Widening fiscal deficit and slow growth; IMF sees Pak economy vulnerable to internal and external shocks Washington: (Monday, February 06, 2012) expressing concerns over Pakistan’s slow economic growth and the increasing fiscal deficit, the International Monetary Fund has said that the country’s economy was at a high risk to remain vulnerable to internal and external […]
Feb 6 2012 | Posted in
Business |
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Debt-ridden Greece is close to a deal with private investors to reduce its debt burden by about 100 billion euros ($131.49 billion), and that — plus an agreement to enact deep spending cuts — could pave the way for a 130-billion-euro ($170.94 billion) bailout from its European partners and the International Monetary Fund. But on […]
Feb 3 2012 | Posted in
Latest News,
World |
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Impact of Milliatry operation in FATA/ Mohmand Agency on children The ongoing uncertain peace situation/conflicts in Mohmand have had a drastic and negative impact on the economic and livelihood status of the affected population. Communities struggle to meet the needs of their members, including children. Such families are unable to neither meet the basic […]
Jan 26 2012 | Posted in
Pakistan |
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Political deadlock responsible for economic downturn: experts ISLAMABAD: (23 January 2012) Politics deter economic reforms and political instability perpetuates economic uncertainty, said Dr Ashfaque H. Khan, while speaking at seminar here on Monday. The seminar “impact of current political deadlock on Pakistan’s economy" was organized by Sustainable Development Policy Institute (SDPI). Dr Abid Q. Suleri, […]
Jan 23 2012 | Posted in
Business,
Politics |
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Rupee concedes against dollar Karachi: (Monday, January 23, 2012) pressurized by the deteriorated balance of payment and increasing import bill, the rupee, once again, ended up weaker against US dollar today. Compared to Friday’s closing rates of 90.18-23 in Karachi capital market, it stood for 90.21-26 on the first day of the week. Maintaining a […]
Jan 23 2012 | Posted in
Pakistan |
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‘We will complete our tenure of five years’, is the statement of every person who is in the ruling party. The Prime Minister and President of Pakistan also keep on saying this every time they find an opportunity. However, ironically, no one from the ruling party seems to be ready to talk on the current […]
Jan 21 2012 | Posted in
Opinion,
Pakistan |
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Pakistan struggles to keep fiscal deficit below 7 percent ISLAMABAD (December 15): Economic managers of Pakistan have been reported to make frantic efforts for keeping the unbridled fiscal deficit below 7 percent, however, the task they have been entrusted with seems to be daunting. Moreover, the challenge of keeping the foreign reserves at the presently […]
IMF fears security concerns may further limit capital inflows to Pakistan The International Monetary Fund (IMF) on Tuesday warned the outlook for Pakistan’s economy for the current fiscal year ending June 2012 is “challenging” adding that the global risk aversion and security concerns might further limit capital inflows to the country. The fund held talks […]
Pakistan to meet IMF delegation in Dubai next week Pakistan will meet an International Monetary Fund (IMF) delegation from November 9 to 16 to review the situation of Pakistan economy, sources from inside the finance ministry of the country said on Friday. The Federal Finance Minister of Pakistan, Dr Abdul Hafeez Sheikh had said on […]
Antonis Samaras, the leader of the opposition bloc in the Greek parliament has called on the prime minister to step down from his post due to his mishandling of the situation that has led to the Greek economic disaster. France and Germany along with the rest of the European Union are waiting anxiously on the […]
Nov 4 2011 | Posted in
Latest News |
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Efforts are under way in Cannes to negotiate a suitable pathway out of the EURO zone debt crisis which is currently haunting the European Union. Leaders from the most powers economies in the world and representatives of the G20 are pondering over what can be done with the Greek financial crisis and save the continent […]
Nov 3 2011 | Posted in
World |
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Pakistan do not need IMF loans says Finance Minister Dr. Abdul Hafeez Shaikh Pakistan’s Federal Minister for Finance, Dr. Abdul Hafeez Shaikh said on Wednesday that Pakistan would not need loans from the International Monetary Fund (IMF) rather it would rely on its own fiscal reform programme to enhance the economic sustainability. In an interview […]
