When they begin in late March, Pakistan will pay for its energy imports from Russia in “currency of friendly nations,” a senior Russian energy ministry official said on Friday, according to Reuters. The declaration was made during the ninth meeting of the Pakistan-Russia Intergovernmental Commission, which was co-chaired by Russian Energy Minister Nikolay Shulginov and […]
The Pakistani economy is in a state of flux, and there is a real possibility that the country may default on its foreign debt obligations. This is a cause for great concern, as a default would have far-reaching implications not just for Pakistan, but for the global economy as a whole. The source of the […]
According to Pakistan International Airlines (PIA), the company has increased its revenue by over Rs 2 billion after its partnership with Turkish Airlines. The partnership, which began collaborative flight operations from Pakistan’s Lahore and Islamabad airports to Turkey, has resulted in the sale of around 38,000 tickets for the Lahore/Islamabad to Istanbul route in just […]
Introduction You may have heard that Pakistan is facing an economic crisis. The Asian Development Bank (ADB) said on Wednesday that Pakistan’s economic outlook for the fiscal year ending in June 2023 has “deteriorated under heavy flooding” while the “economy was already struggling to regain macroeconomic and fiscal stability”. According to the ADB, the floods […]
