Economy in pakistan

  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • Pakistan is wracked by economic instability and security problems

    PAKISTAN, 2014/05/31 Pakistan is wracked by economic instability and security problems that affect the life of each citizen. These interlinked problems are eating away at the Pakistani national and, if left untreated they will create additional fragility which is good neither for Pakistan, the region, nor the rest of the world. While some argue that Pakistan is simply ‘muddling through’ its multitude of political, security, economic, and social crises, alarmists talk of Pakistan’s impending ‘national failure’ or a return to military dictatorship. In 2013, Pakistan ranked 13th on the Fund for Peace’s (FFP) annual Failed States Index — most of its indicators having worsened or remained constant. The FFP categorises Pakistan as a ‘high alert’ country, in the same company as Iraq and Afghanistan. Pakistan fares particularly poorly at the same time as it comes to ‘group grievance’ (ethnic and sectarian violence), ‘security apparatus’ (militancy, military coups, bombings), and ‘external intervention’ (this includes the presence of foreign aid and peacekeepers).

  • Pakistan’s current energy crisis

    INDIA, 2013/01/17 Pakistan has approached the current crisis in the same way it faced previous energy crises — by introducing new policies and reforms.In 1985 during a previous crisis, the government encouraged private sector participation, but failed due to high levels of bureaucratic red tape. In 1994 a power policy was introduced, with the objective of granting independent power producers better discretion over their operations.. But still Pakistan failed to meet its rising energy request.

  • The growth of the “billion dollar club” in Pakistan

    PAKISTAN, 2012/12/25 Corporate Pakistan seems on the verge of hitting some sort of tipping point: the number of companies reporting revenues of higher than $1 billion over the past two years has grown dramatically. While there is currently no Pakistani corporate colossus that spans the globe, and certainly no Pakistani equivalent of Tata Sons, many Pakistani companies appear to be growing in size and are reaching the stage where they may begin to consider global expansion. The growth in size of some of these companies is also likely to have a significant impact on the economy as a whole.

  • Pakistan President, Zardari visits India along with son

    PAKISTAN, 2012/12/15 President Asif Ali Zardari, Pakistani chief of national to India visited the country first time in seven years to normalise the strained relations between the two countries. The Indian Prime Minister Manmohan Singh and the visiting Pakistani president exchanged views in a one-on-one meeting, agreeing that their countries should adopt a step-by-step approach to resolve their differences and build on a recent thaw in their tense relations.

  • Pakistan Faces Challenging Economic Outlook 2012-10-07

    PAKISTAN, 2012/10/07 Pakistan's economic situation is deteriorating, and is in urgent need of measures to reduce budget deficit and contain rising inflation, a statement from the International Monetary Fund (IMF) revealed Friday. The statement published following a review mission urged the Pakistan government to take up structural improves, especially in the energy sector, to lay the foundation for stronger and sustainable economic increase.  

  • India−Pakistan visa deal 2012-09-27

    PAKISTAN, 2012/09/27

  • Cooperate with China in banking, space, energy sectors (18/12/2010)

    PAKISTAN, 2010/12/18 Pakistan and China on Friday committed to further strengthen their multi-faceted strategic relationship by enhancing cooperation in space technology, banking, energy and communications. Prime Minister Syed Yusuf Raza Gilani and Chinese Premier Wen Jiabao in their meetings that exceeded the scheduled time, deliberated on a whole range of issues; including bilateral matters, regional and international situation and the challenges facing the nations.
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