New Delhi, March 24 (IANS) The Asian Development Bank’s $10 billion credit to Pakistan till 2030 signalled continued multilateral confidence, but underscores the country’s heavy reliance on external support and the urgent need for structural reforms to solve institutional challenges, as per a media report.The editorial from Dawn highlighted that capital inflows alone cannot fix “institutional challenges.””The focus on integrated solutions by combining policy reforms with financing and technica…
Latest IMF News & Updates
New Delhi, March 24 (IANS) The decision to enter another IMF funding arrangement has been a subject of continuous debate in Pakistan, as the country has already gone to the multilateral lending institution as many as 24 times for bailout packages to restore its macroeconomic vulnerabilities.Pakistan’s economy has been growing in a “stop-start” pattern as it improves for a while, with these IMF programmes bringing some stabilisation in the short-term, but then worsens again as there is no susta…
New Delhi, March 21 (IANS) The Asian Development Bank’s (ADB) announcement of a $10 billion credit for Pakistan over five years highlights the country’s continued reliance on external funding even as its peer nations grow out of such dependencies, a new report has said.”Experts have noted that countries once considered Pakistan’s peers are now able to self-finance growth, while we need to borrow to pay for basic infrastructure development,” the report from The Express Tribune noted.The finan…
New Delhi, March 20 (IANS) A significant jump in oil prices — due to escalating geopolitical tensions in West Asia — has raised concerns over energy security and economic stability in import-dependent Pakistan, according to a report.According to Business Recorder, the ongoing conflict has intensified concerns over the safety of the Strait of Hormuz, a key shipping route that handles nearly 20 per cent of global seaborne oil trade.Pakistan remains particularly vulnerable due to its heavy relian…
New Delhi, March 19 (IANS) Pakistan’s fragile economy faces a major risk from the US-Israel war with Iran, as the country is heavily dependent on imported fuel and energy prices have shot up due the conflict which has spread across the Middle East countries.If the war drags on and energy prices remain elevated, Pakistan could once again find itself facing the kind of macroeconomic stress that has repeatedly disrupted its growth trajectory. Any volatility in global energy prices could hit GDP, …
New Delhi, March 17 (IANS) NPCI International Payments Limited — the international arm of the National Payments Corporation of India (NPCI) — on Tuesday said it is strengthening the acceptance of Unified Payments Interface (UPI) across Sri Lanka to enable a seamless payment experience for Indian tourists and support the island nation’s digital economy.With more than 700 million QR touchpoints in India, the platform’s interoperable architecture enables integration with global systems, inclu…
New Delhi, March 13 (IANS) Pakistan’s central government debt rose by over Rs 7 trillion in 2025 marking an increase of nearly 10 per cent — a trend that risks diverting resources away from private investment, job creation and public services, a report said on Friday.An editorial in The Express Tribune warned that at the current rate Pakistan will become “a perennial contender for the world’s worst-run country,” without a quick resolution.”Without a relatively quick resolution, debt manageme…
New Delhi, March 9 (IANS) Pakistan’s raging war across the border with Afghanistan has put in danger the next instalment of the IMF funding that Islamabad so desperately needs, according to a media article.The IMF team is currently visiting Pakistan for its third-round review of the country’s economy, ahead of the next tranche of funding. The team is looking closely at whether the economic decisions that Islamabad is taking meet the requirements that have been fixed by the multilateral lending…
New Delhi, March 8 (IANS) Pakistan has locked itself into a “dangerous economic trap” by prioritising short‑term expatriate remittances and foreign aid over productive development, a report has said.The report from Asian Lite said prioritising remittances and aid over development creates “profound structural problems that sets Pakistan to stagnation.”Further, it highlighted a dangerous trend of remittance money used to finance consumption of luxury imports rather than investment.The country re…
New Delhi, March 6 (IANS) The mismanagement of Pakistan as a polity by its ruling elite has landed the country in periodic crises, which have been as much political as economic, and the resulting economic turmoil has necessitated 25 IMF programmes, each of which has compounded the country’s structural problems rather than providing a pathway to sustainable growth and development, a Pakistani media report said.The latest example is the ongoing programme where the IMF has endorsed the government…