IMF
PM Imran Khan approves increase in electricity prices by as much as 25%: report
Prime Minister Imran Khan has finally given the green light to the long-rumored increase in electricity prices. The move has been motivated by the need…
Never-ending debt? Govt signed $10.5 billion worth of loan deals in FY20
According to the Annual Report on Foreign Economic Assistance published by the Ministry of Economic Affairs, Economic Affairs Division (EAD), the Government of Pakistan (GOP)…
IMF lowers Pakistan’s growth forecast to 1 percent for FY2020-21
The International Monetary Fund (IMF) has revised its previous estimate and predicted that Pakistan’s economy might only grow by 1 percent, as opposed to the…
US Dollar hits another peak against Pakistani Rupee
Another bad news for Pakistanis. The US Dollar has reached another all-time high against the Pakistani Rupee today as it hit Rs. 161.50 in the…
Asad Umar steps down amid financial crisis in the country
The Finance Minister of Pakistan Asad Umar announced on Twitter that he is stepping down from his position and that he has obtained the Prime…
China to give $2 billion loan to Pakistan
China has agreed to give $2 billion loan to Pakistan that will be categorized as an “official bilateral inflow” to ease pressure on the next…
IMF says cryptocurrencies are no risk to global financial stability
Cryptocurrencies may be getting popular for their volatile nature and unstable price point but that does not mean that they are going to disrupt global…
