Princeton economist Atif Mian has issued a stark warning that the country is on the brink of an unprecedented financial crisis, driven by a complex web of challenges. His analysis highlights the gravity of the situation, as Pakistan grapples with severe economic difficulties stemming from ...

PPP Chairman Bilawal Bhutto-Zardari reaffirmed his call for an immediate announcement of a date and schedule for the general elections, emphasizing that only elections can resolve the country's economic and political crises. The concerns about the timing of the elections stem from the ...

In Islamabad and Lahore, concerns have arisen regarding the fate of Pakistan International Airlines' (PIA) nine leased planes. Leasing companies have declined assistance due to the airline's financial troubles. Caretaker Prime Minister Anwaarul Haq Kakar has taken action by instructing PIA's ...

The caretaker administration is acutely aware of the challenging circumstances it has inherited, realizing that the current situation in Pakistan is far from ideal both politically and economically. There is a widespread acknowledgment that Pakistan's economy remains shrouded in uncertainty, and ...

Islamabad: All Pakistan Textile Mills Association has warned that the country's textile sector is close to default, so far 7 million people have become unemployed. According to the details, All Pakistan Textile Mills Association has written a letter to Governor State Bank, expressing serious ...

Beijing: Chinese Foreign Ministry Spokesperson Mao Ning asked the international creditors and financial institutions to play a constructive role for Pakistan’s economic and social stability efforts. The Chinese Foreign Ministry spokesperson said that the radical financial and monetary policies ...

ISLAMABAD – Pakistan has imposed a 10 percent 'super tax' on major industries and sectors to tackle the deepening economic crisis and save poor segment of society. Prime Minister Shehbaz Sharif made the announcement while addressing the nation on tough decisions being taken by the incumbent ...

ISLAMABAD - PTI leader Asad Umar has said that economical situation of the country is getting worse day by day. In a message on Twitter, he said: “37 percent foreign reserves got low within two months. Decision making in the country is frozen and inflation is at its highest peak of 11 years. ...

LONDON: Pakistan Muslim League-N (PML-N) leader and former finance minister Ishaq Dar on Saturday said he had received passport few days ago and he would soon return to Pakistan, after consulting with his doctors. “Whatever assistance I can provide from here (in London), I am giving that to my ...

KABUL – Afghanistan's central bank announced to auction $10 million on sale for banks and foreign exchange dealers on Tuesday in order to arrest the declining value of currency. The economy of war-torn has been witnessing freefall since the international community seized support to Afghanistan ...