Moody’s changes outlook on Pakistan’s banking sector from negative to stable – Business
Moody’s Investors Service on Thursday changed its outlook on Pakistan’s banking sector from “negative” to “stable” citing its solid profitability, stable funding and liquidity, which it said “provide an adequate buffer’ to withstand the country’s macroeconomic challenges and political turmoil. The international rating agency — one of the top three global rating firms — said […]
Pakistan’s next finance minister needs a vision, not just experience – Pakistan
Will the next finance minister dare to innovate and redefine Pakistan’s economic strategy or are they going to find themselves stuck in the same old loop? My grandfather used to have a yellowed old sign hanging above his office desk that read: Weak minds talk about people; Average minds talk about events; Great minds talk […]
Punjab Assembly: Maryam becomes Pakistan’s first female CM, says she has no desire to ‘seek revenge’ – Pakistan
Amid boycotts and delays, the Punjab Assembly on Monday elected PML-N’s Maryam Nawaz as the first female chief minister of the province and Pakistan. Maryam clinched an overwhelming victory with 220 votes against rival Rana Aftab Ahmed Khan of the Sunni Ittehad Council (SIC). Initially, the SIC — which is now home to the PTI-backed […]
Govt formation Pakistan’s internal matter, says US – Pakistan
WASHINGTON: The Biden administration remains steadfast in its stance of non-interference in the formation of the government in Pakistan, dismissing calls from US lawmakers and others to withhold recognition of the Feb 8 election results. At Wednesday’s news briefing in Washington, US State Department spokesperson Matthew Miller reiterated this point when asked whether the prospective […]
Election outcome, political uncertainty may complicate Pakistan’s new IMF deal: Fitch – Business
Global ratings agency Fitch on Monday warned that the “close outcome” of the February 8 polls and the resulting “near-term political uncertainty” may complicate Pakistan’s efforts to secure a financing agreement with the International Monetary Fund (IMF). Nearly 60.6 million Pakistanis voted in the country’s 12th general elections earlier this month amid a day-long suspension […]
Pakistan’s debt profile ‘alarming’, borrowing and spending habits ‘unsustainable’: report – Business
A report by Islamabad-based think tank Tabadlab has stated that Pakistan’s debt profile is “alarming” while the country’s borrowing and spending habits were “unsustainable”. The 68-page report, titled ‘A raging fire: Pakistan’s debt crisis’, was released on Sunday. It said that the country’s total debt and liabilities — including domestic and external debt — to […]
PM defends Pakistan’s political system
ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar has said that voters in the currently held general elections exercised their constitutional rights, and generally, they voted for their favorite candidates despite security challenges. “It is the beauty of a vibrant democracy, and in Pakistan, it is a transformational democracy, also a brave democracy, considering the security […]
Unified govt to represent Pakistan’s diverse policy: COAS
RAWALPINDI: Chief of Army Staff (COAS) General Syed Asim Munir on Saturday said Pakistan’s diverse polity and pluralism will be “well-represented by a unified government of all democratic forces” imbibed with national purpose. “Pakistan’s diverse polity and pluralism will be well-represented by a unified government of all democratic forces imbibed with national purpose. Elections and […]
US think tanks assess Pakistan’s electoral landscape – World
WASHINGTON: The evolving political landscape in Pakistan ahead of its third consecutive parliamentary election on Feb 8 presents a complex web of challenges, US think tanks argue in their election reports. According to them, the confluence of political repression, militant threats, and military influence cast a shadow over the democratic process, leaving questions about the […]
Politics of disenfranchisement: Why Pakistan’s youth no longer believes in the sanctity of the vote – Pakistan
With a barrage of challenges awaiting the incoming government, Pakistan’s cyclical dystopia perseveres. Another meaningless election. Another debilitated government. Another divided house. And round and round we go. “Hope is a good thing, maybe the best of things. And no good thing truly dies.” — Andy Dufresne, The Shawshank Redemption For Rehan Shamsi, 61, hope […]