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

#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

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

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

#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

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

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

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

#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

#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