Pakistan is currently at the beginning of the worst economic crisis since the country’s formation in 1947, Geo-politik reported. According to Geo-politik, Pakistan has taken fourteen loans from the IMF thus far, but ironically none of them has ever been completed. This, therefore, raises serious questions about the capacity and capability of the Pakistan state … Read more
The International Monetary Fund (IMF) has concluded its first round of “tough talks” with Pakistan and said that Fund will share nine tables — comprising macroeconomic and fiscal framework — with the Pakistan authorities which will pave way for holding policy-level talks next week, reported Geo News. If Pakistan and IMF reach a consensus by … Read more
With the dissolution of Punjab and the Khyber Pakhtunkhwa (KP) provincial assemblies, Pakistan’s politics has entered tumultuous territory. Former Prime Minister and founder of the Pakistan Tehreek-e-Insaf (PTI) Imran Khan believes that now the PTI has a better chance to return with more seats. On the contrary, the Pakistan Muslim League (Nawaz) (PML-N) and the … Read more
The State Bank of Pakistan’s foreign exchange reserves dipped $11 billion to $5.6 billion from $16.6 billion in January 2022. | Photo Credit: Reuters Pakistan central bank’s foreign exchange reserves plummeted to an eight-year low of over $5.5 billion amidst fear of default, according to a media report on Friday. The forex reserves have dwindled … Read more
The new government in Pakistan, headed by Prime Minister Shehbaz Sharif, faces major challenges — economically, politically and socially. Handling the economy is possibly the biggest challenge, compounded by the fact that the new government has a very short term — a maximum till August 2023 till the next general elections, or a shorter term … Read more