Pakistan’s economic crisis likely turning into catastrophe, Atif Mian warns
Economist blames “foolish policy choices” for economic woes. Pakistan’s economic crisis likely turning into catastrophe, Atif Mian warns. Economist Atif…
Economy
Read More
SBP jacks up key rate to record high of 21%
Inflation measured by the Consumer Price Index (CPI) reached an all-time high of 35.37 per cent year-on-year. SBP jacks up…
China rolls over $2bn loan to Pakistan, Dar confirms
“I am happy to confirm that this had been rolled over,” Dar says. China rolls over $2bn loan to Pakistan,…
SBP-held reserves fall to less than a month’s import cover
Forex reserves have decreased by $345m to $4.2bn. SBP-held reserves fall to less than a month’s import cover. As Pakistan…
Pakistan exits European Union’s ‘List of High-Risk Third Countries’
Islamabad was placed on the infamous list back in 2018, after which several regulatory restrictions were imposed on Pakistan. Pakistan…
IMF rejects govt’s proposal to increase BISP coverage
IMF asks Pakistan to use data to provide targeted subsidies. IMF rejects govt’s proposal to increase BISP coverage. The government’s…
Chinese bank deposits another $500m to Pakistan
Ishaq Dar says SBP received the amount in its account. Chinese bank deposits another $500m to Pakistan. Pakistan on Friday…
US willing to cooperate with Pakistan over IMF deal: US envoy
Donald Blome hopeful of Pakistan-IMF deal soon. US willing to cooperate with Pakistan over IMF deal: US envoy. US Ambassador…
SBP jacks up policy rate by 300bps to 27-year high
The national inflation calculated on the basis of the consumer price index (CPI) has surged to 31.5% on an annual…
President Alvi signs Finance (Supplementary) Bill 2023
Approval for “mini-budget” given under Article 75 of Constitution, as Pakistan seeks to unlock next tranche IMF’s loan facility. President…