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Pakistan's economy

  • Monday, 30 December, 2024
    Pakistan scraps plan for tax on banks’ bumper profits

    Measure abandoned days before deadline after lenders launched legal challenges and imposed fees

    A man walks past a colourful, decorated bus and motorcycles in front of the State Bank of Pakistan building in Karachi.
  • Monday, 4 November, 2024
    News in-depthAgricultural commodities
    Pakistan loses its edge in supplying China with sesame seeds

    Companies squeezed by falling prices as other countries compete to cultivate crop prized in Chinese kitchens

    A close-up of a hand holding sesame seeds
  • Sunday, 13 October, 2024
    Pakistan security services pressured utilities over government power deal

    Talks that led to expected state savings of nearly $1.5bn described as ‘more an execution than a negotiation’

    A cooling tower and pylons at a power station in Pakistan
  • Thursday, 29 August, 2024
    Pakistan
    Pakistani businesses warn of internet disruptions amid fears of ‘firewall’ censorship

    Slow speeds and service disruptions hurt IT companies and rattle investors in one of country’s few standout sectors

    An IT technician works at a data centre in Karachi
  • Sunday, 11 August, 2024
    News in-depth
    Pakistan’s military backs Sharif in push for IMF reforms

    Country’s powerful armed forces support Islamabad’s painful restructuring under $7bn bailout

    Paramilitary soldiers stand guard along a road, ahead of the general elections in Karachi, Pakistan
  • Saturday, 13 July, 2024
    Pakistan reaches $7bn loan deal with IMF

    PM Shehbaz Sharif has pushed tax reforms to secure debt-stricken country’s 24th funding programme

    A shopkeeper adjusts fabric at a shop in Lahore last week
  • Sunday, 7 July, 2024
    Interview
    Pakistan finance minister warns taxes must rise to break bailout cycle

    Former JPMorgan banker says Islamabad must ‘get real’ as it seeks 24th IMF package

    Muhammad Aurangzeb, Pakistan’s finance minister
  • Sunday, 16 June, 2024
    Pakistan rice exports hit record following Indian sales ban

    Windfall is a boon to country hit by double-digit inflation and anaemic economic growth

    Farmers clean rice crops in a paddy field in Lahore
  • Wednesday, 21 February, 2024
    News in-depth
    How Pakistan’s economy fell into crisis — in charts

    High debt, low growth and raging inflation will challenge a new government lacking a public mandate

    A montage of a stack of Pakistanti rupee notes and charts
  • Sunday, 21 January, 2024
    Pakistan's politics
    Pakistan’s economy cannot afford another election delay, warns Zardari

    Leading political figure says a new government is needed to instil confidence among foreign creditors

    Bilawal Bhutto Zardari  speaks to journalists in Islamabad last week
  • Tuesday, 26 December, 2023
    News in-depth
    Pakistan steps up tax evasion crackdown: pay up or lose your phone

    Critics warn IMF rescue deal at risk from poor tax collection

    A farmer checks harvested wheat grain on a farm in Chiniot, Punjab, Pakistan
  • Sunday, 12 November, 2023
    The FT ViewThe editorial board
    Pakistan’s expulsion order deepens the Afghan crisis

    Islamabad needs to reverse course, but the west has responsibility too

  • Wednesday, 6 September, 2023
    News in-depthBarrick Gold Corp
    Miners’ hunt for copper takes Barrick to Pakistan’s western frontier

    Reko Diq has potential to be one of world’s biggest suppliers of metal needed for energy transition

    Local government officials visit the gold and copper mine site in the town of Reko Diq in Pakistan
  • Tuesday, 5 September, 2023
    Pakistan
    Pakistan roiled by protests over surging electricity costs

    Popular anger threatens to derail crisis-hit country’s $3bn IMF programme

    People gather during a protest against the surge in electricity prices along a street in Muzaffarabad on Thursday
  • Monday, 3 July, 2023
    Pakistan’s businesses urge more help for crisis-hit economy after IMF deal

    Short-term $3bn bailout eases default fears but looming election raises prospect reforms could be unwound

    Pakistan’s prime minister Shehbaz Sharif and finance minister Ishaq Dar
  • Friday, 30 June, 2023
    Pakistan and IMF reach $3bn rescue funding deal

    Preliminary agreement staves off threat of default but reforms needed to resolve economic crisis, say analysts

    Two men in silhouette greet each other after the Eid al-Adha prayers in Peshawar, Pakistan
  • Thursday, 15 June, 2023
    IMF criticises Pakistan budget as pressure mounts for bailout package

    Islamabad had hoped to end deadlock with multilateral lender over stalled $7bn support programme

    An adult holding a child, seen through the legs of another adult in shallow water in Karachi, Pakistan
  • Thursday, 25 May, 2023
    Pakistan
    Pakistan pins hopes on Chinese help in debt crunch

    Islamabad expects Beijing to roll over debt repayments next month but further deadlines loom

    Protesters in Karachi, Pakistan, look down from a wall at marchers
  • Friday, 12 May, 2023
    Person in the News
    Imran Khan, the Pakistani politician taking on the army

    The cricketing star turned populist firebrand is at the centre of the country’s latest wave of unrest

    Illustration of Person in the News Imran Khan
  • Sunday, 7 May, 2023
    Afghanistan
    China holds security and trade talks with Taliban

    Beijing looks to boost investment in Afghanistan and bring country into Belt and Road project

    Qin Gang, Bilawal Bhutto Zardari and Amir Khan Muttaqi, the foreign ministers of China, Pakistan and Afghanistan respectively, after their meeting in Islamabad on Saturday
  • Thursday, 13 April, 2023
    InterviewImran Khan
    Imran Khan says Pakistan’s economic crisis requires ‘surgery’

    Former prime minister warns debt burden on low-income countries is unmanageable

    Imran Khan, Pakistan’s former prime minister
  • Sunday, 9 April, 2023
    News in-depth
    Pakistan’s economic crisis puts healthcare costs out of reach

    Soaring inflation and falling foreign currency reserves are creating shortages of imported drugs

    Doctors examine a patient at a medical camp set up for flood victims in Hyderabad, Pakistan, in August
  • Thursday, 16 March, 2023
    Airlines struggle to repatriate dollars from crisis-hit Pakistan

    Carriers scale back flights or exit as country struggles with scant foreign currency reserves

    A foreign currency dealer counts US dollars at a money exchange company in Peshawar, Pakistan
  • Wednesday, 22 February, 2023
    Imran Khan supporters detained as Pakistan races to secure IMF deal

    Defence minister warns country is ‘bankrupt’ after latest talks fail to unlock $1bn tranche

    Pakistan’s former prime minister Imran Khan
  • Sunday, 5 February, 2023
    The FT ViewThe editorial board
    Pakistan is on the brink

    Stark choices face the nuclear power and its creditors if it is to avoid default

    People buy rice at a market in Karachi
Previous page You are on page 1 Next page

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