Minister for Parliamentary Affairs, Dr Tariq Fazal Chaudhry on Monday informed the Senate that the government was making all out efforts to address security and economic challenges confronted to the country. Winding up debate on a motion moved by Senator Mohsin Aziz about fall out of the recent war and the government plans to reduce […]
economic
From IPPs to Wheat Procurement: Is Pakistan Building Another Economic Trap?
Pakistan today finds itself trapped in a dangerous economic vortex where the state is attempting to increase revenue by placing ever-growing pressure on the economy, while the economy itself continues to shrink under that very burden. Industries are shutting down, employment opportunities are shrinking, consumption is falling, and consequently, the tax base itself is collapsing. […]
Govt claims economic recovery intact amid regional conflict
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Saturday said Pakistan’s economy continued to show signs of recovery despite ongoing regional tensions, citing strong growth in large-scale manufacturing, exports, remittances and foreign investment inflows. Addressing a news conference along with Minister for Petroleum Ali Pervaiz Malik, the finance minister said the country’s large-scale […]
Iran war erodes two years of economic gains, admits PM
Prime Minister Shehbaz Sharif on Wednesday said that Pakistan’s oil import bill has surged sharply by around 167% to $800 million per week, up from around $300 million before the ongoing regional conflict. The prime minister disclosed this while addressing the cabinet on Wednesday. “International oil prices have surged again. This Friday, we will announce […]
Zardari Drives Economic Diplomacy
President Zardari’s trip to China is a defining moment in the long-standing relationship between Pakistan and China, as the two countries mark 75 years of diplomatic ties. This visit is more than a routine diplomatic engagement; in fact, it is an effort to deepen economic cooperation, broaden trade opportunities, and strengthen a partnership that has […]
Pakistan faces economic imperative in Iran war peace push
Sheikh Nadeem sat on a plastic chair outside his bedding store in the Pakistani capital Islamabad, scrolling through his phone as he waited for customers he knew were not coming. Between rising fuel costs and rolling blackouts due to the US-Israel war on Iran, and government restrictions on opening hours aimed at saving electricity, he […]
Finmin advance economic diplomacy, engages global partners in Washington
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, concluded final day of IMF-WB Spring Meetings in Washington. He held a series of high-level bilateral meetings with global financial institutions, development partners and private sector stakeholders to advance Pakistan’s economic priorities and strengthen international partnerships. During a meeting with Francis Brooke, Deputy Secretary at the […]
Economic Ratings
Those sitting in Islamabad would be quick to paint the town red over global ratings agency Fitch’s decision to affirm Pakistan’s sovereign credit rating at B- with a stable outlook. Understandably so, as the appetite for good news remains stronger than ever. The more difficult, sobering task would be to read between the lines and […]
Pakistan, Iran stress stability as key to economic cooperation
Governor of the Central Bank of Iran Dr Abdolnaser Hemmati met Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar on Saturday on the sidelines of the ongoing Islamabad peace talks, with both sides underscoring the need for continued dialogue to promote regional stability and economic cooperation. “Both sides emphasised the importance of sustained dialogue […]
Sattar calls for major economic reforms to ease public burden
Senior MQM-P leader Farooq Sattar on Monday urged the government to take strong and unusual steps to deal with the worsening global economic situation, and presented several proposals to provide relief and ensure long-term stability. Speaking in the National Assembly, he said the world is facing fresh economic uncertainty, including the risk of recession and […]