New Delhi, Feb 2 (IANS) The Pakistan government has become addicted to IMF borrowing much like a drug addict and refuses to extricate itself from the self-made problem of creating cycles of foreign exchange shortages and bare sufficiency with IMF loans, according to a new report.These are accompanied by fiscal profligacy as seen in the government’s inability to contain needless expenditures and raise sufficient revenues to keep its debt at sustainable levels, according to an article by former …
Latest State Bank of Pakistan News & Updates
New Delhi, Jan 16 (IANS) The latest figures released by the State Bank of Pakistan show that private sector credit has plunged by a staggering 79 per cent compared to the previous year, which means businesses have raised few or no loans to expand operations and create jobs, according to a report in Pakistan’s The News International.In the first half of the previous financial year, businesses borrowed Rs 1.87 trillion from banks, which came down to a mere Rs 395 billion in the current financial…
New Delhi: Pakistan is trying to sell two futures at once — and neither is guaranteed. Even as Islamabad markets the JF-17 as a “budget multirole” fighter to cash-strapped air forces, it is simultaneously advertising its coastline as the next energy frontier, awarding offshore oil and gas blocks after years of exploration disappointment. The spectacle is revealing: a state scrambling to monetise both defence and geology because it lacks the one commodity that matters most — a strong econ…
New Delhi, Jan 14 (IANS) The ‘World Inequality Report 2026’ has listed Pakistan as a country in which inequality in income and wealth among its citizens is at alarming levels.”In Pakistan, inequality remains high and shows limited progress over the past decade. The top 10 per cent of earners capture 42 per cent of total income, whereas the bottom 50 per cent receive only 19 per cent. Wealth inequality is even more concentrated, with the richest 10 per cent holding 59 per cent of total wealth…
New Delhi, Jan 6 (IANS) After an exceptional year in which gold prices surged and the Pakistan Stock Exchange delivered near-record returns, investors are now entering 2026 with growing uncertainty. With interest rates expected to ease, taxes rising on savings, property markets losing momentum and equities no longer cheap, the easy gains of the past three years appear to be behind.For many Pakistanis, the challenge ahead is not how to make quick money, but how to protect hard-earned wealth in a …
New Delhi, Dec 27 (IANS) State Bank of Pakistan Governor Jameel Ahmad’s warning that Pakistan’s growth model is “unsustainable” for a population of 250 million comes at a time when business cycles in the country shorten, and each recovery is weaker than the one before, a report said on Saturday. The report from European Times said that the comment came at a time when Pakistan is suffocating under soaring poverty, historic unemployment, and a prolonged phase of stabilisation that has crushed ho…