The central bank of #Pakistan has also raise the interest rate by 300 basis points to 20% in the first week of March this year to control the inflationary pressure.
Read here: livemint.com/news/world/another-policy-rate-hike-by-200-bps-likely-in-crisis-hit-pakistan-11680143743447.html
Read here: livemint.com/news/world/another-policy-rate-hike-by-200-bps-likely-in-crisis-hit-pakistan-11680143743447.html
#Pakistan's central bank on Tuesday announced a hike of 100 basis points to its benchmark interest rates, as the cash-strapped economy struggles to tone down high #inflation levels which touched 35.4% in March.
Read here: https://livemint.com/news/world/pakistan-central-bank-raises-rate-by-100-bps-to-21-to-rein-in-inflation-11680606162063.html
Read here: https://livemint.com/news/world/pakistan-central-bank-raises-rate-by-100-bps-to-21-to-rein-in-inflation-11680606162063.html
The #WorldBank now expects #Pakistan's #economy to grow 0.4% in the current year, from its October forecast of 2% growth. The bleaker forecast assumes an agreement is reached with the #InternationalMonetaryFund for bailout funds, it said.
Read here: https://livemint.com/economy/world-bank-revises-pakistan-s-gdp-forecast-to-0-4-for-fy23-24-on-rising-rates-11680610040075.html
Read here: https://livemint.com/economy/world-bank-revises-pakistan-s-gdp-forecast-to-0-4-for-fy23-24-on-rising-rates-11680610040075.html
Former Pakistan Prime Minister #ImranKhan lamented over the fact that crisis-hit #Pakistan could also purchase Russian #crudeoil at a discounted rate that India enjoys despite the ongoing Ukraine war.
Read here: https://www.livemint.com/news/world/wanted-to-get-cheap-russian-crude-oil-imran-khan-hails-india-s-foreign-policy-11681095508776.html
Read here: https://www.livemint.com/news/world/wanted-to-get-cheap-russian-crude-oil-imran-khan-hails-india-s-foreign-policy-11681095508776.html
#IMF expected the economic growth to improve to 3.5 per cent in #Pakistan, inflation to stay elevated at 22 per cent and the unemployment rate to slightly decline to 6.8 per cent for the next fiscal year.
Read here: livemint.com/news/world/imf-slashes-pak-s-growth-to-0-5-for-fy23-key-worrisome-economic-indicators-11681271645834.html
Read here: livemint.com/news/world/imf-slashes-pak-s-growth-to-0-5-for-fy23-key-worrisome-economic-indicators-11681271645834.html
In crisis-hit #Pakistan, #inflation for March 2023 clocked in at 35%, which is amongst the highest-ever levels.
Read here: https://livemint.com/news/world/pak-govt-hikes-petrol-price-by-rs-10-per-litre-for-next-15-days-11681609145380.html
Read here: https://livemint.com/news/world/pak-govt-hikes-petrol-price-by-rs-10-per-litre-for-next-15-days-11681609145380.html
Responding to #IMF's recent remarks, #Pakistan PM #ShehbazSharif emphasized that the country has now met all ‘tough’ conditions laid forth by the financial body and now it has ‘no excuse’ to delay the state-level agreement.
https://www.livemint.com/news/world/imf-seeks-more-financial-vows-from-pak-pm-says-all-fulfilled-no-excuse-now-11681619118308.html
https://www.livemint.com/news/world/imf-seeks-more-financial-vows-from-pak-pm-says-all-fulfilled-no-excuse-now-11681619118308.html
mint
IMF seeks more financial vows from Pak; PM says ‘all fulfilled, no excuse now’
Pakistan's government has made various economic modifications including hikes in fuel prices, raising taxes, and others demanded by the financial body for loans.
The Central Government has blocked 14 mobile messenger #apps over security concerns.
As reported by news agency ANI, it is reported that terrorists used these mobile messenger apps to spread the message & receive messages from #Pakistan.
Read here: https://www.livemint.com/news/india/india-blocks-14-mobile-messenger-apps-used-by-terrorists-to-receive-texts-from-pakistan-11682913456963.html
As reported by news agency ANI, it is reported that terrorists used these mobile messenger apps to spread the message & receive messages from #Pakistan.
Read here: https://www.livemint.com/news/india/india-blocks-14-mobile-messenger-apps-used-by-terrorists-to-receive-texts-from-pakistan-11682913456963.html
#MintExplainer | Continued coverage of leaked US intelligence documents, which surfaced in April, have put the spotlight on #Pakistan.
https://www.livemint.com/opinion/online-views/mint-explainer-what-intelligence-leaks-reveal-about-pakistan-s-ties-with-the-us-11682931679717.html
https://www.livemint.com/opinion/online-views/mint-explainer-what-intelligence-leaks-reveal-about-pakistan-s-ties-with-the-us-11682931679717.html
mint
Mint Explainer: What intelligence leaks reveal about Pakistan’s ties with the US
Since the fall of Afghanistan and America’s broader pivot to the Indo-Pacific, Pakistan’s value as a strategic partner for Washington has declined
#Pakistan's finance ministry says headline #inflation was expected to remain at elevated levels in the months to come, despite contractionary monetary policy by the central bank.
Read here: https://livemint.com/news/world/pakistan-inflation-at-record-36-4-in-april-highest-since-1964-11683036980651.html
Read here: https://livemint.com/news/world/pakistan-inflation-at-record-36-4-in-april-highest-since-1964-11683036980651.html