Imran Khan’s PTI Protests Drain Pakistan’s Economy By PKR 2 Billion

24 Nov 2024

Protests organized by Imran Khan's Pakistan Tehreek-e-Insaf (PTI) over the past 18 months have cost the government PKR 2 billion, intensifying the strain on Pakistan’s already struggling economy, according to Geo News. Escalating Costs and Damages Total Expenditure: Managing PTI protests and sit-ins across Punjab, Khyber Pakhtunkhwa, and Islamabad has...

Chinese Steel Giant Warns Pakistan: Resolve Issues Or Face Shutdown

23 Nov 2024

Century Steel Group, a Chinese steel producer, has issued a final warning to the Pakistani government to resolve longstanding issues at the Rashakai Special Economic Zone (RSEZ) in Khyber Pakhtunkhwa. Failure to address these concerns will result in the company dismantling its plant and exiting Pakistan, the company announced in...

Pakistan Economy In Resurgence With 3.07% Growth Sparks Hope For Stability

01 Oct 2024

Pakistan’s economy has outperformed expectations, recording a 3.07% growth in the second quarter, driven by support from the International Monetary Fund (IMF) and lower interest rates. The Pakistan Bureau of Statistics released this data on Monday, revealing that this growth surpassed the 2.7% forecast from a Bloomberg economist survey and...

Massive Oil, Gas Reserves Discovered in Pakistan Territorial Waters: Can This Transform the Nation’s Economic Future?

07 Sep 2024

A significant deposit of petroleum and natural gas has been discovered in Pakistan’s territorial waters, sparking hope for a transformation of the country’s economic future, according to a recent media report. This potential windfall comes after a three-year survey conducted with the assistance of a friendly nation, as confirmed by...

Protests Erupt Across Pakistan Amid Economic Woes And Political Turmoil

28 Jul 2024

Protests have erupted across Pakistan, including in the capital city, as supporters of the Pakistan Tehreek-e-Insaaf (PTI) and others demonstrate against the continued imprisonment of former Prime Minister Imran Khan and inflated electricity bills. With both issues showing no signs of early resolution, the protests are expected to intensify. Adding...

Pakistan Secures $7 Billion IMF Aid To Address Economic Issues

13 Jul 2024

Pakistan and the International Monetary Fund (IMF) have reached a landmark agreement on a $7 billion aid package, aimed at stabilizing the nation’s struggling economy. This 37-month Extended Fund Facility (EFF) arrangement builds on the economic stability achieved under the 2023 Stand-by Arrangement (SBA). In an overnight statement, the IMF...

IMF Approves Final $1.1 Billion Installment as Pakistan’s Assistance Plan

30 Apr 2024

The executive board of the International Monetary Fund approved $1.1 billion in cash for Pakistan, according to a press statement, but talks for a fresh loan are still ongoing. A $3 billion standby agreement with the IMF was secured by Islamabad last summer in order to avert a sovereign default....

Pakistan Faces Increasing Inflation And Growing Wage Gaps

30 Apr 2024

Pakistan is dealing with its highest inflation rate in almost 50 years, according to Dawn. The rate of inflation in South Asia has reached its highest point in recent months, with a spike to 38 percent. In instance, the price of food has soared to 48%, the highest level since...

Unbelievable! Gold Rates in Pakistan Soar by PKR 2,000 per Tola

15 Nov 2023

Gold prices in Pakistan experienced a significant surge, rising by PKR 2,000 per tola, reaching PKR 214,800 per tola for 24-karat gold, as reported by the All Pakistan Gems and Jewellers Association (APGJA). The 10-gramme price of 24-karat gold settled at PKR 184,156 after a PKR 1,714 increase. Similarly, the...