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INCREASE IN POVERTY PAKISTAN
Pakistan sees room to improve FY27 outlook after Iran war ends, says Finance Minister AurangzebPakistan's Finance Minister Muhammad Aurangzeb sees potential economic upsides for fiscal year 2027 following the end of the Iran conflict....
Pakistan's poor population swells by 27 mn in six years, poverty surges 7%Pakistan's poverty rate has risen from 21.9% in 2018-19 to 28.9% in 2024-25, pushing around 27 million more people below the poverty line a...
A $2.89 trillion military surge signals the sharpest global arms buildup since WWIIThe surge in global military budgets is astonishing, with nations investing heavily in their defense capabilities in response to escalating...
Pakistan eyes PKR 100 bn defence hike in IMF-linked budgetPakistan is set to boost its defense budget by approximately PKR 100 billion. This move aligns with an International Monetary Fund program....
Pakistan, ‘strangled’ by economic strain, steps up Iran peace pushPakistan's economy is struggling due to the US-Israel war on Iran. Rising fuel costs and rolling blackouts are devastating businesses. Cons...
'Mediator' Pakistan feels the heat as petrol price breaches PKR 450, diesel goes over 500 due to Middle East warPakistan petrol, diesel prices: The petrol price in cash-strapped Pakistan has increased to PKR 458.40 rupees per litre and diesel has brea...
GST largest marginal contributor to rising poverty in Pakistan: World BankA World Bank study reveals that Pakistan's General Sales Tax disproportionately increases poverty due to its impact on household expenditur...
About 10 million people at risk of slipping into poverty in Pakistan: World BankThe World Bank's report paints a grim economic picture of Pakistan, with slow growth, high inflation, and missed targets contributing to in...
Pakistan: Short-term inflation surges to 29.88% after rise in price of kitchen productsShort-term inflation in Pakistan has surged 29.88 per cent year on year in the week ending on November 2 due to the increasing prices of ki...
Pakistan: Weekly inflation jumps to 31 per centPakistan yet again witnessed a year-on-year increase in short-term inflation which now stood at 30.82 per cent for the week ending on Augus...
In inflation-hit Pakistan, a 35% salary hike for state govt employeesThe caretaker government in Punjab has cleared 30 per cent to 35 per cent hike for government employees, based on the current basic salary....
Pakistan's inflation to rise to 29.5 per cent in FY23: World BankHowever, the World Bank report on the macro poverty outlook for Pakistan said inflation was expected to moderate over the forecast horizon ...
World Bank projects massive decline in Pakistan's GDP growthThe World Bank says: "The country's outlook is subject to major downside risks, which, if they materialise, could result in a macroeconomic...
World Bank forecast Pakistan's economic growth to further 'slow' to 2% in FY 2022-23The report, issued by a flagship publication of the World Bank Group, said that global growth was slowing sharply in the face of elevated i...
Pakistan's finance ministry warns of risks to country's economyA report in News International cited the ministry as saying that a rise in international commodity prices can build pressure on domestic in...
Poverty in Pakistan rises to over 5 pc in 2020, estimates World BankUsing the lower-middle-income poverty rate, the WB estimated that the poverty ratio in Pakistan stood at 39.3 per cent in 2020-21 and is pr...
Indian businessman installs hand pumps in poverty-stricken Pakistan districtJoginder Singh Salaria set up nearly 62 water pumps with the help of local social workers after knowing the plight of the area through soci...
'Can't end poverty with tanks': Nawaz Sharif's attempted response to PM Narendra ModiSharif's attempt to maintain Pakistan's high pitch against India saw him respond to Modi's statement that India & Pak should compete on who...
All eight members of the SAARC can transform South Asia into a global power: PM Narendra ModiNearly three decades after it was set up, SAARC remains one of the poorest regional groupings marred by differences among the member countr...
Is Pakistan's economy heading for another downturn?The economy is in a bad shape largely because the country is poorly governed. The sharp increase in urban poverty has added to the turbulen...