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Inflation, a persistent and pervasive economic phenomenon, has been a longstanding challenge for Pakistan. The country has struggled with high inflation rates, fluctuating between single-digit and double-digit figures, over the…
In Pakistan, unemployment and underemployment pose significant challenges to the country’s economic growth and social stability. One of the major problems of unemployment is the lack of job opportunities, particularly…
ISLAMABAD (Agencies): Pakistan’s foreign investment surged by 48 percent in the first quarter of the current fiscal year, according to state-run media reports on Tuesday. Saudi Arabia and the UAE…
ISLAMABAD (Agencies): Pakistan and Saudi Arabia have signed twenty-seven Memoranda of Understanding (MoUs) for cooperation in diverse fields, particularly in energy, agriculture, mining, human resources, and cyber security. The MoUs…
ISLAMABAD (Agencies): The second phase of the China-Pakistan Economic Corridor (CPEC) has commenced with the facilitation of the Special Investment Facilitation Council (SIFC). The government is committed to collaborating closely…
Islamabad (Khyber Mail): Global rating agency Moody’s has upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings from Caa3 to Caa2. The upgrade reflects Pakistan’s improving macroeconomic…
In the budget, for 2024 25 Pakistan has introduced measures to boost exports focusing on key industries like textiles and agriculture. These steps are part of a strategy to improve…
Dubai (Agencies): Amid a financial crisis, Pakistan’s affluent citizens own between 17,000 to 22,000 properties in Dubai, worth an estimated USD 12.5 billion, according to leaked data used by an…
ISLAMABAD (Agencies): In a significant move towards fiscal responsibility, Prime Minister Shehbaz Sharif and members of the federal cabinet have decided to voluntarily waive their salaries and perks. This decision…
ISLAMABAD (Khyber Mail): The International Monetary Fund (IMF) has reached a staff-level agreement with Pakistan regarding the final review of a $3 billion bailout. Following approval from the Fund’s Executive…