While today’s low-growth, high-inflation economy is a worldwide phenomenon, less affluent countries with high-levels of public debt are especially vulnerable to its many hazards, says the WEF’s Global Risks Report 2023. By Staff Reporter.
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WB sees political uncertainty hurting Pakistan’s economy
While the growth deceleration it forecasts is global, political uncertainty and flood devastation are taking additional toll on Pakistan’s economy, says the Bank’s Global Economic Prospects. By Ahmer Kureishi.
Anwar Maqsood’s theatrical satire arrives in Islamabad
Saadhay 14 August, the culmination of a theatrical trilogy by the master playwright, has already made wave in Karachi. By Naveed Naqvi.
Gas prices may go up after all
Are the authorities using an increase in gas prices as an icebreaker in the parleys with the IMF staff for the release of a USD 1.18 billion tranche of funding? By Naveed Naqvi.
Pakistan’s 20 million flood victims need urgent humanitarian assistance
By Staff Reporter
ISLAMABAD: Pakistan’s climate change minister on Monday said the fate of the country’s 20 million flood-affected people was still dependent on humanitarian aid but the wealthy nations who bear most responsibility for causing climate change have yet to deliver all the funds they have promised, let alone enough funds to cover the damage done.
Saudi winter package brings relief to 175,000 flood victims
The relief goods were distributed in 14 districts of Pakistan’s Gilgit-Baltistan, Sindh, and Khyber-Pakhtunkhwa (KP) provinces under the auspices of King Salman Humanitarian Aid and Relief Centre. By Naveed Naqvi.
19 new TVET centres under USD 100 million ADB project
The project will fund demand-driven and gender-focused training expected to boost livelihoods and support industries that are key to Pakistan’s recovery and future growth. By Staff Reporter.
New USD 554 million flood assistance package from ADB
The Bank has consistently stood by Pakistan in the wake of this monsoon’s cataclysmic flooding, helping with post-disaster needs assessment and mobilising technical and financial resources. By Staff Reporter.
Pakistan Consumers’ Confidence Index for Q4 2022 by Ipsos. Image courtesy of Ipsos.
Economic gloom lifting but optimism still low
Although continued political stability continues to take its toll in terms of perception, a dogged optimism about the country’s economy is returning. By Ahmer Kureishi.
Image courtesy of @radiopakistan
Paucity of funds hits pensioners of Radio Pakistan
In 1947, they broke the news of Pakistan’s independence. In 1922, Radio Pakistan has run out of funds to keep their pensions payments going. By Muhammad Ali.