Once a rising economic power in South Asia, Pakistan now finds itself at the bottom of the regional ladder. Fifty years ago, the average Pakistani had a higher income than his South Asian peers. Today, he earns about half as much. What went wrong, and what must be done to turn things around? The roots of Pakistan’s economic troubles go back decades. A booming population and poor economic manage
India’s recent suspension of the Indus Water Treaty marks a grave turning point in regional politics and underscores a critical imperative for Pakistan: to resolve its internal political squabbles with utmost urgency. At a time when external pressures threaten to compromise access to shared water resources, domestic discord, such as the infighting over the Cholistan canal project, only deepened Pa
Senior diplomats from Brics countries will meet on Monday in Brazil to present a united front in the face of threats emerging from US President Donald Trump’s aggressive trade policies. The meeting comes at a critical moment for the world economy after the International Monetary Fund (IMF) this week slashed growth forecasts over the impact of the American leader’s sweeping new tariffs. Diplo
Federal Minister for Finance and Revenue Muhammad Aurangzeb said on Monday that the country had reached “a pivotal moment of economic recovery” as he outlined the government’s key achievements during a conference at Harvard University in the US, the [Associated Press of Pakistan (APP) [reported]. The World Bank had predicted Pakistan’s economy to grow by 2.8 per cent during the current fiscal y
While anticipating an improvement in the overall outlook with economic activities picking up momentum in the second half, the State Bank of Pakistan (SBP) maintained its real GDP growth forecast on Monday at 2.5-3.5 per cent for FY25. The International Monetary Fund (IMF) has revised the growth to 2.6pc from 3pc, and the World Bank to 2.7pc for the current fiscal year. “One of the prominent