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Spend less on defence and more on human development, World Bank tells Pakistan

Proposes to more than double the spending on education and health, reduce fertility rate by half

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March 18, 2019


More unemployment and layoffs likely in Pakistan: Fitch

The GDP will slow down and job market will remain tight, predicts the research firm

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March 13, 2019


Dollar stable in open market

The dollar has been hovering between Rs139 and Rs140 for a month now

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January 15, 2019


Gold price increases by Rs500

It is being traded at Rs67,400 per tola

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January 15, 2019


There is no economic crisis in Pakistan, says Asad Umar

Our economic indicators are now improving

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December 4, 2018


Entrepreneurs woo investors with $1b as 021Disrupt kicks off

Pakistan’s largest startup event ropes in 50 institutional investors

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November 10, 2018


Brace for impact as inflation hits four-year high

Eating chicken is going to be more expensive now

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November 2, 2018


Pakistan among top three countries with high upward mobility

Findings revealed in SCB’s Emerging Affluent Study 2018

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October 29, 2018


Pakistan to go for IMF bailout despite Saudi aid

Govt is currently negotiating with IMF

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October 24, 2018


Pakistan among six fastest growing economies of 2030

Pakistan has the world’s fourth largest IT workforce

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October 18, 2018


Dollar closes at Rs133.8 in interbank market

In the open market it was traded above Rs135

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October 10, 2018


Pakistan’s foreign reserves will last for only 1.5 months: Fawad Chaudhry

Going to the IMF was not a part of our policy, he said

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October 9, 2018


Tax axe: Where is relief for the poor?

Is a voter born to elevate politicians to assemblies

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October 2, 2018


IMF urges Pakistan to bring non-filers into the tax net

Pakistan has gone to the IMF repeatedly since the late 1980s

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October 1, 2018


Ban cheese imports? Pakistan discusses outside-the-box ideas to avoid IMF bailout

Pakistani economic advisors discussed banning imports of luxury cars, smartphones and cheese in a wide-ranging strategy session on how to avoid seeking a bailout from the International Monetary Fund (IMF), a senior government advisor said. While no decisions were made, the floating of radical measures to tackle Pakistan’s ballooning current account deficit by the newly…

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September 9, 2018


IMF bailout on the cards for next government, say analysts

Pakistan’s next government, to be chosen in a July 25 election, faces growing fears of a balance of payments crisis with speculation it will have to seek its second IMF bailout in five years, analysts say. The central bank is running down its foreign reserves and devaluing the currency in a bid to bridge a…

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July 8, 2018


Govt raises $ 2.5 bn by selling Sukuk, Eurobond

KARACHI: Pakistan has raised $2.5 billion from foreign capital markets by issuing the five-year Sukuk (Islamic bond) and the 10-year Eurobond in New York. Officials say the government has managed to attract highest-ever bids in the auction of Pakistani debt in its first venture into foreign capital markets. Bids worth over $8 billion were received…

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November 30, 2017


5 things that will become cheap and 5 things that will become expensive as a result of the budget

ISLAMABAD: Finance Minister Ishaq Dar presented the budget for the year 2017-18 on Friday. While taxes were imposed on some goods, others were granted relief by the government and their prices were reduced.  1. Good news for mobile phone users! For those of us who love to chat on mobile phones and better yet, purchase…

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May 26, 2017


Beyond the headlines of terrorism, Pakistan’s economy is on the rise

WASHINGTON: Shortly after Egypt’s 2011 uprising ended with the fall of President Hosni Mubarak, prominent Egyptian investor Ahmed Heikal said: “If we get things right, we could be Turkey in 10 years. If we get them wrong, we could be Pakistan in 18 months.” Everyone understood the subtext: Turkey was the model; Pakistan was the…

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February 22, 2017