Foreign Minister Shah Mahmood Qureshi has warned that a recession will follow the coronavirus health crisis.

"The world is saying this. The global economy is going to contract by 3 per cent. It amounts to trillions of dollars and it will have a huge impact on Pakistan," he told the Senate.

"Our exports have decreased by 40pc. There is a danger of layoffs [of Pakistani labourers] in Gulf states, remittances might go down by 20 to 23pc."

Opinion

One year on

One year on

Governance by the ruling coalition has been underwhelming and marked by growing authoritarianism.

Editorial

Climate funding gap
Updated 17 Feb, 2025

Climate funding gap

Pakistan must boost its institutional capacity to develop bankable climate projects.
UN monitoring report
Updated 17 Feb, 2025

UN monitoring report

Pakistan must press Kabul diplomatically over its tolerance of TTP terrorism.
Tax policy reform
17 Feb, 2025

Tax policy reform

THE cabinet’s decision to create a Tax Policy Office at the finance ministry has raised hopes that tax policy is...
Maintaining balance
Updated 16 Feb, 2025

Maintaining balance

It must take a more proactive approach to establishing Pakistan’s bona fides.
Welcome return
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Welcome return

IT is almost here; the moment Pakistan has long been waiting for — the first International Cricket Council...
Childhood trauma
16 Feb, 2025

Childhood trauma

BEING a child in this society should not be so hard. But recurrent reports of child abuse — from burying girl...