Pakistan Aims to Reduce Debt, Curb Inflation, and Boost Growth by 2028 ISLAMABAD – The Finance Ministry has unveiled ambitious plans to ease Pakistan’s debt burden, control inflation, and stimulate economic growth over the next five years. According to the Medium-Term Debt Strategy, the government aims to reduce public debt from the current 66 percent […]
Protest March by Indian MPs Against Government and Election Commission Halted Midway On August 11, 2025, a group of Indian Members of Parliament began a protest march near the Parliament building, heading towards the Election Commission’s headquarters. The MPs carried placards with slogans like “SIR: Stealing Democratic Rights” and “Vote Chori” (meaning vote theft), raising […]
UAE Dirham Holds Steady Against Pakistani Rupee Amid Strong Economic Momentum The UAE Dirham (AED) has maintained its stability following a solid performance in June. The currency appreciated by 0.81 PKR last month, rising from 76.44 PKR at the start of June to 77.25 PKR by month-end, even reaching a peak of 77.61 PKR on […]
The finance minister made these remarks during a panel discussion at the AlUla Conference for Emerging Market Economies in AlUla City Saudi Arabia on Monday. The discussion was moderated by the Managing Director of the International Monetary Fund Kristalina Georgieva. Muhammad Aurangzeb emphasized the government’s commitment to implementing tough, but necessary policy choices to ensure […]
He was addressing a ceremony organized by PPP Chairman Bilawal Bhutto Zardari in honor of Karachi traders. “I have heard all your issues today. Karachi runs the entire country but, unfortunately, this province does not receive its due share.” Shah underlined Karachi’s pivotal role in driving Pakistan’s economy, describing it as the nation’s “growth engine.” […]
Gross domestic product shrank 0.1% month-on-month in October, as it did in September, the Office for National Statistics said. It was the first consecutive drop in monthly GDP – which is volatile and prone to revision – since March and April 2020, when Britain enforced its first coronavirus lockdown. Economists polled by Reuters had forecast […]
The comments came six weeks after New Delhi and Beijing reached a deal to resolve a four-year military stand-off that had damaged the relationship between the Asian giants, indicating that India is willing to improve business ties that were also hurt. Relations between the world’s two most populous nations – both nuclear powers – have […]
Kenya is considered an economic bright spot in the troubled East African region. But it is grappling with around $80 billion in external and domestic debt, and interest payments are eating up two-thirds of its annual revenue, more than its bills for health or education. An International Monetary Fund review was delayed by protests that […]
Speaking to newsmen after the IMF Executive Board meeting, Kristalina Georgieva congratulated the government and people of Pakistan She also praised the country’s economic situation, citing significant reforms and improved growth. The IMF Managing Director said that Pakistan has made reforms and the country’s economy has improved. She said that Pakistan presented its reform program […]
The world’s second-largest economy has yet to achieve a highly anticipated post-pandemic recovery, and the government has set a goal of five percent growth in 2024 — an objective analysts say is optimistic given the headwinds it is facing. On Tuesday, central bank chief Pan Gongsheng told a news conference in Beijing that it would […]
