Pakistan Economy

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Pakistan’s COVID-19-induced economic boom is not just about a jump in its traditionally largest textile exporting base. Technology exports are also leaping ahead with a sizzling momentum. For a country confronted with many longstanding economic challenges,...

Prime Minister Imran Khan has said Pakistan hopes to have large investments into mining its gold reserves in southwestern province of Balochistan, which is said to hold one of the largest mineral deposits in the world....

So, what has forced Pakistan to come up with a bleak budget for the new year? Is it the dismal growth at just over three percent of GDP,  the fulfilment of IMF bailout conditions or sloganeering...

  The Imran Khan Government feels the heat of a conditions-loaded IMF bailout deal as stocks plunged a day after the country concluded a $6 billion arrangement with the lending institution. Despite the fact that Prime...

Following extensive deliberations, the International Monetary Fund and Pakistan have agreed on a 39-month Extended Fund Arrangement (EFF) under which the Fund will loan Pakistan $6 billion. The bailout package is subject to IMF management approval....

In the midst of negotiating a bailout deal with the International Monetary Fund, Pakistan’s government suddenly finds itself is in search of a new finance minister after Asad Umar’s exit. Umar, a former CEO of Engro...

Pakistan is poised to ink a number of investment deals with Saudi Arabia worth billions of dollars during an upcoming visit of Crown Prince Mohammad Bin Salman, including a multibillion dollar oil refinery in southwestern port city...

Seeking to shore up its foreign exchange reserves, Pakistan plans to launch a dollar-denominated diaspora bond – to be named Pakistan Banao Certificate – on January 31. Prime Minister Imran Khan’s cabinet has okayed rules that...