Pakistan Economy

NEW DELHI: Pakistan government hiked petrol price in the country by another whopping 22 rupees a litre on Thursday. The finance ministry in a statement attributed the hike to the plummeting value of the country's currency.1/20Inflation at…

MUMBAI/ISLAMABAD: Inflation in Pakistan could average 33% in the first half of 2023 before trending lower, and a bailout from the International Monetary Fund alone is unlikely to put the economy back on track, a senior economist with…

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<!-- -->Industries warn of rising unemployment in face of blocked imports. (Representational)Islamabad, Pakistan: Pakistan business chiefs are clamouring for the cash-strapped government to allow manufacturing materials stuck at the…

<!-- -->Pakistan's economy is in dire straits, stricken by a balance of payments crisis. (File)Washington: The IMF said Friday that progress was made during crisis talks with cash-strapped Pakistan, but no deal was announced as they…

People jostle to buy subsidized sacks of wheat flour from a sale point in Quetta, Pakistan. People are suffering from recent price hike in wheat-flour in Pakistan. | Photo Credit: AP/Arshad Butt Pakistan’s economy is on the brink of…

<!-- -->The IMF has set several conditions for resuming the bailout.Islamabad: Oil companies in cash-strapped Pakistan have warned that the industry is on the "brink of collapse" as the dollar liquidity crisis persists and their cost…

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<!-- -->Chief economist of the IMF said Pakistan is going To Slow Down this year.Islamabad:  The International Monetary Fund projected a slowdown in the Gross Domestic Product (GDP) from 3.5 per cent to 2 per cent for the current…

<!-- -->Pakistan's moves to loosen its grip on the currency and increase fuel prices indicate that the beleaguered nation is finally taking the unpopular decisions needed to secure the $6.5 billion bailout program from the…