Pakistan's economic situation 'worse than anticipated', no 'fiscal space' for subsidies: Interim finance minister - Times of India

Pakistan's interim finance minister, Shamsad Akhtar, has stated that the country's economic situation is worse than expected, and ruled out subsidies for the people due to non-negotiable commitments with the IMF and strict conditions of the $3 billion loan received in June.

timesofindia.com

Relevant topic timeline:

8/27/2023

Breaking Pakistan’s dirty IMF habit

Pakistan's recent financial aid and investment partnerships, including with the IMF, Saudi Arabia, UAE, and China, provide temporary relief from economic challenges, but the country must address issues such as low growth, high inflation, unemployment, and limited foreign exchange reserves through deregulation, investment in education and technology, tax reform, privatization, and political stability to achieve lasting prosperity.

9/2/2023

Pakistan: After petrol and diesel price hike, LPG price hiked to Rs 240 per kg, rupee slumps to 307 per dollar

Pakistan's economic crisis is worsening under the caretaker government, as LPG prices increase by 20% and the rupee continues to fall.

9/2/2023

Govt's budget cuts on subsidies could further weaken rural demand: CareEdge

The government's budget cuts on subsidies could further worsen rural demand in India, which is already facing uncertainties due to inconsistent monsoons, food inflation, and lower income, according to a report by Care Edge.

9/5/2023

IMF rejects Pakistan's tariff adjustment plan amid inflation woes

The IMF has rejected Pakistan's proposal for tariff adjustment or additional subsidy, making it more challenging for the country to manage its economic challenges amidst rising inflation.

9/7/2023

Pakistan's Economic Struggles Rooted in Lack of Pragmatism, Not Just Corruption

Pakistan's ongoing economic woes, including budget deficits, trade deficits, and foreign exchange shortages, are not solely caused by corruption but rather a lack of will from leaders to implement necessary solutions and prioritize economic growth, such as increased productivity, better-managed state finances, and global competitiveness, while shedding unproductive state-owned enterprises. The country must also embrace economic pragmatism by opening trade with all countries, investing in human capital, and avoiding ideological distractions to achieve economic modernization.

9/8/2023

Pakistan's Interim Government Focuses on Reviving Economy and Fulfilling IMF Agreements

Pakistan's interim government is prioritizing economic revival and fulfilling international obligations, including agreements with the International Monetary Fund (IMF), to address the stagnant economy and financial issues. They aim to improve the overall business and investment environment, increase inflow of dollars from multilateral institutions, and reduce expenditures while upholding international agreements.

9/19/2023

Sharif Criticizes Pakistan's Economy, Praises India's Space Program and Economic Reforms

Former Pakistani Prime Minister Nawaz Sharif criticized his country's poor economic condition, comparing it to India's success in reaching the moon and stating that Pakistan has been reduced to begging for dollars while India's economy has prospered. Sharif also claimed that the Indian government had copied his economic reform order from 1990 during their own reforms in 1991. He blamed Pakistani generals for the country's plight and labeled them as the worst enemies of Pakistan.

Topics

Posted 8/30/2023, 4:33:00 PM

Pakistan's economic situation 'worse than anticipated', no 'fiscal space' for subsidies: Interim finance minister - Times of India

timesofindia.com

Relevant topic timeline:

8/27/2023

Breaking Pakistan’s dirty IMF habit

9/2/2023

Pakistan: After petrol and diesel price hike, LPG price hiked to Rs 240 per kg, rupee slumps to 307 per dollar

Pakistan's economic crisis is worsening under the caretaker government, as LPG prices increase by 20% and the rupee continues to fall.

9/2/2023

Govt's budget cuts on subsidies could further weaken rural demand: CareEdge

9/5/2023

IMF rejects Pakistan's tariff adjustment plan amid inflation woes

The IMF has rejected Pakistan's proposal for tariff adjustment or additional subsidy, making it more challenging for the country to manage its economic challenges amidst rising inflation.

9/7/2023

Pakistan's Economic Struggles Rooted in Lack of Pragmatism, Not Just Corruption

9/8/2023

Pakistan's Interim Government Focuses on Reviving Economy and Fulfilling IMF Agreements

9/19/2023

Sharif Criticizes Pakistan's Economy, Praises India's Space Program and Economic Reforms