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Articles for tag: capture, Corruption, Economic, elite, GCDA, growth, IMF, Pakistans, persistent, undermining

November 20, 2025

News Desk

‘Persistent corruption, elite capture’ undermining Pakistan’s economic growth: IMF GCDA

The IMF headquarters building is seen ahead of the IMF/World Bank spring meetings in Washington, U.S., April 8, 2019. —Reuters IMF links new governance report to $1.2bn EFF tranche. The Fund demands an immediate start to the 15-point reform program. The complex tax system and weak oversight fuel the risks of corruption. The International Monetary Fund’s (IMF) Governance and Corruption Diagnostic Assessment (GCDA) for Pakistan has warned that persistent corruption and weak institutions continue to undermine the country’s economic growth, even as it stabilizes under an Extended Fund (EFF). The publication of the report is a condition for approval by

November 17, 2025

News Desk

Pakistan’s economic future is linked to population, climate action: FinMin Aurangzeb

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb addresses the ceremony on November 17, 2025. — APP FinMin addresses District Vulnerability Index for Pakistan ceremony. Climate change exposes communities to extreme conditions: FinMin. The minister emphasizes that the relationship between population and climate must be recognized. Federal Finance Minister and Senator Muhammad Aurangzeb said on Monday that Pakistan’s long-term economic outlook was inextricably linked to how effectively the country tackled the twin national challenges of rapid population growth and increasing climate vulnerability. He expressed these views while speaking at the launch ceremony of District Vulnerability Index for Pakistan (DVIP),

November 15, 2025

News Desk

Pakistan’s bond rally that broke out in Asia looks set to extend as market access returns

A foreign exchange dealer counts US dollar bills at a foreign exchange market in Karachi on July 19, 2022. — AFP Pakistan’s dollar bonds yield 24.5%, the highest in Asia. The return of the Eurobond in 2026 marks the return after almost five years. IMF-backed reforms, tax hikes support investor confidence. Pakistan’s dollar bonds are expected to extend their Asia-leading rally as recent credit rating upgrades and plans to re-enter global debt markets boost investor sentiment, according to Bloomberg. The government plans to issue yuan-denominated bonds later this year and return to the eurobond market in 2026 for the first

November 15, 2025

News Desk

Afghanistan shifts trade to Iran to avoid Pakistan’s shutdown

Landlocked Afghanistan is leaning more on trade routes through Iran and Central Asia to reduce dependence on Pakistan, officials said, as tension between the neighbors escalated, with their borders closed in recent weeks, Reuters reported. Afghanistan’s dependence on Pakistani ports has long given Islamabad leverage to pressure Kabul over illegals fleeing across the border. But Afghanistan is increasingly using Iran’s concessions to move cargo to the Indian-backed port of Chabahar, bypassing Pakistan and avoiding repeated border and transit disruptions. “In the last six months, our trade with Iran reached $1.6 billion, higher than the $1.1 billion we traded with Pakistan,”

November 14, 2025

News Desk

Rise of vaping and e-cigarettes fueling new nicotine risks for Pakistan’s youth

Accessibility for Pakistan’s youth raises concerns over addiction, weak laws A store that displays electronic cigarettes and vaping products. Source: Reuters Pakistan has seen a dangerous shift in the way youth are being targeted by the tobacco industry. Once dominated by conventional cigarettes and smokeless forms like naswar and gutka, the market has expanded to include e-cigarettes and vaporizers among other new nicotine products. These products, often disguised in colorful packaging and sweet flavors, are marketed as “safer alternatives” – a narrative that resonates dangerously with impressionable youth seeking novelty and acceptance. Walk the streets of major urban centers like

November 10, 2025

News Desk

Pakistan’s stock market needs depth, not drama

With most of the gains coming from financial and energy giants, the PSX lacks the broad participation needed for a sustained bull run KARACHI: Pakistan’s stock market has been a study in contrasts this year: pockets of bullish excitement punctuated by sharp swings that have left investors – and policymakers – unsettled. The KSE-100 index, which started 2025 on a recovery track after a tumultuous 2024, has repeatedly tested new highs and then delivered big chunks of gains in a matter of days, demonstrating how sensitive the Pakistan Stock Exchange (PSX) has become to domestic politics, regional and global geopolitical

November 7, 2025

News Desk

Pakistan’s Usman Chand and Imam Haroon win silver and bronze medals at Asian Shotgun GP

The Pakistani shooter will travel to San Marino next month. PHOTO: AFP KARACHI: Pakistan’s Usman Chand and Imam Haroon did the country proud as they bagged the silver and bronze medals at the 2025 Asian Shotgun Grand Prix in Kuwait on Friday. The duo were competing in a skit. Pakistan had three shooters. Farrukh Nadeem was also hoping to finish on the podium but missed out on a tie to become a finalist after being tied for sixth, according to details compiled by the Pakistan National Rifle Association. “This result of this competition is the only thing of really hard

November 7, 2025

News Desk

Boxer Fatima Zahra confirms Pakistan’s first medal at Islamic Solidarity Games 2025

She advanced to the -60kg semi-finals after defeating Algeria’s Hamda Melissa 5-0. The moment Pakistani boxer Fatima Zahra won the quarter-final of the Islamic Solidarity Games in Riyadh, Saudi Arabia on Thursday, November 6. PHOTO CREDIT: PAKISTAN BOXING FEDERATION KARACHI: Boxer Fatima Zahra confirmed the first medal for Pakistan in the 6th Islamic Solidarity Games held in Riyadh, Saudi Arabia. She advanced to the -60kg semi-finals on Thursday night as she defeated her Algerian opponent, Hamda Melissa, 5-0 in the quarter-final match. She closed her place among the last four and consequently, confirmed the bronze medal. The medal will be

November 4, 2025

News Desk

Pakistan’s kunzite shines on debut in China

BEIJING: In an exciting combination of heritage craftsmanship, gem majesty and cross-border ambitions, Pakistan’s jewelery industry takes center stage at one of the world’s most important trade shows – the China International Import Expo (CIIE). This year’s 8th CIIE in Shanghai shines a special light on the extraordinary, as Pakistani brand WINZA showcases its stunning 3,051 carat kunzite — a Guinness World Record-certified diamond — alongside the country’s rich tradition of fine jewelry and export innovation. As announced by China Economic Net, WINZA will unveil for the first time in China a 3,051-carat kunzite crystal, officially recognized as the largest

November 4, 2025

News Desk

CCP seeks steel ministry to revive Pakistan’s ailing industry

Pakistan’s competition watchdog calls for national steel policy, dedicated ministry to rescue troubled sector Islamabad: The Competition Commission of Pakistan (CCP) has recommended overhauling the steel industry by announcing a national policy and establishing a special ministry to revive the sector, which is struggling to survive in the face of many challenges. The CPC on Monday released a report titled “Steel Sector Competition Assessment Study in Pakistan”. He cited the example of Pakistan Steel Mills (PSM), which has collapsed, leaving liabilities of Rs 400 billion. The Commission also highlighted the key competition-related challenges facing the industry. The study pointed to

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