Source: AP
By STEPHEN GRAHAM
Pakistan must secure a loan from the International Monetary Fund within a week to avert a looming financial crisis, Germany’s foreign minister said Tuesday.
Pakistan’s economic problems and rising violence raise doubts about the nuclear-armed nation’s stability and its ability to keep helping the West fight terrorism.
While Pakistan has already approached the IMF […]
Filed Under: Business · Politics
Source: Dawn
The World Bank is considering a $1.377 billion package to help Pakistan overcome its economic problems, the bank’s president said.
World Bank Robert Zoellick made this commitment during a meeting with President Asif Ali Zardari in New York on Wednesday.
He assured the Pakistani leader of the bank’s continued support and said that a $1.337 billion […]
Filed Under: Business
Source: AFP
Pakistan recorded reduced growth of 5.8 percent during the fiscal year ending June 30 due to political turmoil at home and worldwide economic problems, the government said on Tuesday.
The figure was down from last year’s 6.8 percent growth and well short of this year’s 7.2 percent target, according to an official economic survey released […]
Filed Under: Politics
