Daily Latest News
New Delhi: With exports stagnating and cost of doing business skyrocketing, Pakistan is going through an ‘investment emergency’ amid ad-hocism and a lack of transparency in policy affairs, a new report has revealed. According to the Federation of Pakistan Chambers of Commerce and Industry, the cost of doing business in Pakistan is 34 per cent…
Pakistan’s economy, which has gone into the abyss, is now going to get the support of another loan. The World Bank has approved a loan of $ 700 million (approximately Rs 6270 crore). This loan is part of a larger program, the objective of which is to stabilize the economy of pauperized Pakistan and improve…
New Delhi: Pakistan’s inflation surged to 6.2 per cent in October — the highest in a year — amid floods and Afghan border closures affecting food supplies, a recent media report said. The surge was caused by floods in Punjab and ongoing closures of key trade crossings with Afghanistan, especially at border points such as…
New Delhi: A worrying trend is emerging in Pakistan’s economy as multinational companies continue to scale back or completely exit their operations, raising questions about the country’s investment climate. The latest example is Procter &Gamble, which has decided to wind down its local operations and shift to third-party distribution. This move follows a series of…
No news Business Pakistan May Land In FATF Grey List Again: Key Risks And Economic Impact Explained New Delhi23 minutes ago Copy link Pakistan was removed from the gray list in 2022. After the Pahalgam terror attack in India, Pakistan’s problems may increase once again. The international body FATF (Financial Action Task Force) is preparing…
New Delhi: Imagine buying a popular beauty cream online, only to discover it’s made in Pakistan. Unthinkable, right? Yet, several Indian websites are selling Pakistani products, including beauty creams and soaps, without any restrictions. In today’s DNA, Rahul Sinha, Managing Editor, of Zee News, analysed and revealed that several Indian websites are selling products made…
New Delhi: As Pakistan’s economic frailty teeters on the edge, the International Monetary Fund (IMF) has signalled a hardening of stance. It has slapped Islamabad with 11 fresh policy requirements to unlock its next bailout tranche. This brings the total number of conditions to a staggering 50. The latest decision reflects the global lender’s growing…
New Delhi: “We got $55 billion and built delusions.” That is how former Pakistani Ambassador to the United States, Husain Haqqani, summed up decades of international aid to Pakistan in a video clip – which continues to echo more than 10 years after it was recorded. While countries like South Korea and Taiwan used foreign…
Amid stress from India, the International Monetary Fund (IMF) has given a fund of $ 1 billion to Pakistan. Despite wanting, India could not vote against this bailout package given to Pakistan. However, India opposed the funding citing Pakistan’s bad track record and said that the financial assistance that Pakistan had received earlier also did…
Pakistan’s attacks on Indian civilian and military sites could end up hurting it more than its perceived enemy, India, because of the timing. Pakistan is surviving on doles and loans, and faces review at a crucial meeting of the International Monetary Fund (IMF) on May 9 on its 7-billion-dollar bailout programme. A military crisis is…