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ISLAMABAD, Sept. 11 (Xinhua) -- The newly-elected government of Pakistan led by Prime Minister Imran Khan has expressed its firm resolve to strengthen the country's cash-strapped economy and pledged to get it back on track during its five-year tenure. In his first speech to the nation aft...
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country comparison to the world: 146 Population distribution the Indus River and its tributaries attract most of the settlement, with Punjab province the most densely populated Urbanization urban population: 36.9% of total population(2019)rate of urbanization: 2.53% annual rate of change(2015-20 ...
The country's bankrupt economy is said to be the primary factor for its failure followed by political instability. Pakistan placed 13th in the 2012 annual ranking of failed states published by the "Foreign Policy" magazine. Acute electri...
In short, a rent-seeking economy driven by tax exemptions and concessions is not competitive internationally and is the primary reason for the country’s recurring balance of payments crises. Since Pakistan’s exports have not grown compared to its competitors, it is especially vulnerable to...
The deal, a lifeline for the country after it was on the cusp of default, came after eight months of tough negotiations over fiscal discipline
ISLAMABAD, Jan. 5 (Xinhua) -- Chairman of Pakistan's senate Sadiq Sanjrani said here on Wednesday that his country has a lot to learn from Chinese expertise to promote industrialization for economic development. China has not only emerged as an economic power itself but has also ignited growth...
Despite the pledges, the ministry of finance said Pakistan would still seek broader IMF support for the government’s long-term economic planning. In January, Pakistan launched a new investment certificate for overseas citizens, aimed at easing the country’s balance of payments crisis....
A meeting held in Dubai on 21 October saw Pakistan request formal support for its balance of payments before the country simply goes bankrupt. Inflation is running at around 25 per cent and it seems likely that the IMF, with strong US prodding, will have no choice but to step in or ...