Pakistan Economic Crisis
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All Stories for Pakistan Economic Crisis
Running on empty: Pakistan admits it has days, not months, of oil reserves amid global price surge
Fp Staff •Pakistan acknowledged its inability to handle rising global oil prices, saying it does not have the kind of strategic oil reserves that have helped India manage the crisis.
UAE’s $3.5bn demand from Pakistan: Is there an India factor?
Fp Explainers •Pakistan faces fresh economic pressure after the UAE sought repayment of $3.5 billion, exposing deeper Gulf tensions, Saudi intervention, and shifting alliances involving India. The move raises questions over Islamabad’s diplomacy in the Iran conflict and its reliance on external financial lifelines
Pakistan says repaid $3.45 bn UAE deposits as Saudi lifeline replenishes its reserves
Fp Business Desk •After returning costly foreign deposits to Abu Dhabi, Islamabad leans on fresh Saudi inflows to steady reserves at $20.63 billion
Pakistan receives $1 bn from Saudi Arabia as part of $3 bn aid
Fp Staff •The State Bank of Pakistan has officially secured a $1 billion deposit from the Ministry of Finance of the Kingdom of Saudi Arabia, marking the final tranche of a $3 billion financial assistance package.
Pakistan gets $2 billion lifeline from Saudi Arabia amid external pressures
Fp Business Desk •Central bank says funds received on April 15; inflow seen as boost to forex reserves and external stability
‘Lest you become Akhand Bharat’: Pakistan senator mocks UAE after $3 bn loan repayment
Fp Staff •A fresh controversy has erupted after Pakistani Senator Mushahid Hussain mocked the United Arab Emirates (UAE) during a television appearance. This comes after reports suggesting that Abu Dhabi is seeking the return of a $3 billion loan it extended to Islamabad.
Can cash-strapped Pakistan afford to redevelop New York’s Roosevelt Hotel with US?
Fp Explainers •Pakistan has agreed with the US to jointly redevelop New York’s Roosevelt Hotel, aiming to unlock value from a $1 billion-plus overseas asset. The move aligns with IMF-backed privatisation plans but comes as Islamabad remains cash-strapped, debt-burdened, and reliant on external financing and rollovers
'Asim Munir & I go begging for money’: Pakistan PM admits economic crisis
Fp Staff •Pakistan PM Shehbaz Sharif made a blunt admission, saying he and Army Chief Asim Munir have been travelling abroad to beg for money and that they are “ashamed” amid the country’s deepening economic crisis.
Is Pakistan risking its financial system to stay in Trump’s good books?
Fp Explainers •Pakistan has signed a crypto-related agreement with a company linked to Donald Trump’s World Liberty Financial to explore the use of the USD1 stablecoin for cross-border payments. The move, meant to highlight Islamabad’s digital finance ambitions, is raising questions about how a country already in economic crisis will manage to play in the big leagues
Pakistan defence minister thinks it won’t need IMF loans soon. Is this just a fantasy?
Fp Explainers •Pakistan Defence Minister Khawaja Asif has made tall claims that the country may not need financial assistance from the International Monetary Fund (IMF) within six months, citing the surge in defence orders. Since 1958, Islamabad has secured more than 20 loans from the global lender. While its economy stabilised last year, the GDP growth remains weak, and debt is still high