economic
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Delay in early elections will aggravate economic crisis: Hammad | The Express Tribune
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[ad_1] Former energy minister Hammad Azhar has said that political instability triggered by the vote of no-confidence that toppled the PTI-led government earlier this year was responsible for the prevailing economic crisis. “Leader [Shehbaz Sharif] of minority party became prime minister of the country…comedy show is going on… if this was a private company they…
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Fuelling growing economic dilemma | The Express Tribune
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[ad_1] KARACHI: The economic uncertainty continues to plague the country as policymakers delay important decisions. As the government keeps on delaying the acceptance of IMF conditions, it inevitably increases the uncertainty along with the burden of debt accumulation, volatile exchange rate and the rising inflationary pressures. For instance, the biggest contention with the IMF is…
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Avoiding economic meltdown | The Express Tribune
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[ad_1] ISLAMABAD: One of the steps taken by the government to forestall the gathering economic meltdown is to ban the import of about three dozen “luxury” goods (spread over 800 tariff lines), including vehicles, mobile phones, home appliances, and some prepared foods. This may be a populist measure and a public relations stunt but would…
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Indo-Pacific Economic Framework not a blessing to Asia | The Express Tribune
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[ad_1] BEIJING: Pacific Economic Framework” (IPEF) will bring prosperity to the region. But its sole purpose is to advance the “IndoPacific Strategy” and key interests of the US instead of driving post-pandemic recovery, development and prosperity of the region. Asian countries need to brace themselves for the negative impact brought on by the framework, which…
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Turnaround in economic situation soon: Miftah | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail has voiced hope that there will be a turnaround in the country’s economic situation soon as talks are underway with the International Monetary Fund (IMF). In a tweet on Friday, the minister said that the country’s current account deficit during April came down to $623…
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With ‘positive’ IMF talks, Miftah Ismail expects economic turnaround soon
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[ad_1] Finance Minister Miftah Ismail. -The News/File ISLAMABAD: Finance Minister Miftah Ismail on Friday said that the talks with the International Monetary Fund (IMF) are underway in a “positive” manner and hoped that the economic situation in the country would improve soon. The finance minister took to Twitter to share the current account deficit data…
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With 6% growth rate, Pakistan’s economic size jumps to $383b | The Express Tribune
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[ad_1] ISLAMABAD: Fueled by imports and consumption, Pakistan’s economic growth rate accelerated to 6% during the last year of Imran Khan’s government – the highest pace in four years – helping to increase the size of the nation’s economy to $383 billion besides jacking up per-capita income. The provisional Gross Domestic Product (GDP) growth rate…
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Market watch: Stocks nosedive on economic concerns | The Express Tribune
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[ad_1] KARACHI: Bears completely sidelined the bulls at the Pakistan Stock Exchange on Monday, as the benchmark KSE-100 index nosedived 819 points, starting the week on a negative note. Showing their complete dominance, the bears held their grip over the market throughout the day, as jittery investors were seen offloading their holdings in panic. The…
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Global economic outlook and Pakistan | The Express Tribune
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[ad_1] ISLAMABAD: Having made a sound recovery in 2021 from the Covid-19 induced contraction in 2020, most of the major economies on the globe are heading for an awkward combination of rising prices and falling growth rates. This situation together with actual or likely policy responses thereto weighs significantly on Pakistan’s economic outlook. According to…
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Steps to halt economic downslide | The Express Tribune
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[ad_1] PESHAWAR: Here are some thoughts on what is needed to be done urgently on the down-sliding economic front. The malady is potentially alarming. Its symptoms are clear: a precipitous decline in the value of the rupee fuelling rampant inflation, a declining stock market, an alarming increase in current account and budgetary deficits, a steep…
