into open drain'
World | April 01, 2023 16:37 ISTAccording to a report by Pakistani English Daily, the incident happened when the family members of a private firm gathered to collect free flour on Friday. Notably, this is the second such incident within a week.
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Cash-strapped Pakistan rejects US 'Summit for Democracy' invitation fearing China's diplomatic clash
World | March 29, 2023 6:27 ISTNotably, the Biden administration hosted the Summit virtually today but did not send invitations to China and Turkey-- two of its closest allies.
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