Pakistan Economy

<!-- -->Karachi has witnessed a surge of Rs 200 in the price of a 20kg bag of flour. (Representational)Karachi: As the flour prices in Pakistan's Karachi scaled a new peak of Rs 3200 per 20 kilogram - meaning 1 kg flour costing Rs…

ISLAMABAD: Pakistan has received deposits of $2 billion from Saudi Arabia, Finance Minister Ishaq Dar said on Tuesday, ahead of a key meeting of the IMF to endorse a loan for the cash-strapped country.Last month, the Pakistan governmentand…

File picture of the International Monetary Fund logo on its building | Photo Credit: AP With the IMF now on board, the cash-strapped Pakistan government is now considering meeting most of its external financing needs in the medium term…

<!-- -->Pakistan is going through its worst economic crisisPakistan won vital breathing space from a potential debt default thanks to a draft agreement with the International Monetary Fund, but political stability will prove key to…

ISLAMABAD: The International Monetary Fund (IMF) has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement, the lender said, a decision long awaited by the South Asian nation which is teetering on the brink of…

Pakistan's persistent struggle to purchase liquefied natural gas (LNG) from the spot market took a disappointing turn as their latest attempt ended without any suppliers offering cargo, Bloomberg reported. The state-owned Pakistan LNG Ltd.…

Pakistan finance minister Ishaq Dar claimed that the UAE and Saudi Arabia have assured the IMF of financing $3 bn for Pakistan but some officials say it is not yet certain. (Image: Reuters File)Finance minister Ishaq Dar kept contradicting…

<!-- -->Pakistan's economy has been in a free fall mode for the last many years.Islamabad: The IMF has raised several issues in Pakistan's budget for the fiscal year 2023-24, calling it a "missed opportunity" but expressed its…

Amid the ongoing economic crisis, Pakistan's Finance Minister Ishaq Dar unveiled the annual budget for 2023-24 on Friday (June 9) on the floor of the National Assembly. It was a 14.5 trillion rupee (around $50.5 billion) budget, with over…

<!-- -->Karachi: Pakistan's government will present its annual budget to parliament on Friday needing to satisfy the IMF to have any chance of securing the release of more bailout money, with the crisis-riven country due to hold…