For the first time since Pakistan acquired nuclear weapons, Finance Minister Ishaq Dar has brought the issue of nuclear missile range to the public. According to Dar, the IMF demands the abandoning of long-range missiles which is an uncustomary attitude of the IMF. If this is true then how longContinue Reading
Pakistan faces mounting economic challenges, including a growing fiscal deficit, declining foreign exchange reserves, and high inflation. The IMF had earlier suspended its $6.5 billion program with Pakistan in 2022, citing the government’s failure to meet key reform targets. After the failure to sign MoU with IMF, Government has decidedContinue Reading
Our rulers must explore all options in addition to IMF for meeting its financial challenges. We must evaluate the terms and conditions of the IMF before accepting them as IMF has become a political tool to fix rival nations. Pakistan is just entering an economic crisis. Rapid depletion of foreignContinue Reading
While Pakistan goes through its worst-ever economic crisis, China is assisting it to complete projects of high economic significance to the country. All projects under the China-Pakistan Economic Corridor (CPEC), be they power or infrastructure projects, are aimed at boosting Pakistan’s economic takeoff and strengthening its economic base. The crownContinue Reading
Foreign exchange reserves of the State Bank of Pakistan (SBP) plunged to $3.678 billion on January 20 from $4.601bn due to external debt repayments. At this level, the reserves provide imports cover of three weeks against a standard minimum of three months. Various countries in the world have diversified naturalContinue Reading
The International Monetary Fund said on Sunday that the recent telephone call between Prime Minister Shehbaz Sharif and its Managing Director Kristalina Georgieva took place at the request of Pakistan, as both sides were expected to sit across the table in Geneva on Monday to “discuss outstanding issues”. It isContinue Reading
