New Delhi, May 16 (IANS) Pakistan’s latest GDP data points to a fragile and uneven recovery, with the economy growing 3.7 per cent in the current fiscal year, below the government’s 4 per cent target and marginally under the nation’s State Bank projection range, a report has said.The report published in Dawn highlighted that the growth underscores the country’s continued struggle to break out of a prolonged low-growth trap shaped by structural weaknesses, external financing pressures and r…
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New Delhi, May 8 (IANS) Pakistan has entered into a difficult phase of economic management as petrol and high‑speed diesel near Rs 400 a litre, compounding pressures on households and the government, a report has said.Pakistan-based The News International said in the report that State Bank of Pakistan’s policy rate hike to 11.5 per cent adds strain on borrowers.”While citizens are bearing the brunt of inflation, the government is risking its political capital by making unpopular decisions,” it…
New Delhi, May 1 (IANS) Pakistan is confronting its most serious fuel‑price shock in over half a century, which could trigger a cascade of economic problems and undermine Prime Minister Shehbaz Sharif’s government, a new report has said.The report from Aljazeera said soaring global oil costs have hit Pakistan particularly hard because the country is heavily dependent on imported energy and remittances from Gulf states, along with an “already precarious balance-of-payments position.” The West…
New Delhi, April 29 (IANS) Pakistan repaid $3.5 billion to the United Arab Emirates last week, and immediately Riyadh stepped in with financial support, which sparked debate over Islamabad’s growing reliance on Gulf financing, a new report has said.Turkey based media house Anadolu Agency said that Saudi Arabia averted an immediate reserves shock, but it increased Pakistan’s dependence on a single benefactor at a time of heightened regional realignment.Saudi Arabia immediately made a $3 billi…
New Delhi, April 28 (IANS) Pakistan’s exports to Europe have stagnated in the first nine months of 2025-26 despite the continued access to the European Union’s Generalised Scheme of Preferences Plus (GSP+), according to a report in the local media.The report in the Pakistan Today newspaper highlights that the country’s exports to western Europe declined by 3.14 per cent to $3.30 billion in the first nine months of FY26 from $3.41 billion a year earlier, while shipments to northern Europe a…
New Delhi, April 21 (IANS) Pakistan has entered more than 20 programmes with the International Monetary Fund (IMF) over 65 years since 1958, and yet continues to remain trapped in a recurring cycle of economic crises, bailouts and temporary stabilisation without achieving durable structural reform, a report has lamented.According to a report in The News International, latest concerns were reflected in the IMF’s End-of-Mission Statement of March 2026, which once again highlighted familiar prior…
New Delhi, April 13 (IANS) Pakistan’s banking sector is staring at a sharp balance sheet hit as a surge in bond yields is expected to wipe out over Rs 600 billion in revaluation reserves within a single quarter, a new report has said.A report in The Express Tribune said a rapid shift in the fixed-income market has eroded the cushion banks had built in recent quarters, effectively resetting the sector’s balance sheet strength.Moreover, secondary market yields rose by around 150 basis points b…
New Delhi/Islamabad, April 4 (IANS) Facing mounting pressure, Pakistan has agreed to fully repay approximately “USD 3.5 billion” in deposits and loans to the United Arab Emirates (UAE) by the end of April, after the Gulf nation sought the immediate return of the money. The development comes amid reports that the UAE asked for the swift repayment of the funds, reportedly due to regional tensions linked to the ongoing conflict in West Asia involving the US, Israel, and Iran.Multiple media repo…
Washington, March 28 (IANS) The International Monetary Fund has reached a staff-level agreement with Pakistan that could unlock about $1.2 billion in fresh funding, as the country pushes ahead with fiscal tightening, structural reforms, and measures to stabilise inflation and growth.The agreement follows discussions between an IMF team and Pakistani authorities on the third review under the Extended Fund Facility (EFF) and the second review under the Resilience and Sustainability Facility (RSF)….
Islamabad, March 24 (IANS) If the war in Iran does not end quickly, it could give the most devastating shock to Pakistan’s economy in the living memory, a report has stated. Pakistan remains most exposed to the war’s evolving fallout and its economy faces several fault lines considering that it imports majority of its fuel and food from West Asia and relies heavily on the remittances from Gulf. “The country’s misfortune is compounded by timing. This is not an economy facing a shock from a posi…