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Despite strict quarantine measures due to the coronavirus pandemic, India and Pakistan are planning to partially open up some parts of their economies to cushion the financial impact of shutdowns across the region.
The Covid-19 pandemic will likely slow South Asia’s once-bustling economies to the lowest level seen in decades, the World Bank has warned in its latest report.
Noting that Islamabad, as much of the developing world, is facing the dilemma of either losing people to hunger from lockdowns or letting the virus ravage the population, Pakistan’s Imran Khan has called for global relief fund.
Pakistan's strategic Gwadar Port, part of the ambitious $61 billion China Pakistan Economic Corridor (CPEC) project, has finally been given the green light for development.
Islamabad has repaid Moscow the $93.5 million (Rs 1,442 billion) debt pending since the collapse of the Soviet Union. The issue was a major hurdle in boosting the country's trade ties with Russia.
The economy of Pakistan has entered a growth phase, Reza Baqir, governor of the State Bank of Pakistan (SBP), has said. He added that the economy has recently stabilized.
Addressing the World Economic Forum in Davos, Pakistan’s Prime Minister Imran Khan said he hopes 2020 will bring economic stability and job opportunities to his country.
A “grand operation” has been ordered by Pakistan’s Prime Minister Imran Khan against wheat hoarders and profiteers to relieve a shortage of flour supplies.
International ratings agency Fitch affirmed Pakistan’s B negative rating with a stable outlook due to a challenging external sector situation and weak fiscal and debt position.