Pakistan’s economic situation is currently in a state of flux. Inflation has been on the rise and economic growth has been sluggish. The devaluation of the Pakistani Rupee has put further strain on the economy, making it difficult for individuals and businesses to cope with rising costs. As per recent figures, released by the statistics […] The post Pakistan’s Current Economic Crisis Harkens Back To Turmoil From 1970s appeared first on The Friday Times - Naya Daur.
In a bid to break the deadlock with the International Monetary Fund (IMF), the government on Tuesday will share its strategy with the visiting IMF delegation regarding additional taxation measures. The briefing will be based on Pakistan’s plan to collect over Rs200 billion by increasing both electricity and gas tariffs to cope with the circular […] The post Pakistan, IMF Technical-Level Talks To Commence Today appeared first on The Friday Times - Naya Daur.
The Pakistani rupee plummeted to a new low of 269.63 against the dollar on 30th January. Earlier, the interbank rate of the rupee saw a historic fall as the opening rate of the dollar in the interbank market on 26th January fell sharply from PKR 230.89 to PKR 255.43, resulting in a single day rupee […] The post Rupee Devaluation, Fuel Price Hike Will Cause Rise In Inflation appeared first on The Friday Times - Naya Daur.