Pakistan Economy
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Has Pakistan hit a jackpot with PKR 80,000 crore gold reserves? Know what country's minister claims
World | January 13, 2025 14:21 ISTFormer Mining Minister of Pakistan's Punjab province Ibrahim Hasan Murad, in a statement issued on X announced the groundbreaking discovery of "2.8 million tolas of gold, valued at 800 billion PKR."
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Pakistan ends lockdown after PTI calls off rallies, PM claims protests cost PKR 190 billion daily
World | November 28, 2024 13:24 ISTThe minister further noted that sectors like IT and telecommunications face their own economic challenges, with shutdowns disrupting social and digital activities.
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Why did cash-strapped Pakistan require another IMF loan and what it entails? EXPLAINED
Explainers | September 27, 2024 18:06 ISTPakistan's crumbling economy has been beset by decades of financial mismanagement and poor governance, as citizens are struggling to meet their basic needs. This is Pakistan's 25th loan from the IMF and it has become the lender's fifth-largest debtor.
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Cash-strapped Pakistan gets $7 bn loan from IMF, Finance Minister highlights 'transitional pain'
World | September 27, 2024 10:43 ISTThe $7 billion loan is Pakistan's 25th IMF payout programme since 1958 in exchange for unpopular reforms like increasing taxes. Decades of mismanagement and poor governance brought Pakistan to the brink of default last year as the country faced heavy economic losses.
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Pakistan: Flour selling at 800/kg, cooking oil at 900/litre but govt aims to boost nuclear weapons
World | July 17, 2024 23:39 ISTPakistan is facing severe economic turmoil, placing a heavy burden on its population amidst one of the nation's most significant financial crises in recent history. As the cost of living continues to rise sharply, essential goods are becoming increasingly unaffordable for many.
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WHAT! Pakistan's troubles refuse to end as tomato prices skyrocket to over Rs 200 before Eid
World | June 16, 2024 20:39 ISTThis is not a phenomenon in Pakistan, as vegetable prices tend to skyrocket ahead of festivals like Ramadan and Eid-Al-Adha. Pakistan continues to endure high food inflation despite government's efforts to curtail rising prices, which seem to be having the opposite effect.
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Pakistan's donkey population surges to 60 lakh but country misses GDP growth target: Economic Survey
World | June 12, 2024 20:47 ISTThe Pakistan Economic Survey highlighted two significant developments in the country. Firstly, it revealed a surprising increase in the donkey population in the last one year. On a more concerning note, the survey also reported that 4.5 million people in Pakistan are currently unemployed.
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