Faseeh Mangi
Bloomberg
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Past articles by Faseeh:
What Life is Like in Crisis-Hit Pakistan as Inflation Soars
As Pakistan lurches from one crisis to another, citizens are taking to the streets to protest a dual economic and political meltdown with little precedent in the nation’s post-independence history. → Read More
Pakistan-IMF Loan Talks to Continue as Deal Proves Elusive
Pakistan and the International Monetary Fund pledged to continue loan negotiations after failing to reach a deal during the lender’s visit, indicating no immediate reprieve for the South Asian nation as it spirals deeper into an economic crisis. → Read More
Pakistan Embassy in Kabul Attacked, Shots Fired Inside Compound
Pakistan’s embassy in Kabul was attacked on Friday, with shots fired at Head of Mission Ubaid-ur-Rehman Nizamani, who was uninjured. → Read More
South Asia Debt Woes Evoke Fears of Another 1997-Style Crisis
Back then, Thailand’s devaluation led to a global market collapse. A sequel might be in the works. → Read More
Pakistan Trims Working Week By a Day to Help Fix Energy Crisis
Government officials will no longer be required on Saturdays under power-saving measures that will also limit use of street lights. → Read More
Online Travel Portal GoZayaan Enters Pakistan With Acquisition
(Bloomberg) -- Singapore-based travel startup GoZayaan, which operates in Bangladesh, has now entered Pakistan by acquiring adventure tourism portal FindMyAdventure. → Read More
Can Lab-Grown Meat Really Be Halal or Kosher?
Food tech startups are racing to market the new proteins, but meeting religious dietary rules is a challenge. → Read More
Pakistan’s Imran Khan Concedes Election Loss in Stronghold Area
Pakistan Prime Minister Imran Khan’s ruling party has conceded defeat in local polls in a province it has ruled for eight years, a sign of its dwindling popularity as voters struggle with soaring prices of goods and job losses. → Read More
IMF Revives $6 Billion Bailout for Pakistan’s Struggling Economy
The International Monetary Fund agreed to revive a $6 billion bailout package for Pakistan, providing a major relief to it’s struggling economy. → Read More
Pakistan Arrests 40 People for Faking Vaccination Certificates
Authorities in Pakistan have arrested more than 40 people for issuing fake vaccination certificates, as Prime Minister Imran Khan’s government looks to safely reopen the economy. → Read More
Taliban Resurgence Raises Terrorism Fears From Moscow to Beijing
The Taliban’s lightning-fast advance to control more territory in Afghanistan is raising alarms from Russia to China, as U.S. President Joe Biden’s move to withdraw troops disrupts a balance of power in South Asia that has held steady for about two decades. → Read More
Pakistan’s President Arif Alvi Tests Positive for Coronavirus
Pakistan President Arif Alvi tested positive for Covid-19, the latest top leader to contract the coronavirus in the South Asian country that is facing a new wave of infections. → Read More
The World's Worst Public Transport System Attempts to Modernize
Incomplete roads in Karachi — the biggest city in Pakistan and the third-largest in the world — show what happens when a megacity becomes a political orphan. → Read More
Pakistan Protests Gain Momentum, Putting Khan Under Pressure
Pakistan is bracing for more protests after an alliance of opposition parties kicked off a series of rallies calling for the resignation of Prime Minister Imran Khan. → Read More
Asia’s Best-Performing Stock Market Is Just Getting Started
(Bloomberg) -- The rebound that’s helped make Pakistan equities Asia’s best performers since the end of March isn’t done yet, according to some money managers. → Read More
Tax Cheats Get Free Pass If They Invest in Pakistan Housing
Pakistan is willing to forgive tax evaders if they help fund activity in the economy that shrank for the first time in seven decades last financial year. → Read More
Pakistan Stock Exchange Building Attacked; Four Gunmen Killed
Pakistan Stock Exchange building has been attacked by gunmen, the bourse said in a statement. The situation is still unfolding and management, with the help of security forces, is ensuring the security, and controlling the situation, said the bourse in a statement. → Read More
Locusts are bigger threat than COVID-19 in Pakistan
The locust-invasion now covers an area of 57 million hectares in a country with a total crop area of 23 million hectares. → Read More
Airbus A320 Jet With 107 Aboard Crashes in Pakistan
An Airbus SE jet operated by Pakistan International Airlines crashed with 107 people on board, the country’s Civil Aviation Authority said. The flight operating from Lahore to Karachi had 99 passengers and 8 crew on board, the CAA said. → Read More
Pakistan’s Fiscal Deficit Rises to Highest Level in 28 Years
The deficit increased to 8.9% of the nation’s gross domestic product in the year ended June compared with 6.6% a year earlier, according to provisional numbers released by the Finance Ministry. That’s a big miss for the government, which targeted a narrower 5.6% gap. → Read More