Tag: GDP
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Ghar ki murghi, sona barabar; chicken at all time high prices
Prices of chicken have skyrocketed in the past days in Pakistan, rising by Rs. 200 per kilogram to reach Rs 697 per kg, reports Bol News. Prices in Gujranwala have begun selling chicken at will, disregarding the official government rate of Rs 680 per kg, Samaa has reported. Like other cities in the country, in…
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Pakistan moves forward with budget planning despite delayed IMF programme
The government is expected to present an overall budget deficit of 5.1 per cent of the GDP for the fiscal year 2023-24, as stated in the delayed Budget Strategy Paper (BSP) to be presented before the federal cabinet. A recent report by The News highlighted that the paper will be tabled amid the government’s failure…
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Ishaq Dar says Pakistan’s foreign exchange reserves will strengthen soon
Pakistan’s foreign exchange reserves, which currently stand at $10 billion, will strengthen very soon, according to Finance Minister Ishaq Dar.
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Pakistan’s GDP growth expected to remain below 3–4% in FY23: SBP
In its annual economic health report released on Wednesday, the State Bank of Pakistan (SBP) slashed its predicted GDP growth from the previously disclosed range of 3–4 per cent for the current fiscal year, citing flood-induced destruction and the stabilisation policy as important contributors.
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Bangladesh’s GDP is expected to reach $1 trillion by 2040 due to a fast-growing consumer market
Bangladesh is on track to have a $1 trillion economy by 2040, owing to consumer confidence, innovation in growing economic sectors, and a young, energetic workforce. According to a Boston Consulting Group (BCG) analysis released on Friday, the South Asian country has beaten rivals including India, Indonesia, Vietnam, Philippines, and Thailand with average annual growth…
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IMF expects Pakistan’s govt gross debt to decline by 6.7%
According to projections made by the International Monetary Fund (IMF), Pakistan’s government gross debt will decrease from 77.8 per cent of GDP in 2022 to 71.1 per cent in 2023. The predictions for Pakistan’s fiscal year 2022–2023, however, are made using data as of the end of August 2022 and do not take the current…
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Pakistan’s GDP likely to decrease to 2% in FY23 as flood damage may cost $30 billion
Syed Zafar Ali Shah, Secretary of the Ministry of Planning, Development, and Special Initiatives, stated on Thursday that a preliminary estimate indicated that the GDP growth rate may remain at two percent in the current fiscal year and that the estimated cost of damage repair, including reconstruction, may be $30 billion as a result of…
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India beats UK to become fifth-largest economy in the world
India has surpassed the United Kingdom to take over as the world’s fifth-largest economy. The country was ranked as having the fifth-largest economy after outperforming England in the first three months of 2021. The UK has moved up to the sixth spot from where it was rated during the 2019 fiscal year. According to a…
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IMF report exposes incorrect PTI policies that led to rupee’s devaluation
The International Monetary Fund (IMF) has issued its country report for Pakistan, exposing erroneous policies implemented by the PTI administration that, according to the Fund, undermined the country’s currency reserves and led to the rupee’s devaluation. The study also discloses what the present administration, led by the PML-N, has promised the international lender, according to…
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ADB projects Pakistan’s economy to ‘recover slightly’ in FY23
In FY2023, Pakistan’s Gross Domestic Product (GDP) growth is expected to modestly improve due to structural changes, according to the Asian Development Bank (ADB). According to the bank’s most recent Asian Development Outlook Supplement, Pakistan’s GDP growth is predicted to decrease in FY22 (which ends on June 30, 2022), as a result of fiscal tightening…