-
Pakistani business confidence plummets, according to a Poll
Pakistani business confidence plummets, according to a Poll. It was reported that according to a Gallup Pakistan survey performed in the current quarter of 2022, business owners are becoming more gloomy about the state of their enterprises as a result of the political and economic circumstances in the nation. According to the Gallup Business Confidence…
-
World Bank: Pakistan’s economy is contracting as prices are rising.
World Bank: In the wake of catastrophic flooding, Pakistan’s economy is contracting as prices are rising. It was reported that in the current fiscal year, which ends in June 2023, Pakistan’s economy is predicted to rise by just 2%. The slower growth will be driven by damages and disruptions brought on by catastrophic floods, a…
-
Pakistan and the UAE decide to Step up their Economic Relations.
The United Arab Emirates and Pakistan have decided to speed up business exchanges between them. A number of bilateral matters of shared concern were also discussed at the meeting. They talked about working together in the economy, energy, and other sectors. The agreement was struck on Monday in Islamabad after a meeting between UAE economic…
-
Pakistan Condemns Killing in Occupied Kashmir
Pakistan vehemently denounced the extrajudicial execution of five innocent Kashmiris by Indian occupation forces in two different incidences over the past two days. Three were killed in Nagbal (Shopian) and two in Sopore.
-
IMF Loan Renewal for Pakistan
The IMF board accepted an agreement to resurrect a sizable loan package for Pakistan, in the wake of the heavy monsoon floods that have created an economic crisis. IMF increased the total size of the package by $500 million, bringing it to around $6.5 billion, and will deliver US$1.1 billion initially to Pakistan. …
-
IMF Reviews Pakistan EFF
The IMF Executive Board completed the the combined seventh and eighth assessments of the Extended Arrangement for Pakistan under the Extended Fund Facility (EFF). In accordance with the Board’s resolution, SDR 894 million (or about US$1.1 billion) may be disbursed immediately, increasing the total amount of purchases for budget support under the agreement to…
-
Pakistan Reiterates its Staunch Adherence to the “One-China” Policy
It was reported that the “One-China” Policy and Pakistan‘s support for China’s sovereignty and territorial integrity have both been reiterated by Pakistan. Foreign Office Spokesperson Asim Iftikhar Ahmad issued a statement in which he said Pakistan is gravely worried about the developing situation in the Taiwan Strait, which has major ramifications for regional peace and…
