Pakistan is facing a deepening poverty crisis, with rising economic inequality and falling real incomes across the country.

The latest government estimates show that more people are slipping below the poverty line than at any time in recent years, highlighting the urgent need for social and economic reforms.

Around 70 Million Live Below The Poverty Line In Pakistan

Business & Economy: Pakistan's finance minister Muhammad Aurangzeb said an International Monetary Fund (IMF) delegation will visit the country next week.

Pakistan's $7 billion IMF bailout review due

Pakistan is taking drastic measures to address its ongoing economic crisis, announcing significant job cuts and the dissolution of several government ministries as part of a new agreement with the International Monetary Fund (IMF).

Cash-strapped Pakistan cuts 150,000 jobs and dissolves ministries in IMF deal

In a major move to trim down government expenses, Pakistan's Prime Minister Shehbaz Sharif has implemented a ban on the use of red carpets at government events, reserving them exclusively for diplomatic receptions, as reported by ANI.

Pak enforces red carpet ban at official events to cut expenses amid economic crisis

A record 70 per cent of voters in Pakistan said ahead of general elections on Thursday (Feb 8) that they are pessimistic about their economy in the coming years, according to a new poll.

Around 70 per cent Pakistanis pessimistic about their economy ahead of elections

Pakistan's once-fledging textile industry grapples with a slowdown. Accounting for 60 percent of the country's exports, the textile sector has been struggling since the economy began facing a balance of payments crisis.

Pakistan's economic downturn hits its once-booming textile industry

Pakistan’s political climate has been volatile for a while now. A special bench of the Islamabad High Court (IHC) on Friday (May 12) granted bail to former Pakistani prime minister Imran Khan for two weeks in all ongoing cases.

It’s the economy, stupid: The Imran Khan drama, other political rows are holding Pak’s dire finances hostage

The budget of the Indian union territory of Jammu and Kashmir (J&K), announced last month, is twice the size of Pakistan's bailout request to the International Monetary Fund, according to documents.

Jammu and Kashmir’s budget twice the size of Pakistan’s IMF bailout request, documents show

The cash-strapped Pakistan government has directed the accountant general to cease the clearing of bills, including salaries, owing to the current economic crisis, according to a media report on Saturday (February 25).

Cash-strapped Pakistan government halts clearance of bills, salaries: Report

India's Foreign Minister S Jaishankar on Thursday (February 23) yet again spoke of Pakistan's tacit support to terror groups at a time when the country faces multiple economic challenges and almost dismissed the idea of helping the western neighbour to come out of its economic mess.

On Pak’s economic crises, Jaishankar calls out neighbour’s ‘basic terrorism industry’ for its ills