Pakistan News

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  • Anxious anti-heroics: Zinda Bhaag — The DVD review

    Released in 2014, the film is now available on DVD...

    Zinda Bhaag is very much part and parcel of the class make-up and social landscape of Pakistan’s new wave cinema, in which films play like stark art-house mediations on life but bear the soul of lively commercial cinema...

  • Living Colours: ‘Every writer is a struggling writer’

    After leaving the military he entered journalism, and remained in London until 2008 before returning to Pakistan...

    What more can you ask them to do?Q: As a novelist, would you consider writing a tale that showed the way to a better Pakistan? What do you like to read?A: Pakistan is full of people who are showing the way...

  • WB lowers Pakistan’s external financing needs

    WASHINGTON: The World Bank said on Monday that Pakistan’s external financing needs in 2017-18 were $17 billion and not $31bn, which was wrongly deduced from one of its previous reports...

    The World Bank, however, warned that the country was “facing headwinds in the external sector and a rising fiscal deficit that could put macroeconomic management at risk...

  • Pakistan’s growth inhibited by external demand position: ADB

    ISLAMABAD: The Asian Development Bank says that the economic growth in Pakistan is constrained by the country’s external demand position which makes 6 to 7 per cent GDP growth per annum unsustainable...

    The ‘unsustainable’ curseCiting reasons for un-sustainability, ADB report says Pakistan’s export per capita is low and the country continues to compete with exports from poorer countries...

  • ‘External forces out to sabotage China Pakistan Economic Corridor project’

    ISLAMABAD: Speakers at a seminar on Tuesday feared that internal and external forces were out to sabotage the China Pakistan Economic Corridor (CPEC) but termed the project a major development in the region and important for the economic growth...

    The seminar titled “China-Pakistan Economic Corridor: Economic, Political and Security Perspectives” organised by Pak Institute for Peace Studies (PIPS) at a local hotel...

  • Pakistan not to accept external pressure on Indus Waters Treaty: Asif

    Minister for Defence, Water and Power Khawaja Asif on Tuesday said Pakistan would not accept any external pressure on the Indus Waters Treaty (IWT) reached with India in 1960 for distribution of water between the two countries...

    The seminar titled “Hydro Politics around Pakistan: Reassessing the Efficacy of IWT”, was organised by the Institute of Strategic Studies, Research and Analysis (ISSRA) in Islamabad at the National Defence...

  • Pakistan must have a foreign minister now to help meet external challenges: Chandio

    HYDERABAD: Adviser to the Chief Minister on Information Maula Bux Chandio has urged Prime Minister Nawaz Sharif to immediately appoint a foreign minister in view of the situation where Pakistan is facing aggression by its neighbouring country and has also to meet certain other external challenges...

    “Three and a half years have passed since the [federal] government has taken the reigns of the country but it has failed so far to put a...

  • Pakistan updates guidance for Islamic banks' external audits

    Pakistan's central bank has updated guidance on sharia governance for Islamic finance institutions, expanding the scope of external audits to help mitigate conflicts of interest and increase transparency...

    Religious scholars who members of an Islamic bank's sharia board are now barred from serving in any external audit firm, the State Bank of Pakistan said in a circular that complements original guidance from 2015...

  • Pakistan’s ability to withstand external shocks diminishes

    ISLAMABAD: The World Bank has said that Pakistan’s ability to withstand external shocks has diminished and risks will remain predominantly on the downside with declining reserves and elevated debt ratios...

    Rising global interest rates and tighter liquidity situation will pose challenges to Pakistan given the high gross external financing requirements...

  • Pakistan’s external affairs to have serious implications: report

    ISLAMABAD: Pakistan’s external environment will remain challenging throughout 2020 which will have serious implications for its economy, security and internal stability, says a report published by a local think tank...

    The think tank, Islamabad Policy Institute, believes that tense relations with India would continue to consume much of Pakistan’s strategic and diplomatic bandwidth...

  • ‘Remittances crucial for external account balance’

    KARACHI: State Bank of Pakistan Deputy Governor Jameel Ahmad said on Thursday that workers’ remittances are a life line for the country’s external account balance...

    He was addressing the audience of a docudrama launched by the National Bank of Pakistan (NBP) targeted overseas Pakistani workers residing especially in the Gulf Cooperation Council countries...

  • Pressure on external, fiscal accounts to persist: State Bank

    KARACHI: The State Bank of Pakistan (SBP) expects the GDP growth rate for 2017-18 will remain between five and six per cent against the 6pc growth target set by the government...

    • Investment, exports, credit to SMEs and revenues must be key priorities • Consumption surging while investment sees ‘moderate increase’The report said that pressure on external and fiscal accounts is expected to emanate from elevated import demand and an...

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