ADB predicts 1.9% growth rate in FY2024

ISLAMABAD, Apr 11 (APP): Pakistan’s GDP growth forecast is rising and would reach to 1.9 percent during the fiscal year 2023-24, ending on June 2024, says Asia Development Bank (ADB) in its flagship Asian Development Outlook (ADO) released on Thursday. “In Pakistan, growth is forecast rising at 1.9% in FY2024 (ending on 30 June 2024)… Continue reading ADB predicts 1.9% growth rate in FY2024

Economy improving owing to govt’s prudent policies: Attaullah Tarar

Undeterred resolve – only way to end economic woes

Workers’ remittances record $2.2 bn inflow in September

Innovations, incentives direly needed to boost textile sector

Experts stresses to improve revenue generation, expenditure management

Tough measures helped Pakistan avert Sri Lanka-like situation: Miftah Ismail

Finance Minister, Miftah Imail in an interview with CNBC television channel

“There were serious worries about Pakistan heading Sri Lanka’s way and Pakistan getting into a default like situation but thankfully we made some significant changes…… I think we averted that situation,” the minister said in an interview with CNBC television channel. He said that the country was now in International Monetary Fund (IMF) programme while… Continue reading Tough measures helped Pakistan avert Sri Lanka-like situation: Miftah Ismail

Miftah berates PTI government for damaging economy

ISLAMABAD, Apr 12 (APP): Senior Leader of Pakistan Muslim League Nawaz (PML-N) Miftah Ismail here on Tuesday lamented that the country’s economy was badly damaged during the tenure of Pakistan Tehreek-e-Insaf (PTI) which had piled the budget deficit to the level of Rs 6400 billion. Addressing a press conference along with other PML-N leaders Musaddiq… Continue reading Miftah berates PTI government for damaging economy

Pakistan’s economy remains on path to ‘robust recovery’: UN report

UNITED NATIONS, Jan 14 (APP):Pakistan’s economy remains on a relatively “robust recovery path”, the United Nations has said in its flagship World Economic Situation and Prospects (WESP) report. “After an economic expansion of 4.5 per cent in 2021, GDP growth is projected at 3.9 per cent in 2022, driven by private consumption, record-high remittances and… Continue reading Pakistan’s economy remains on path to ‘robust recovery’: UN report

Industrial output posts 14.45% growth in November

ISLAMABAD, Jan 13 (APP):The output of Large Scale Manufacturing Industries (LSMI) in the country witnessed 14.46 percent growth during the month of November, 2020 as compared the corresponding month of last year. The domestic industrial output grew by 1.35 percent on month basis when it compared with the production of October 2020, according the provisional… Continue reading Industrial output posts 14.45% growth in November

Worker’s remittances surge 16.2% in December

ISLAMABAD, Jan 8 (APP):The workers’ remittances sent by the overseas Pakistanis surged by 16.2 percent to 2.44 billion in December 2020 against same month of last year when the remittances inflow was recorded at $2.1 billion. “Remittances from overseas Pakistanis rose further to $2.4 bln in December compared to December 2019 and 4.2 percent over… Continue reading Worker’s remittances surge 16.2% in December

Tag: Pakistan economy