Tag: GDP
-
Pakistan’s GDP projected to climb by 5-6 per cent in FY 22-23
Finance Minister Miftah Ismail forecasted that Pakistan’s GDP would expand by 5 per cent to 6 per cent, and that the government would keep inflation under control, while speaking at the pre-budget conference on Tuesday, June 7. The Finance minister expressed his ‘high confidence’ in the agreement with the International Monetary Fund (IMF) and revealed…
-
Finance Ministry warns public of further increase in inflation
The Finance Ministry of Pakistan has warned the public that the exchange rate, commodity supplies, and seasonality could increase the prices and transportation costs in the country, reports Dawn. The fiscal deficit in July-August was recorded at 0.9 per cent of the Gross Domestic Product (GDP), same as the previous year. Economic Adviser’s Wing of…
-
Shaukat Tarin presents the Pakistan Economic Survey 2020-21
Finance Minister Shaukat Tarin presented the Pakistan Economic Survey 2020-21 at a press conference in Islamabad on Thursday. However, the document did not have the latest figures on poverty and unemployment. Tarin revealed that the industrial and services sectors had helped the country post-Gross Domestic Product growth of 3.94 per cent in the first nine…
-
PTI fudging economic figures, claims PML-N
A pre-budget seminar was organised by the Pakistan Muslim League-Nawaz (PML-N) on June 3 in Islamabad. The seminar was organised by the Economic Advisory Council of the PML-N on the direction of party president Shehbaz Sharif. Titled ‘Economy sinking under Imran Khan’s government’, the seminar discussed all the economic issues before the upcoming budget. The…
-
First two years of PTI: Lowest development spending in decade, 46% increase in per capita debt
The per capita debt of Pakistan has jumped to Rs175,000 at the end of last fiscal year — a 46 per cent increase within two years, the Ministry of Finance told the National Assembly. In the Fiscal Policy Statement of 2020-21, the finance ministry admitted that the government violated the Fiscal Responsibility and Debt Limitation…
-
GDP growth in 2021: Pakistan likely at par with Nigeria at 1.5%; India at 11.5%, China at 8.1%
The International Monetary Fund (IMF) has raised its forecast for global economic growth in 2021 but warned that there was still “extraordinary uncertainty” about the outlook. According to the latest World Economic Outlook forecast, the IMF projects global growth at 5.5%, which is higher than their previous forecast in October. Global growth will moderate to 4.2%…
-
E-commerce can create two million jobs and boost GDP up to $40 billion in Pakistan
E-commerce in Pakistan has the potential to create two million jobs and it can boost the country’s Gross Domestic Product (GDP) up to the level of $40 billion in the next couple of years. President of Rawalpindi Chamber of Commerce and Industry (RCCI) Saboor Malik, stated that transformation is required in the Information, Communications, and…
-
Pakistan ranks 76th on ‘Inclusive Internet Index 2020’
Pakistan ranks 76th out of 100 countries on the inclusive internet index 2020 released by the Economist Intelligence Unit (EIU), reported DAWN. The ‘Inclusive Internet Index’ place countries on the availability, affordability, relevance and the readiness of masses to use it. This annual report is generated by Facebook. READ MORE: US firm helps Modi govt…