By Staff Reporter
ISLAMABAD: Pakistan’s fiscal deficit continues to pose economic challenges, reaching 3.7 percent of GDP or Rs3.078 trillion in the first nine months of the current fiscal year (July-March 2023), despite a provincial surplus of Rs456 billion.
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) is collaborating with Pakistani authorities to complete the ninth review of a stalled bailout program, the Fund’s mission said on Friday.
By Staff Reporter
ISLAMABAD: Gunmen stormed a government school in the northwest Kurram district on Thursday, killing seven teachers who belonged to the country’s minority Shiite community.
News Desk
ISLAMABAD: The International Monetary Fund (IMF) is set to review Pakistan’s budget plans for the upcoming financial year, a process that could pave the way for a crucial injection of financing for the cash-strapped country, Reuters newswire reported on Thursday.
By Staff Reporter
KARACHI: Pakistan’s oil sales experienced a sharp decline, with a 46 percent year-on-year drop to 1.171 million tons in April. The country’s total sales during the July-April period of FY23 also suffered a significant setback, decreasing by 24 percent to 13.970 million tons.
By Staff Reporter
ISLAMABAD: Pakistan has agreed to seek approval from the International Monetary Fund (IMF) before providing any additional subsidies, local media reported on Thursday.
By Staff Reporter
ISLAMABAD: Political deadlock over the scheduling of elections remains unresolved as the Pakistan Tehreek-e-Insaf (PTI) party, led by former Prime Minister Imran Khan, submitted a letter to the Supreme Court seeking the implementation of the court’s order on holding the Punjab elections on May 14.
By Staff Reporter
ISLAMABAD: Pakistan’s Human Capital Index (HCI) value of 0.41 is below the South Asia average of 0.48 and the country’s human capital outcomes are more in line with Sub-Saharan Africa, where the average HCI value is 0.40, the World Bank said on Tuesday.
By Staff Reporter
ISLAMABAD: Pakistan’s trade deficit has shown a significant reduction of 39.62 percent, amounting to $23.713 billion, during the initial ten months of the current fiscal year.
By Staff Reporter
ISLAMABAD: Pakistan has surpassed Sri Lanka to become Asia’s fastest inflationary economy, with rising food and energy costs and a weaker currency driving price gains to a record in April, government data showed on Tuesday.
