Islamabad: A day after Pakistan’s National Assembly and the federal government were dissolved, the country’s Ministry of Finance stated that five significant and ongoing economic issues are contributing to increased poverty and social vulnerabilities.In its first quarterly performance report to the Asian Development Bank (ADB) on USD 1.5 billion, Building Resilience with Active Country-cyclical

Islamabad: Pakistan, a cash-strapped country is witnessing a downfall in the productive and services sectors as the companies are scrambling to cut expenses and weighing the option of job cuts, salary freeze or reduction in salaries, The News International reported.Pakistan is already struggling to keep up with IMF policies and these losses in production and services sectors are like an

Islamabad: The Pakistan government had to impose additional taxes of 215 billion Pakistani Rupees (PKR) and slash expenditures by 85 billion PKR in order to strike an agreement with the International Monetary Fund (IMF), The News International reported on Saturday.Although Pakistan was able to secure the IMF deal just in time, the conditions imposed by the body are turning out to be tedious to

Islamabad: Global credit rating agency has warned of continued threats to Pakistan’s financial sustainability. This comes despite the country receiving USD 3 billion lifeline from the International Monetary Fund (IMF). Khalsa Vox reported.Moody’s Investors Service said Pakistan has USD 25 billion of repayments due in FY24.Pakistan last week signed a USD 3 billion loan program with the IMF,