Pakistan economic crisis

Impoverished Pakistanis abandon hopes of reaching Europe after boat tragedies

The International Organization for Migration has declared the Mediterranean passage the world's most perilous migration route. Around 1,728 migrants have gone missing there this year alone.

published on : 25th July 2023

IMF-Pakistan tug of war and the changing geopolitical arena

Pakistan’s army is a State within a State and controls crucial political and economic decisions. The civilian government simply cannot bypass the military for fear of being overthrown.

published on : 20th July 2023

Pakistan, IMF discussing USD 2.5 billion 'standby arrangement'

PM Sharif and IMF chief Georgieva expressed hope that coordination on the points of the bailout programme would lead to a decision from the global lender in a day or two.

published on : 28th June 2023

Crisis-hit Pakistan unveils $51 billion budget, with half to service debt

Inflation has rocketed, the rupee has plummeted and the country can no longer afford imports, causing a severe decline in industrial output.

published on : 9th June 2023

Pakistan failing in every economic index amid skyrocketing inflation

The grim data gives the cash-strapped government little room to introduce populist vote-attracting measures in Friday's budget ahead of an election due to be held in October.

published on : 8th June 2023