Pakistan economy

Pakistan PM Sharif announces 10 per cent 'super tax' on large-scale industries 

Shehbaz Sharif on Thursday had warned that the country may witness more difficult times as it struggles to steer itself out of the ongoing economic crisis.

published on : 24th June 2022

'Cut tea drinking by 1-2 cups': Pakistan minister's request in bid to reduce import bill

Pakistan's Federal Minister for Planning made the appeal after the federal budget document for the last fiscal year showed a Rs 13 billion increase in tea imports from the year before that.

published on : 15th June 2022

Cash-strapped Pakistan gets USD 8 billion in financial support from Saudi Arabia

Pakistan has faced growing economic challenges, with high inflation, sliding forex reserves, a widening current account deficit and a depreciating currency.

published on : 1st May 2022

Debt-ridden Pakistan's policy continuity in doubt, says Moody's Investors Service

The GDP growth forecast is based on expectations of a reform agenda and the China-Pakistan Economic Corridor (CPEC) helps boost economic growth.

published on : 12th April 2022

Pakistan's increasing dependency on Beijing reflected during Imran Khan's recent visit to China: Report

During his four-day visit to China, Imran Khan attended the opening ceremony of the Beijing Winter Olympics and met with the top Chinese leadership.

published on : 15th February 2022

Pakistan to offer permanent residency scheme for rich foreign nationals to boost weak economy

A  key federal minister was reported saying one of the purposes of opening the scheme was to attract rich Afghans, who were moving to Turkey, Malaysia and other countries following the fall of Kabul.

published on : 15th January 2022

Pakistan to grow at 3.4 per cent in current fiscal: World Bank

The report points out that real interest rates in Pakistan dropped precipitously during 2020 and remained negative through 2021.

published on : 13th January 2022

Inflation in Pakistan will continue to rise for next six months: Report

Inflation in Pakistan is on the rise and it has triggered countrywide protests by the Opposition and people.

published on : 6th November 2021

Pakistan PM Imran Khan dials Chinese President Xi Jinping; vows to boost bilateral, economic ties

Imran Khan and Xi Jinping agreed to promote CPEC's green development as a high-quality demonstration of China's Belt and Road Initiative.

published on : 26th October 2021