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Pakistani economic crisis (2022–present) Pakistan has experienced an ongoing economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. The Russian invasion of Ukraine has caused fuel prices to rise worldwide.
Pakistan and the International Monetary Fund reached a much-awaited preliminary agreement Wednesday for the release of $700 million from a $3 billion bailout fund approved by the international ...
On the 16th of February 2023, the Government of Pakistan had raised the price of petrol in adherence to the wishes of the IMF (International Monetary Fund). In response to the governments hike of petrol prices at the behest of the IMF and because of the ensuing inflation Tehreek-e- Labbaik(TLP) had called for what was known as the shutter-down ...
MUZAFFARABAD, Pakistan (Reuters) -Pakistan Prime Minister Shehbaz Sharif approved a grant of 24 billion rupees ($86 million) on Monday for Pakistan-ruled Kashmir where there have been several days ...
ISLAMABAD (Reuters) -Pakistan will discuss an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) in Washington next month, Finance Minister Muhammad Aurangzeb said on Friday ...
The incumbent government of Pakistan under Prime Minister Imran Khan has presented its third budget for the Fiscal Year 2021-22. This budget has a value of Rs8.49 trillion, an increase of Rs700 billion over the last budget, and a GDP growth rate target of 4.8 percent. The 2021-22 budget is important as the country has presented positive ...
In April 2015, the Government of Pakistan sold its 41.5% stake or 609 million shares in the bank for $1.02 billion. According to the finance ministry, the strike price of Rs. 168 per share (compared to the floor price of Rs. 166 per share) was recommended by the Privatisation Commission Board. The bank's owners now comprise the Aga Khan Fund ...
Pakistan and the International Monetary Fund reached a preliminary agreement for the release of $1.1 billion from a $3 billion bailout following dayslong talks in Islamabad, the IMF said Wednesday.