economic
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Is there a fix for Pakistan’s economic nightmare? | The Express Tribune
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[ad_1] PUBLISHED April 16, 2023 LAHORE: As Pakistan faces one of its worst economic crises, there is so much speculation about the present, past and future scenarios. Amidst the noise of what could have been done, what should be done, and what will be done is the reality of what is. Sifting through the propaganda…
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SBP chief says Pakistan striving to rebound strongly from ‘series of economic shocks’
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[ad_1] State Bank of Pakistan (SBP) Governor Jameel Ahmad addresses the Pakistan Sustainable Banking Conference in Karachi on November 9, 2022. — APP/File Pakistan’s economy has “always rebounded strongly after undergoing severe shocks” and the country will strive to rebound from the current economic challenges as well, State Bank of Pakistan (SBP) Governor Jameel Ahmad…
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In meeting with Dar, British envoy offers UK’s help in easing Pakistan’s economic crisis
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[ad_1] Acting British High Commissioner Andrew Dalgleish (left) calls on Finance Minister Ishaq Dar on April 12, 2023. — APP Acting British High Commissioner Andrew Dalgleish met Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Wednesday and offered the United Kingdom’s help in easing Pakistan’s economic crisis. During the meeting, the officials discussed…
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Robust reforms crucial for Pakistan’s economic recovery: ADB
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[ad_1] Asian Development Bank’s logo. — AFP/File The Asian Development Bank (ADB) said Tuesday that Pakistan’s economic growth is expected to slow significantly in FY2023 (ends 30 June 2023) in the wake of last year’s devastating floods, ballooning inflation, a current account deficit, and an ongoing foreign exchange crisis. According to the Asian Development Outlook…
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Politicians advised to mend fences to prevent economic meltdown | The Express Tribune
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[ad_1] KARACHI: Pakistan’s economy has partially shut down and millions of people have lost jobs due to continuous political instability. The nation is destined to encounter hyperinflation with the domestic currency likely plunging to Rs500 against the US dollar if the situation persists. Former prime minister Nawaz Sharif also anticipated late last week that the…
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‘Strong IPR system required for economic growth’ | The Express Tribune
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[ad_1] KARACHI: Karachi business leaders are advocating for a strong intellectual property rights (IPR) system in Pakistan, supported by technology, to harness the country’s resources and expand its wealth. President of the Karachi Chamber of Commerce and Industry (KCCI), Mohammed Tariq Yousuf, welcomed Chairman of the Intellectual Property Organisation (IPO), Farrukh Amil, stating that due…
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Economic crisis forces Honda to shut down plant for over 20 days
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[ad_1] An undated image of the Honda Atlas Cars logo. — AFP/File Auto assembler Honda Atlas Cars on Wednesday decided to close its plant for the remainder of the month, blaming the “current economic situation” for its decision. The automaker, in a notice sent to the Pakistan Stock Exchange, said that the company would not be able to…
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Maryam Nawaz calls out Imran Khan for remarks over economic crisis
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[ad_1] PML-N Senior Vice-President Maryam Nawaz (right) and PTI Chairman Imran Khan. — AFP/Online/File Pakistan Muslim League-Nawaz (PML-N) Senior Vice-President Maryam Nawaz called out Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Twitter for his remarks over the deteriorating economic condition — less than a week after they traded barbs on the microblogging site. Last Saturday,…
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Economic crisis in Pakistan and the role of West | The Express Tribune
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[ad_1] ISLAMABAD: One thing is common among international financial institutions (IFIs), which is they trap and exploit countries, and blame others for their exploitation. It is an unwritten rule of business and they are applying it with dedication. It is a known fact that many countries crumbled during the reform period under an IMF programme.…
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MPs to get Rs90b amid economic morass | The Express Tribune
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[ad_1] ISLAMABAD: Amid the National Austerity Committee’s recommendation to review the practice of dolling out billions of rupees to parliamentarians, the government decided to further increase the discretionary spending budget to a whopping Rs90 billion. As the country is also at the risk of default, the National Austerity Committee recommended slashing the federal cabinet to…
