Pakistan Economy

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<!-- -->Pakistan is in dire need of funds as it battles a wrenching economic crisis.Washington: Pakistan has to do more to ensure that the foundation for strong growth is in place, taxes are collected and are fairly distributed, and…

ISLAMABAD: Pakistan will this week receive a new $700 million loan from China to help shore up its foreign exchange reserves, the South Asian country's finance minister said on Wednesday.The credit facility, extended through the state-owned…

Last Updated: February 22, 2023, 13:23 ISTPakistan's Army Chief General Asim Munir has directed QMG, CLS & DG MO to make sure food supplies are provided to the army. (File Photo: AP)The top commanders raised concerns regarding food…

<!-- -->A general view of Gwadar port in PakistanKARACHI: Pakistan's current account deficit (CAD) dropped to $0.2 billion in January 2023, down 90% from last year as the rupee's depreciation slowed down imports, the central bank said…

ISLAMABAD: Cash-strapped Pakistan must take steps to ensure that its high earners pay taxes and only the poor get the subsidies if it wants to function as a country, the International Monetary Fund has said, amid looming fears of a…

Last Updated: February 19, 2023, 09:06 ISTPakistan’s defence minister Khawaja Asif said the government was begging the IMF for the 23rd time in 75 years, adding that Pakistan’s debt has increased by 23% in just one year. (File Photo)…

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…