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 Mrs. Anjum Shahnawaz

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 Mrs. Anjum Shahnawaz

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.

by Mrs. Anjum Shahnawaz

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 Mrs. Anjum Shahnawaz

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 Mrs. Anjum Shahnawaz

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 Mrs. Anjum Shahnawaz

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 Mrs. Anjum Shahnawaz

Achieving 4% GDP growth target unlikely: SBP

Jan 6

Finance

Achieving 4% GDP growth target unlikely: SBP

The State Bank of Pakistan (SBP) issued a cautionary statement on Monday, stating that achieving the targeted 4 percent GDP growth for the current fiscal year is unlikely.

by Mrs. Anjum Shahnawaz

Economic Survey 2018/2019: Almost all growth targets missed

Jun 10

2019-2020, Budget, Finance

Economic Survey 2018/2019: Almost all growth targets missed

ISLAMABAD: The outgoing fiscal year 2018-19 witnessed a muted growth of 3.29 percent against the ambitious target of 6.2 percent. The targets set for the various sectors missed or witnessed negative growth during fiscal year 2018/2019. According to Economic Survey 2018/2019 launched by Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance and Revenue […]

by Faisal Shahnawaz

Economic Survey 2018/2019 to be launched June 10; GDP growth likely at 3.3 percent

Jun 8

Finance

Economic Survey 2018/2019 to be launched June 10; GDP growth likely at 3.3 percent

ISLAMABAD: The ministry of finance will present Economic Survey for 2018/2019 on June 10 (Monday) under which the GDP growth may be announced to fall 3.3 percent against the target of 6.3 percent. The government, however, set the economic growth at 4 percent for the next fiscal year. The economic survey may show a slide […]

by Faisal Shahnawaz