By Monitoring Desk
Bondholders are bracing for a potential default by Pakistan as the beleaguered nation faces billions of dollars in debt repayments that it will struggle to make good on without a bailout from the IMF or rollovers from bilateral creditors.
By Staff Reporter
KARACHI: Inflation in February hit the highest in 50 years on runaway food, beverage and transportation prices, official data showed on Wednesday, highlighting the challenge for the central bank as the country reels under its worst financial crisis in over 75 years of history.
Mired in myriad troubles rooted in mismanagement, corruption, and union unrest, the ailing industrial colossus remains unamenable to a turnaround under public sector management. By Naveed Naqvi.
The authorities are dealing finishing touches to a comprehensive plan to staunch electricity theft, which cost Pakistan almost USD 1.5 billion this year alone. By Naveed Naqvi.
Treasury and opposition members made hard-hitting speeches against the inflationary measures included in the supplementary finance bill, but the committee eventually embraced the draft law, requisite to unlock financing from the International Monetary Fund (IMF). By Naveed Naqvi.
By Staff Reporter
ISLAMABAD: The government on Wednesday tabled a money bill in parliament to raise Rs170 billion in taxes by June this year as part of conditions by the International Monetary Fund (IMF) to revive a stalled $6.5 billion loan program.
By Staff Reporter
KARACHI: Fitch on Tuesday cut Pakistan’s sovereign credit rating by a notch to CCC- from CCC+, citing policy risks, critically low reserves and large refinancing risks, and difficult conditions set by the International Monetary Fund (IMF).
By Staff Reporter
ISLAMABAD: The government approved a plan to increase domestic gas prices to meet a key condition set by the International Monetary Fund for reviving its bailout program as the two sides resume talks virtually on Monday to reach a deal.
Already under pressure amid tough economy, the steel industry says its very existence is threatened by the foreign exchange crisis, depriving them of crucial inputs. By Muhammad Ali.
This report looks at the reasons for why Pakistan is stuck with low per-capita GDP growth over the past two decades, and explore ways and means to put the country on a path of higher and sustained economic growth. By Staff Reporter.
