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The funds are the final tranche of a $3 billion last-gasp rescue package Pakistan had secured last summer, which averted a sovereign debt default. Islamabad is also seeking another long-term bailout.
Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. As of 1 February 2025 Pakistan inflation rate recorded 2.4% lowest in 9 years. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive ...
A Pakistan Tehreek-e-Insaf (PTI) supporter attempts to throw back tear gas shells fired by riot policemen in Hasan Abdal, Punjab province, Pakistan, on November 25. - Aamir Qureshi/AFP/Getty Images
Pakistan's economy remains under severe strain due to a debt crisis, with the country facing challenges in repaying $1.2 billion in outstanding payments. [27] In Pakistan, inflation maintains its upward trajectory, as indicated by the most recent official data, which shows a year-on-year increase of 35.4% in the consumer price index for March 2023.
The Pakistan Democratic Movement (PDM) has decided to not contest these by-elections as it believed them to be a waste of "funds, energy and time". Moreover, the Pakistan People's Party (PPP), the Muttahida Qaumi Movement – Pakistan (MQM-P), decided against participating in these elections, accepting suggestions from the PDM, their coalition ...
Pakistan's three-time prime minister Nawaz Sharif heads back home on Saturday after four years of self-imposed exile in London, seeking to wrestle back support for his party three months ahead of ...
During that period economy of Pakistan remained in poor shape and Pakistan had to go to IMF again for record third in the period of Bhutto government. [3] As per few sources, this was the most corrupt government in the history of Pakistan. This time Pakistan got an amount of US$294,690 (equivalent to $589,251 in 2023) on 13 December 1995. [3]
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