Economic growth to be slow down next year: Economic Survey

Jun 9

Finance

Economic growth to be slow down next year: Economic Survey

ISLAMABAD: After achieving GDP growth at 5.97 per cent in the fiscal year 2021/2022, the economic growth to be slow down next year, according to the Economic Survey of Pakistan released on Thursday. The survey stated that Pakistan’s economy faces several severe challenges. Inflation is running too high, the prospects for future growth in potential […]

by Anjum Shah

Pakistan achieves 5.97% GDP growth in 2021/2022: Economic Survey

Jun 9

Finance, Top stories

Pakistan achieves 5.97% GDP growth in 2021/2022: Economic Survey

ISLAMABAD: Pakistan has achieved the GDP growth at 5.97 per cent in the fiscal year 2021/2022. However the economy also started to show signs of excess demand and overheating through an increase in the import volume of capital and consumer goods, energy, and non-energy imports. This was revealed by Economic Survey of Pakistan 2021/2022 launched […]

by Anjum Shah

Jun 8

Budget 2022-2023, Top stories

Pakistan Budget 2022-2023 – estimates

Pakistan government is going to announce federal budget for fiscal year 2022-2023 on June 10, 2022. The country is eyeing revival of an IMF program and it is likely that the upcoming budget will have measures that promotes fiscal austerity and stabilization. According to Topline Securities the budget outlay for 2022-2023 is estimated at Rs9-9.5 […]

by Faisal Shah

Unemployment, inflation key challenges for Pakistan: WB

Oct 7

Finance

Unemployment, inflation key challenges for Pakistan: WB

The World Bank (WB) has pointed out unemployment and food inflation as the major challenges for Pakistan’s economy. The World Bank issued a report Shifting Gears: Digitization and Services-Led Development on Thursday. “… downside risks arising from lockdown-induced disruptions to employment and high food inflation remain,” the World Bank said. It projected Pakistan’s output growth […]

by Anjum Shah

Economic momentum likely to accelerate further in FY22: SBP

Jul 16

Finance

Economic momentum likely to accelerate further in FY22: SBP

KARACHI: The State Bank of Pakistan (SBP) has said that the economic momentum is expected to accelerate further during FY22. The optimistic outlook is premised on the expanding vaccine roll-out and relatively unhindered continuation of economic activity despite Covid-19, the SBP said in it’s the Third Quarterly Report on the State of Pakistan’s Economic for […]

by Anjum Shah

FPCCI calls for broadening of tax base to push GDP growth

Jun 5

Trade & Industry

FPCCI calls for broadening of tax base to push GDP growth

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday advised the government to reduce tax rates and broaden the tax base for achieving GDP growth at six percent during next two years. Mian Anjum Nisar, former FPCCI president and Chairman of ruling part Businessmen Panel, in a statement said that in […]

by Anjum Shah

IMF projects Pakistan’s GDP growth at 5pc in FY24

Apr 8

Finance

IMF projects Pakistan’s GDP growth at 5pc in FY24

KARACHI: International Monetary Fund (IMF) has projected that Pakistan’s GDP growth may grow five percent in 2023/2024 from projected growth of 1.5 percent in the current fiscal year. The IMF issued country report on Pakistan’s economy on Thursday. According to the IMF real GDP growth is projected to remain subdued at 1.5 percent in FY […]

by Anjum Shah

SBP projects GDP growth in range of 1.5-2.5 percent with high consumer prices in FY21

Jan 5

Finance

SBP projects GDP growth in range of 1.5-2.5 percent with high consumer prices in FY21

KARACHI: The State Bank of Pakistan (SBP) on Tuesday projected GDP growth in the range of 1.5-2.5 percent with higher than targeted consumer prices for the current fiscal year FY21 (2020/2021). The real GDP recorded 0.4 percent negative growth during the last fiscal year 2019/2020. According to First Quarterly Report on the State of Pakistan’s […]

by Anjum Shah

Pakistan’s GDP growth contraction not severe as expected globally: SBP

Jul 30

Finance

Pakistan’s GDP growth contraction not severe as expected globally: SBP

KARACHI: The scale of the COVID-19 shock is underscored by the fact that for the first time in 68 years, as per the provisional estimates, Pakistan’s real GDP growth is set to contract in FY20. “At 0.4 percent, this contraction is not as severe as that expected in most parts of the world due to […]

by Anjum Shah

Economic Survey: GDP growth projected at negative 0.38 percent

Jun 11

Finance

Economic Survey: GDP growth projected at negative 0.38 percent

ISLAMABAD: The GDP growth for current fiscal year has been estimated negative 0.38 percent, according to Pakistan Economic Survey for 2019/2020 released on Thursday. The survey stated that although, provisional GDP growth rate for FY2020 is estimated at negative 0.38 percent, however, macroeconomic stabilization measures undertaken by the government over the past year resulted in […]

by Anjum Shah