Tag: GDP Growth

PIDE unveils comprehensive reform agenda for economic revival

ISLAMABAD, Apr 2 (APP):The Pakistan Institute of Development Economics (PIDE) has launched an ambitious reform strategy, “ISLAAH: Immediate Reform Agenda- IMF and Beyond,” to propel Pakistan towards economic stability and growth amid its looming financial crises. This initiative, embodying the ideals of rethink, reform, and revive, responds to Pakistan’s urgent need for external financing exceeding… Continue reading PIDE unveils comprehensive reform agenda for economic revival

Current economic challenges can be tackled: Pasha

LAHORE, Mar 18 (APP):Former Federal Finance Minister Dr. Hafeez Pasha said on Monday that ongoing economic challenges can be tackled as the country had faced difficult economic condition in the past but handled carefully. He was addressing a conference on Medium Term Economic Outlook of Pakistan here at the Lahore Chamber of Commerce and Industry… Continue reading Current economic challenges can be tackled: Pasha

GDP growth to exceed 5% mark in FY22: Tarin

ISLAMABAD, Mar 20 (APP): Owing to robust growth of the country’s large scale manufacturing, agriculture and exports, Minister for Finance and Revenue Shaukat Tarin Sunday expressed the hope that the Gross Domestic Product (GDP) growth would exceed 5% mark against the set target of 4.8% for the fiscal year 2021-22. “The welcome news is that… Continue reading GDP growth to exceed 5% mark in FY22: Tarin

Economy to grow by 5% this year, 6% next year: Shaukat Tarin

ECC directs revision of HSD, gas oil premium on fortnightly basis

ISLAMABAD, Feb 03 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin said here on Thursday that despite commodity price shocks in the international market, the economy of the country would grow by 4.5 percent to 5 percent during the current fiscal year and by 6 percent next year. “I am still hoping that it… Continue reading Economy to grow by 5% this year, 6% next year: Shaukat Tarin

PTI govt.’s 4th year to bring prosperity: Qureshi

ISLAMABAD, Jan 21 (APP): Foreign Minister Shah Mahmood Qureshi on Friday expressed confidence that the fourth year of the Pakistan Tehreek-e-Insaf government would prove to be the year of national progress, prosperity and development as all economic indicators were moving in the right direction. Speaking in the National Assembly, he said, ”in first two years,… Continue reading PTI govt.’s 4th year to bring prosperity: Qureshi

Country’s economy grew by nearly 5% in 2020-21: Asad Umar

ISLAMABAD, Jan 11 (APP): Minister for Planning Commission Asad Umar on Tuesday said that the government was going to release final Gross Domestic Product (GDP) growth rate figures of the fiscal year 2020-21 later this month, according to which the economy grew by nearly 5% instead of the 4% showed in the provisional data. “The… Continue reading Country’s economy grew by nearly 5% in 2020-21: Asad Umar

Differences in Pakistan’s GDP growth rate projection, due to uncertainties amid COVID: WB

The projection gap of Pakistan’s Gross Domestic Product (GDP) growth rate for the fiscal year 2020-21 and 2021-22 between the World Bank and the Pakistan government is mainly due to uncertainties stemming out of the COVID pandemic, said Country Director World Bank for Pakistan, Najy Benhassine while talking to media here on Thursday, hoping that… Continue reading Differences in Pakistan’s GDP growth rate projection, due to uncertainties amid COVID: WB

Pakistan’s poverty rate to ease in FY22: World Bank

ISLAMABAD, Oct 8 (APP):The World Bank has projected Pakistan’s poverty rate to ease from current 4.8% to 4.4% in Fiscal year 2021-22 and 4.0% in next fiscal year (2022-23). The World Bank has set the extreme poverty line at $1.9 per person per day, however since 2017, the World Bank has also been reporting poverty… Continue reading Pakistan’s poverty rate to ease in FY22: World Bank

IMF endorses Pakistan’s real GDP growth of 3.9%

ISLAMABAD, Jul 27 (APP):The International Monetary Fund (IMF) endorsed on Tuesday the Pakistan’s real Gross Domestic Product (GDP) growth rate of 3.9%. In its World Economic Outlook report 2021 (Update), the IMF also acknowledged Pakistan’s robust economic performance and said that “Projections are revised up for the Middle East and Central Asia due to robust… Continue reading IMF endorses Pakistan’s real GDP growth of 3.9%

Govt sets 7% GDP growth target by 2023: Tarin

ISLAMABAD, Jun 15 (APP): Federal Minister for Finance and Revenue Shaukat Tarin Tuesday said the government would make all-out efforts to take the Gross Domestic Product (GDP) growth rate up to 7 percent by 2023. For the upcoming fiscal year, the GDP growth rate target was to 5 to 5.5 percent and by over 6… Continue reading Govt sets 7% GDP growth target by 2023: Tarin

Govt to unveil Economic Survey 2020-21 on Thursday

Economic Survey 2021-22 to be unveiled on Thursday

ISLAMABAD, Jun 9 (APP): The federal government will launch the pre-budget document, Economic Survey of Pakistan 2020-21 on Thursday with a higher GDP growth rate of 3.94 percent and positive performance of almost all the macro economic indicators during the year. The Survey is scheduled to be shared with media at a press conference here… Continue reading Govt to unveil Economic Survey 2020-21 on Thursday

NEC approves 4.8% GDP growth target for fiscal year 2021-22

ISLAMABAD, June 7 (APP): The National Economic Council (NEC) on Monday approved the Gross Domestic Product (GDP) growth projections for the financial year 2021-22 including the proposed growth target of 4.8%. The sectoral growth targets approved for the next fiscal included 3.5% for agriculture, 6.5 % for industrial sector, and 4.7 % for services sector.… Continue reading NEC approves 4.8% GDP growth target for fiscal year 2021-22

Pakistan stood second highest GDP growth in Saarc region in 2020-21

ISLAMABAD, Jun 2 (APP):Pakistan Tehreek-e-Insaf (PTI) Vice President, Fehmida Kausar Jamali on Wednesday said Pakistan stood second highest GDP growth of 4 per cent in South Asian Association for Regional Co-operation (SAARC) region for the year of 2020-21, compared to India’s -7.3 per cent GDP, Nepal -0.13, Srilanka -3.6 percent. Bangladesh stood first with the… Continue reading Pakistan stood second highest GDP growth in Saarc region in 2020-21

Kuwait ready to issue visas to Pakistanis for construction sector: Rashid

ISLAMABAD, Jun 01 (APP): Minister for Interior Sheikh Rashid Ahmed on Tuesday said Kuwait was ready to issue visas to Pakistanis in the construction sector. Addressing a press conference here, he said he had undertaken a successful visit of Kuwait on the directives of Prime Minister Imran Khan. After a lapse of around 11 years,… Continue reading Kuwait ready to issue visas to Pakistanis for construction sector: Rashid

With 4% GDP growth, Pakistan steered out of economic hardships: PM

ZIARAT, June 1 (APP): Prime Minister Imran Khan on Tuesday said that with Gross Domestic Product (GDP) growth estimated at around 4% during the current fiscal (2020-21), the country had been steered out of economic hardships and was set to achieve further growth in the coming year. “I have good news to share with you… Continue reading With 4% GDP growth, Pakistan steered out of economic hardships: PM

Asad optimistic of 5.8 percent GDP growth in FY 2022-23

ISLAMABAD, May 28 (APP): Federal Minister for Planning and Development and Special Initiatives Asad Umar on Friday expressed the optimism that Gross Domestic Products (GDP) growth in the final year of PTI Government would be 5.8 percent in Fiscal Year 2022-23, surpassing the figure of PML-N regime’s last year. He said that GDP growth so… Continue reading Asad optimistic of 5.8 percent GDP growth in FY 2022-23

APCC approves Rs 900 bn federal PSDP outlay, sets GDP growth rate target at 4.8%

ISLAMABAD, May 28 (APP):The Annual Plan Coordination Committee (APCC) Friday approved the federal Public Sector Development Programme (PSDP) outlay of Rs 900 billion, and set the Gross Domestic Product (GDP) growth rate target of 4.8 percent for the upcoming fiscal year 2021-22. “The size of federal PSDP for next year has been increased by 40… Continue reading APCC approves Rs 900 bn federal PSDP outlay, sets GDP growth rate target at 4.8%

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