Pakistan’s perfect storm: An economic crisis meets a political one
1 year, 9 months ago

Pakistan’s perfect storm: An economic crisis meets a political one

Hindustan Times  

Pakistan’s news cycle has shifted from bailout negotiations with the IMF to pitched battles between former prime minister Imran Khan’s supporters and security forces. See Chart 2: Monthly inflation in Pakistan Imran Khan outside power is far more popular than Imran Khan in power Data from Gallup Pakistan, an affiliate of a global survey research agency, shows that Imran Khan enjoys majority support across the country in the latest public poll held in the first 20 days of February. A majority of the respondents blame the coalition government of the Pakistan Democratic Movement/Pakistan Muslim League-N for the economic turmoil, while only 38% blame the previous Khan government. When Khan took over the as prime minister in 2018, he appointed Atif Mian, one of the most respected Pakistani economists, currently a professor at Princeton, as his economic advisor.

Inflation Economic Khan Bloomberg Imf Chart Imran 2022 Mian Imran Khan Pakistani Economy  imran  pakistan  storm  perfect  inflation  minister  political  khan  pakistani  economy  2022  imf  meets  crisis  economic  pakistans

History of this topic

Pakistan blames IMF for record inflation, erosion in purchasing power
1 week, 5 days ago

Pakistan blames IMF for record inflation, erosion in purchasing power

Firstpost  

Under the IMF programme, Pakistan recorded 840% increase in gas prices, 110% rise in electricity rates, and 43% currency depreciation, according to Finance Minister Muhammad Aurangzeb Cash-strapped Pakistan has turned to the IMF yet again to rescue its ailing economy. Pakistani Finance Minister Muhammad Aurangzeb said on Wednesday that the country recoded 840 per cent increase in gas prices, 110 …

‘House of Cards’: How Imran Khan’s ‘final call’ deepens uncertainty in Pakistan
3 weeks, 2 days ago

‘House of Cards’: How Imran Khan’s ‘final call’ deepens uncertainty in Pakistan

Firstpost  

Khan frames his movement as one to restore ‘true democracy’ and ‘justice’ in Pakistan, despite his own contradictions and political alliances The political landscape of Pakistan has been undergoing dramatic shifts in recent years, with the rise of PTI’s populist movements, intense political polarisation, and societal rifts. The political landscape of Pakistan has been undergoing dramatic shifts in recent years, …

A violent showdown in Pakistan’s capital pits the government against Imran Khan supporters
4 weeks ago

A violent showdown in Pakistan’s capital pits the government against Imran Khan supporters

Associated Press  

ISLAMABAD — Thousands of people are in the heart of Pakistan’s capital to demand the release of imprisoned former premier Imran Khan. It’s the second time in as many months that the government has shut down Islamabad and mobilized massive resources to contain Khan’s supporters. Here is what’s behind the turmoil: Khan’s star power is undimmed even from prison Cricket …

How does Imran Khan continue to drive Pakistan's political agenda from jail?
4 weeks, 1 day ago

How does Imran Khan continue to drive Pakistan's political agenda from jail?

Firstpost  

Thousands of supporters of Imran Khan are marching to Pakistan’s capital of Islamabad to demand his release from jail. A key Khan aid, Ali Amin Gandapur, who is the chief minister of Khyber Pakhtunkhwa province and is expected to lead the largest convoy into Islamabad, called on people to gather near the entrance of the city’s red zone, known as …

Why Imran Khan is the most powerful man in Pakistan
1 month ago

Why Imran Khan is the most powerful man in Pakistan

India Today  

November 24 saw the beginning of a political showdown between Imran Khan and Pakistan’s government. Thousands of Khan’s supporters marched on Islamabad to put pressure on the country’s weakening administration, led by Prime Minister Shehbaz Sharif. The protesters aimed to achieve three primary objectives: the release of Imran Khan and other detained leaders, a reversal of the alleged election fraud, …

The IMF has a protest problem
1 month, 1 week ago

The IMF has a protest problem

Live Mint  

It has been a tumultuous few months for the International Monetary Fund’s borrowers. In June protests brought thousands onto the streets in Kenya after William Ruto, the president, laid out the spending cuts required to convince the IMF to disburse the latest instalment of the country’s $3bn bail-out. Two months later, Sheikh Hasina, prime minister of Bangladesh, which also has …

IMF To Evaluate Pakistan’s External Financing Requirements In Upcoming Review, Says Report
1 month, 2 weeks ago

IMF To Evaluate Pakistan’s External Financing Requirements In Upcoming Review, Says Report

ABP News  

The International Monetary Fund will examine the external financing needs of Pakistan in its performance review discussions next week. The global body will hold an unscheduled discussion in the country and assess the need of new foreign loans to fill almost $2.5 billion in external financing gap needed for the fiscal year. Pakistan is currently facing delays in securing loans …

IMF to assess Pakistan's external financing needs during performance review discussions: Report
1 month, 2 weeks ago

IMF to assess Pakistan's external financing needs during performance review discussions: Report

New Indian Express  

ISLAMABAD: The IMF's unscheduled performance review discussions in Pakistan next week will primarily focus on the materialisation of new foreign loans to the country to fill nearly USD 2.5 billion in external financing gap for this fiscal year, according to a media report. The International Monetary Fund will assess Pakistan's external financing needs during these discussions, as some planned loans …

Trump 2.0: Will China and Imran Khan test Pakistan ties with the US?
1 month, 2 weeks ago

Trump 2.0: Will China and Imran Khan test Pakistan ties with the US?

Al Jazeera  

The former PM’s team hopes that Trump will lean on Pakistan to release him from jail. Islamabad, Pakistan – Amid a flurry of congratulatory messages from political leaders worldwide following his victory in the US presidential election, Donald Trump received a message from an unexpected source: Pakistan’s former Prime Minister Imran Khan, his “very good friend” who is currently in …

Pakistan economy grows faster than expected buoyed by IMF loan, lower rates
2 months, 3 weeks ago

Pakistan economy grows faster than expected buoyed by IMF loan, lower rates

Hindustan Times  

Pakistan’s economy grew faster than expected last quarter as funds from the International Monetary Fund and lower interest rates buoyed activity. Pakistan's GDP rose 3.07% in the last quarter, aided by IMF funds and lower borrowing costs. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Gross domestic product rose 3.07% in the three months to June from a year ago, the Pakistan Bureau of …

Rajnath Singh says ‘India would’ve given larger bailout package to Pakistan if…'
2 months, 3 weeks ago

Rajnath Singh says ‘India would’ve given larger bailout package to Pakistan if…'

Hindustan Times  

Defence minister Rajnath Singh on Sunday said that India would have given a larger bailout package to Pakistan than the one sought by the neighbour from International Monetary Fund, had Islamabad maintained friendly relations with New Delhi. The amount is much bigger than what Pakistan was seeking from the IMF," PTI quoted Rajnath as saying at an election rally in …

Is Pakistan’s $7bn IMF bailout package in trouble?
3 months, 2 weeks ago

Is Pakistan’s $7bn IMF bailout package in trouble?

Al Jazeera  

Pakistan’s deputy prime minister has accused the IMF of stalling on a loan deal, prompting concerns over its fate. Earlier this week, Pakistan’s Deputy Prime Minister Ishaq Dar accused the IMF of “deliberately delaying” the release of funds. Pakistan eventually narrowly avoided default when Shehbaz Sharif, in his first stint as prime minister, managed to secure a new, nine-month long …

Imran Khan warns of 'Parochialism' as pakistan faces economic collapse & terrorism
3 months, 3 weeks ago

Imran Khan warns of 'Parochialism' as pakistan faces economic collapse & terrorism

Firstpost  

Imran Khan has warned that Pakistan’s fragile economy, exacerbated by political instability and terrorism, risks falling into parochialism, hampering investment and national unity. Former prime minister Imran Khan has said that Pakistan is at risk of parochialism as political instability and terrorism have brought the economy to the verge of collapse. The 71-year-old Pakistan-Tehreek-e-Insaf: founder on Friday said the fragile …

Why Pakistan's IMF bailout won't be its 'last' as PM Sharif says
5 months ago

Why Pakistan's IMF bailout won't be its 'last' as PM Sharif says

Firstpost  

The IMF last week agreed to loan Pakistan $7 billion to bail out its faltering economy. Pakistan’s economic realities may prove Sharif wrong in not too distant future The International Monetary Fund has once again agreed to extend a substantial $7 billion loan to Pakistan to stabilise its teetering economy. Pakistan Prime Minister Shehbaz Sharif told his ministers that this …

Pakistan to receive yet another loan from the IMF, $7 billion this time
5 months, 1 week ago

Pakistan to receive yet another loan from the IMF, $7 billion this time

Hindustan Times  

Pakistan and the IMF have agreed on a USD 7 billion aid package spread over more than three years to help the cash-strapped country deal with its chronic economic issues. A participant stands near a logo of IMF at the International Monetary Fund - World Bank annual meeting in Bali, Indonesia “Building on the economic stability achieved under the 2023 …

Pakistan reaches new $7 bn loan deal with IMF
5 months, 1 week ago

Pakistan reaches new $7 bn loan deal with IMF

The Hindu  

Pakistan and the International Monetary Fund have agreed on a $7 billion aid package spread over more than three years to help the cash-strapped country deal with its chronic economic issues. “Building on the economic stability achieved under the 2023 Stand-by Arrangement, IMF staff and the Pakistani authorities have reached a staff-level agreement on a 37-month Extended Fund Facility Arrangement …

Pakistan reaches new $7 billion loan deal with IMF
5 months, 1 week ago

Pakistan reaches new $7 billion loan deal with IMF

Associated Press  

Pakistan has reached a staff-level agreement for a new $7 billion loan deal, the International Monetary Fund said Friday, the country’s latest turn to the global lender for help in propping up its economy and dealing with its debts through big bailouts. “The program aims to capitalize on the hard-won macroeconomic stability achieved over the past year by furthering efforts …

Pakistan Minister says ‘angry’ Imran Khan should remain jailed till 2029 to ensure…
6 months, 1 week ago

Pakistan Minister says ‘angry’ Imran Khan should remain jailed till 2029 to ensure…

Live Mint  

Pakistani minister Ahsan Iqbal claimed on Saturday that many would prefer the incarceration of former PM Imran Khan till 2029 to ensure ‘economic stability’. The Federal Planning and Development Minister also insisted that the PTI would have to ‘show seriousness’ if Imran Khan wanted to hold dialogue with the government. “People come to us and tell us if Pakistan has …

Pakistan’s new government presents its first budget as it seeks a new long-term IMF bailout
6 months, 1 week ago

Pakistan’s new government presents its first budget as it seeks a new long-term IMF bailout

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Pakistan’s new government presents its first budget as it seeks a new long-term IMF bailout
6 months, 1 week ago

Pakistan’s new government presents its first budget as it seeks a new long-term IMF bailout

Associated Press  

ISLAMABAD — Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax collection target while talks with the International Monetary Fund about a new bailout continue. Analysts say the new budget of about $68 billion — up from $50 billion …

Is Pakistan’s crisis-ridden economy finally recovering?
6 months, 1 week ago

Is Pakistan’s crisis-ridden economy finally recovering?

Al Jazeera  

Ahead of the country’s budget on Wednesday, inflation is down, forex reserves are up. Islamabad, Pakistan – The Pakistani government will present its annual budget on Wednesday, seeking to balance domestic commitments to the country’s 240 million people and demands of fiscal prudence from the International Monetary Fund – a key source of loans. Sharif recently travelled to Saudi Arabia, …

Pakistan seeks 24th 'longer and larger' bailout programme from IMF
7 months ago

Pakistan seeks 24th 'longer and larger' bailout programme from IMF

Hindustan Times  

The International Monetary Fund confirmed that the talks with Pakistan are underway on the 24th 'longer and larger' bailout programme under the Extended Fund Facility, reported ARY News. She noted that on April 29, the IMF Executive Board completed the second review of the stand-by arrangement for Pakistan, allowing a disbursement of about USD 1.1 billion, ARY News reported. Pakistan …

IMF team in Pakistan as doubts cloud debt-repayment
7 months, 1 week ago

IMF team in Pakistan as doubts cloud debt-repayment

Deccan Chronicle  

The Washington-based bank's assessment of Pakistan's economy came as an IMF support team reached the country on Friday to hold talks with officials here after Islamabad requested a fresh bailout package under the Extended Fund Facility. Exceptionally high risks notably from delayed adoption of reforms, high public debt and gross financing needs, low gross reserves and the State Bank of …

IMF approves immediate disbursal of USD 1.1 billion loan tranche to Pakistan
7 months, 3 weeks ago

IMF approves immediate disbursal of USD 1.1 billion loan tranche to Pakistan

Deccan Chronicle  

Washington/Islamabad: The IMF has approved an immediate disbursal of the final tranche of USD 1.1 billion to Pakistan as part of a bailout package, emphasising that the cash-strapped country needs to take tough measures to bring its economy back on track. The International Monetary Fund Executive Board's decision on Monday came after the global lender completed the second and final …

IMF approves disbursal of $1.1 billion loan tranche to cash-strapped Pakistan
7 months, 3 weeks ago

IMF approves disbursal of $1.1 billion loan tranche to cash-strapped Pakistan

India TV News  

Washington: The International Monetary Fund has finally approved the immediate disbursement of the $1.1 billion loan tranche to cash-strapped Pakistan, marking the conclusion of the second economic bailout package, Dawn reported. The IMF reached a staff-level agreement with cash-strapped Pakistan for the release of a $1.1 billion tranche last month, noting that Pakistan's inflation was above target and economic growth …

Pakistan can’t survive without another IMF assistance, says PM Shehbaz Sharif
9 months ago

Pakistan can’t survive without another IMF assistance, says PM Shehbaz Sharif

Live Mint  

Pakistan Prime Minister Shehbaz Sharif on Thursday said the economy of the country can't survive without another assistance from the International Monetary Fund, news agency Reuters reported. Hoping to get an aid of $1.1 billion tranche from the global financial agency next month, the Pakistan prime minister said the country needs to bring deep-rooted structural reforms with the two-three year …

IMF reaches agreement with Pakistan on releasing last tranche of $3 billion bailout package
9 months ago

IMF reaches agreement with Pakistan on releasing last tranche of $3 billion bailout package

India TV News  

Washington: The International Monetary Fund on Wednesday announced that it has reached a staff-level agreement with cash-strapped Pakistan for the release of $1.1 billion tranche, the last of the $3 billion financial bailout package, as the global moneylender noted that Pakistan's inflation was above target and economic growth remained modest, reported the Express Tribune. “The IMF team has reached a …

IMF to hold crucial talks with Pakistan over release of final $1.1B tranche of $3B bailout
9 months, 1 week ago

IMF to hold crucial talks with Pakistan over release of final $1.1B tranche of $3B bailout

Associated Press  

ISLAMABAD — The International Monetary Fund will hold a crucial round of talks with Pakistan’s newly elected government this week to determine whether the country has met conditions for receiving the much needed final $1.1 billion tranche of a $3 billion bailout, officials said Wednesday. Pakistan is likely to get the final installment of $1.1 billion from the IMF under …

Pakistan swears in new parliament amid chaotic scenes, as Imran Khan's party protests vote count
9 months, 3 weeks ago

Pakistan swears in new parliament amid chaotic scenes, as Imran Khan's party protests vote count

The Hindu  

Pakistan's National Assembly swore in newly elected members on Thursday in a chaotic scene, as allies of jailed former Premier Imran Khan protested what they claim was a rigged election. Lawmakers from Mr. Khan's Pakistan Tehreek-e-Insaf party repeatedly chanted "Vote-thief!” as Shehbaz Sharif, who's expected to form the government, entered the Lower House of parliament with his brother Nawaz Sharif. …

Pakistan election 2024 | Imran Khan asks IMF to audit results before considering any bailout talks with new govt
9 months, 3 weeks ago

Pakistan election 2024 | Imran Khan asks IMF to audit results before considering any bailout talks with new govt

The Hindu  

Pakistan's jailed former prime minister Imran Khan on February 28 sent a letter to the International Monetary Fund, urging it to ensure the audit of at least 30% of national and provincial assembly seats before considering any further bailout talks with the cash-strapped country. It further recalled that in the previous interaction between Khan and the IMF representatives last year, …

Imran Khan asks IMF not to extend loan to Pakistan before election audit
10 months ago

Imran Khan asks IMF not to extend loan to Pakistan before election audit

Hindustan Times  

Pakistan Tehreek-e-Insaf leader Imran Khan on Friday confirmed that he wrote a letter to the IMF, asking it to hold an audit of election results in Pakistan before approving any new loan for Islamabad. Imran Khan said that the loan would add to the country's debt and lead to more poverty. Khan's confirmation came after PTI senator Ali Zafar said …

Pakistani ex-Prime Minister Khan wants the IMF to link talks to an independent audit of the election
10 months ago

Pakistani ex-Prime Minister Khan wants the IMF to link talks to an independent audit of the election

Live Mint  

Pakistani ex-Prime Minister Khan wants the IMF to link talks to an independent audit of the election ISLAMABAD — Pakistan’s imprisoned former Prime Minister Imran Khan is writing a letter to the International Monetary Fund urging it to link any talks with Islamabad to an audit of the country's recent election, which his party alleges was rigged, an official from …

Pakistan’s election chaos casts shadow on next IMF deal
10 months ago

Pakistan’s election chaos casts shadow on next IMF deal

Al Jazeera  

Ex-PM Imran Khan has asked the IMF to factor in alleged rigging in recent elections. On Thursday, the global lender said Pakistan’s interim government had “maintained” economic stability. The IMF’s communications chief, Julie Kozack, said the interim government had managed to achieve fiscal targets while also “protecting” the social safety net. “We look forward to working with the new government …

Pakistan election results 2024 Highlights: Imran Khan to decide next PM, claims PTI chief
10 months, 2 weeks ago

Pakistan election results 2024 Highlights: Imran Khan to decide next PM, claims PTI chief

Hindustan Times  

Supporters of imprisoned Pakistan's Former Prime Minister Imran Khan's and Jamaat-e-Islami party chant slogans during a protest against the delaying result of parliamentary election in Karachi on February 10. Pakistan election results 2024 Highlights: No clear victor has emerged from the divisive elections in Pakistan as the slow vote-counting process neared completion on Saturday. According to PTI, which cited the …

Pakistan election results 2024 Highlights: Imran Khan to decide next PM, claims PTI chief
10 months, 2 weeks ago

Pakistan election results 2024 Highlights: Imran Khan to decide next PM, claims PTI chief

Hindustan Times  

Supporters of imprisoned Pakistan's Former Prime Minister Imran Khan's and Jamaat-e-Islami party chant slogans during a protest against the delaying result of parliamentary election in Karachi on February 10. Pakistan election results 2024 Highlights: No clear victor has emerged from the divisive elections in Pakistan as the slow vote-counting process neared completion on Saturday. According to PTI, which cited the …

OPINION: SUSPENSE IN PAKISTAN, BUT ARMY WILL BE THE ULTIMATE ARBITER
10 months, 2 weeks ago

OPINION: SUSPENSE IN PAKISTAN, BUT ARMY WILL BE THE ULTIMATE ARBITER

India TV News  

Pakistan is facing a tense situation with conflicting claims being made by Imran Khan and Nawaz Sharif camps. On the other hand, Nawaz Sharif’s daughter Maryam Nawaz, chief organiser of the party, claimed that her father would deliver a “victory speech”. PTI leader Lateef Khosa claimed that his party would form the government without entering into any coalition, and “Nawaz …

Pakistan votes today amidst polarization, violence, and economic crisis
10 months, 2 weeks ago

Pakistan votes today amidst polarization, violence, and economic crisis

Live Mint  

Pakistan is set to vote for the their 12th general elections today. Meanwhile, cricketer-turned-politician Imran Khan, founder of Pakistan Tehreek-e-Insaaf and considered one of the most popular leaders in the country, is incarcerated in Adiala jail on multiple charges. Meanwhile, amid escalating political tensions and Pakistan's ongoing economic crisis, Nawaz Sharif aims to articulate his vision for addressing the multifaceted …

A timeline of key events leading up to Pakistan’s parliamentary election
10 months, 2 weeks ago

A timeline of key events leading up to Pakistan’s parliamentary election

Associated Press  

ISLAMABAD — A list of some key events over the last few years leading up to Pakistan’s parliamentary election on Thursday: July 25, 2018 — Pakistanis vote for a new government in an election marred by violence and allegations of fraud. April 9, 2022 — Pakistan’s political opposition topples Imran Khan in a no-confidence vote in parliament. Aug. 5, 2023 …

Pakistan’s election: Can the next government bring economic stability?
10 months, 2 weeks ago

Pakistan’s election: Can the next government bring economic stability?

Al Jazeera  

There will be no honeymoon period for winners of this week’s pivotal 2024 polls as economic challenges loom large. As the country found itself at a precarious juncture, then-Prime Minister Shehbaz Sharif managed to secure a crucial bailout package from the International Monetary Fund – its 23rd fund programme since 1958 – just weeks before the government’s term expired. ‘Anti-populist’ …

Pakistan elections 2024: How the military has bowled a bouncer to Imran Khan
10 months, 2 weeks ago

Pakistan elections 2024: How the military has bowled a bouncer to Imran Khan

Firstpost  

The Pakistan elections are just two days away — it is scheduled for 8 February — but for all it seems the results are already in. And it doesn’t bode well for former Prime Minister Imran Khan and his party, the Pakistan Tehreek-e-Insaf. Disassembling the PTI Besides incarcerating Imran Khan, Pakistan’s military kingmakers have also taken other steps to ensure …

Pakistan is electing a new parliament. Here are the key players in Thursday’s vote
10 months, 2 weeks ago

Pakistan is electing a new parliament. Here are the key players in Thursday’s vote

Associated Press  

ISLAMABAD — Pakistan is electing a new parliament on Thursday. Pakistan’s former Prime Minister Nawaz Sharif waves to his supporters as he arrives to address an election campaign rally in Hafizabad, Pakistan, Thursday, Jan. 18, 2024. FORMER PRIME MINISTER IMRAN KHAN, PAKISTAN TEHREEK-E-INSAF PARTY A former cricket star turned Islamist politician, Imran Khan triumphed on an anti-corruption, anti-establishment platform in …

In Pakistan, old hopefuls jostle to turn around struggling economy
10 months, 2 weeks ago

In Pakistan, old hopefuls jostle to turn around struggling economy

Al Jazeera  

Pakistani voters head to the polls on Thursday amid a deep-seated economic crisis. Inflation, which reached nearly 30 percent in December, has been climbing since the start of last year after Pakistan’s central bank agreed to liberalise its exchange rate as part of a pre-existing IMF programme. “This will lower Pakistan’s current account deficit as goods from abroad will become …

Pakistan: Imran Khan Does Not Seem to Have a Viable Path Back to Power
10 months, 3 weeks ago

Pakistan: Imran Khan Does Not Seem to Have a Viable Path Back to Power

The Quint  

Moreover, Imran Khan's strategy to recruit and field only lawyers seems to have backfired spectacularly. They used every opportunity for self-publicity instead to be able to leverage Imran Khan's popularity for personal gain as ticket holders of the PTI. Even after the convictions, these lawyer candidates are exhorting PTI voters to come out in their droves on election day to …

Pakistan's economic development model has failed, it benefits only the elites: World Bank
11 months, 3 weeks ago

Pakistan's economic development model has failed, it benefits only the elites: World Bank

Op India  

In the wake of the economic crisis in Pakistan, World Bank Country Director for Pakistan, Najy Benhassine said that Pakistan’s economic development is limited to the elite which resulted in the country lagging behind its fellow countries, Pak Vernacular media reported. The country director of the World Bank said that the focus of energy reform should be financial stability, better …

Pakistan's economic model is not working and benefits elite only, says World Bank.
11 months, 3 weeks ago

Pakistan's economic model is not working and benefits elite only, says World Bank.

Firstpost  

Cash-strapped Pakistan’s economy has been in a free fall mode for the last many years, bringing untold pressure on the poor masses in the form of unchecked inflation, making it almost impossible for a vast number of people to make ends meet. Pakistan’s existing economic model is not working, a top World Bank official has said, adding that emphasising the …

Pakistan’s current economic model is not working: World Bank
11 months, 3 weeks ago

Pakistan’s current economic model is not working: World Bank

Hindustan Times  

Pakistan’s current economic model is not working, a top World Bank official has said, underlining that the cash-strapped nation must change policies that have plagued development and benefitted only a few. Pakistan’s current economic model is not working since it has fallen behind its peers, significant progress in poverty reduction has now started to reverse. Pakistan’s current economic model is …

Pakistan ex-PM Imran Khan files nomination for 2024 national elections
1 year ago

Pakistan ex-PM Imran Khan files nomination for 2024 national elections

Hindustan Times  

Former Pakistan prime minister Imran Khan filed nomination papers for the 2024 national elections, local media Geo News reported. Security officers escort Pakistan's former prime minister Imran Khan, as he appeared in Islamabad High Court. In a written court order, the court said that they could not find "sufficient incriminating material" to show that Imran Khan leaked state secrets intending …

Cash-strapped Pakistan will need more IMF loans, says finance minister
1 year, 1 month ago

Cash-strapped Pakistan will need more IMF loans, says finance minister

Firstpost  

Cash-strapped Pakistan’s economy has been in a free fall mode for the last many years, bringing untold pressure on the poor masses in the form of unchecked inflation, making it almost impossible for a vast number of people to make ends meet. Akhtar said her priority was to immediately start working on the last USD 1.1 billion tranche under the …

IMF projects faster economic growth for Pakistan; sets growth rate at 2.5 per cent for 2023
1 year, 2 months ago

IMF projects faster economic growth for Pakistan; sets growth rate at 2.5 per cent for 2023

Firstpost  

The International Monetary Fund’s World Economic Outlook for October, released on Tuesday, forecasts a growth of 2.5 per cent for the country’s economy in the current year, doubling to 5 per cent in the next fiscal year The IMF expects Pakistan’s economy to perform better in the current and next fiscal years compared to other multilateral agencies’ projections despite the …

Pakistan’s Imran Khan remains behind bars as cases pile up. Another court orders he stay in jail
1 year, 2 months ago

Pakistan’s Imran Khan remains behind bars as cases pile up. Another court orders he stay in jail

Associated Press  

ISLAMABAD — A Pakistani court on Tuesday ordered that former Prime Minister Imran Khan remain in custody for two more weeks as authorities investigate charges that he had revealed state secrets after his 2022 ouster. The legal imbroglio underscores the deepening political turmoil in Pakistan since Khan’s ouster and ahead of the next parliamentary elections, due in the last week …

Discover Related