Pak trade deficit drops 12% to $11.61 bn in Jul-Jan

Last Updated: Friday, February 15, 2013, 23:28

Pakistan's central bank on Friday said the country's trade deficit has fallen 12 percent to USD 11.61 billion in the first seven months ending January of the current fiscal.

Pakistan's fiscal policies a disaster, says daily

Last Updated: Monday, January 21, 2013, 11:09

Pakistan's fiscal policies have been an "unmitigated disaster" almost from the outset, said a daily, warning that the situation could get even worse.

Pakistan to receive 42 mn euro in aid from European Commission

Last Updated: Monday, January 14, 2013, 11:26

India will continue to be a focus of the European Community's humanitarian assistance in 2013, but five major global hotspots of crises, including Pakistan, will receive the largest chunk of over 661 million euros aid earmarked for this year, the European Commission has said.

'Pak GDP could gain 2% by granting MFN status to India'

Last Updated: Saturday, January 12, 2013, 15:16

Pakistan’s Gross Domestic Product (GDP) could raise by 2 percent per annum if they grant India the Most Favoured Nation (MFN) status.

IMF projects 3.25% growth for Pak in 2012-13

Last Updated: Friday, November 30, 2012, 15:04

The International Monetary Fund (IMF) has projected Pakistan's growth at 3.25 percent in 2012-13, which it said is insufficient to achieve significant improvement in living standards and to absorb the rising labour force.

Every third Pakistani is poor

Last Updated: Wednesday, September 26, 2012, 12:57

The Sustainable Development Policy Institute has called for a policy to combat acute poverty.

Moody's downgraded Pakistan's credit rating to Caa1 from B3

Last Updated: Saturday, July 14, 2012, 13:01

Pakistan’s credit rating system was further downgraded by Moody’s Investor Service, which cited dwindling currency reserves and political instability.

Pak financial bodies to be hit by US law on Iran sanctions

Last Updated: Friday, June 29, 2012, 11:54

Pakistan along with Afghanistan is not among the 20 countries which, according to Secretary of State Hillary Clinton, have significantly reduced their import of oil from Iran.

Pakistan's 3.7% GDP growth encouraging: Bank

Last Updated: Saturday, June 23, 2012, 15:10

Pakistan's economic growth of 3.7 percent in the 2011-12 fiscal year was encouraging given the adverse effects of energy shortage, oil price rise and damage to the cotton crops during that period, the central bank has said.

IMF discusses reforms, economic conditions with Pak

Last Updated: Wednesday, November 23, 2011, 11:08

The International Monetary Fund and Pakistan have agreed that containing the budget deficit, a cautious monetary policy and a responsive exchange rate will reduce vulnerabilities, contain inflation and protect Pakistan's international reserves.

Pakistan's fiscal deficit stands at Rs.1.3 trillion

Last Updated: Friday, September 30, 2011, 13:03

Pakistan's fiscal deficit during 2010-11 stood at a mind-boggling Rs.1.3 trillion, official data shows.

Pak food prices shot up to 74% in 3 yrs

Last Updated: Monday, September 12, 2011, 12:02

Food prices have shot up in Pakistan by a whopping 74 percent in past three years, leading to an increase in hunger in the country, the authorities say.