Pakistan Economic Crisis

Pakistan Finance minister cancels US visit amid domestic political, judicial crisis

The development came amid the widening chasm between the judiciary and the federal government over holding polls in the country's politically crucial Punjab province.

published on : 7th April 2023

Inflation at 50-year high in Pakistan; death toll from stampedes at free food centers hits 21

Cash-strapped Pakistan had launched an initiative to distribute free flour among low-income families to ease the impact of record-breaking inflation and soaring poverty during the holy month. 

published on : 2nd April 2023

Famine-like situation simmering as inflation at 50-year high in crisis-hit Pakistan, says expert

Poor Pakistanis are feeling the brunt of the economic turmoil, and at least 20 people have been killed since the start of the Muslim fasting month of Ramadan in crowd crushes at food distribution cent

published on : 1st April 2023

Pakistan seeks US help to secure 'lenient treatment' from IMF 

Pakistan's economy is in dire straits. The foreign exchange reserves fell to a critically low level of USD 2.9 billion a few weeks ago.

published on : 14th March 2023

US President Biden proposes to double economic support fund to cash-strapped Pakistan

The State Department’s budgetary proposal plans to give Pakistan USD 82 million for fiscal 2024, beginning in October, The support was USD 39 million in 2022.

published on : 10th March 2023

The fall and fall of Pakistan

Islamist policies, political and military corruption, and a terrorism problem of its own creation has brought India’s rogue neighbour to the brink of destruction  

published on : 5th March 2023

Pity thy neighbour?: Pakistan economic crisis

Pakistan is going through its worst crisis in the last few decades. Their economy is crumbling, and their Forex reserves are said to last for only three more weeks.

published on : 1st March 2023

Cash-strapped Pakistan's rupee plunges amid talks with IMF

Pakistan is seeking a crucial instalment of $1.1 billion from the fund — part of its $6 billion bailout package — to avoid default.

published on : 26th January 2023

Power returns to cities in Pakistan day after massive outage

However, some rural areas were still waiting to be reconnected. The country’s power system is a complex and delicate web, where problems can quickly cascade.

published on : 24th January 2023

Pakistan's economy grinding to a halt as crucial dollars dry up

A shortage of crucial dollars has left banks refusing to issue new letters of credit for importers, hitting an economy already squeezed by soaring inflation and lacklustre growth.

published on : 15th January 2023

India won't go the Pakistan, Sri Lanka way: Ex RBI Governor Raghuram Rajan

According to Rajan, low foreign debt and high foreign exchange reserves make Indian economy resilient.

published on : 30th July 2022