The report finds that these economies are poorer today on average than on the eve of the COVID-19 pandemic, even as the rest of the world has largely recovered from COVID and resumed its growth trajectory. Released a week before World Bank and International Monetary Fund annual meetings get underway in Washington, the report confirms […]
According to the report, the debt volume is expected to decrease from 77% to 70% of the country’s GDP. The report also states that 62% of Pakistan’s revenue will be spent on debt repayment in the current fiscal year. Additionally, the report predicts that inflation will remain high in Pakistan in the current fiscal year. […]
The survey was conducted across Pakistan during March-April 2024. According to the OICCI, The Business Confidence Index has shown some positive signs of economic recovery, rising to negative 14% in March-April 2024 from negative 18% in the previous survey of October- November 2023. Going forward, the anticipation of rising inflation, high taxation, and inconsistent government […]
The consumer price index (CPI) rose by 0.3 percent year-on-year in April, staying in positive territory for the third straight month, according to the National Bureau of Statistics (NBS). The figure was higher than the 0.2 percent rise forecast by Bloomberg analysts and up from a 0.1 percent increase last month. “In April, household consumption […]
The past three years of the present Government have faced numerous economic challenges; aggravated by the Covid 19 Pandemic; the Government so far has successfully progressed from retrieval and maintenance for sustainable growth as mentioned in Budget 2021-22. The Annual Plan Coordination Committee (APCC) has approved the federal Public Sector Development Program (PSDP) outlay of […]
Pakistan’s economy is showing signs of revival after being low for two years. Also, the evidence is early and this are not like the roar of an awakened lion; more the cooing of a bird that senses some mitigation in predatory circumstances. Also, the government of Imran Khan expects the real estate boom; to rev […]
Pakistan said on Friday its economy was on course to grow 3.94 per cent in the financial year 2020-2021 that ends in June; almost double the International Monetary Fund (IMF) and World Bank’s projections; as it recovers from the worst of the pandemic. The planning ministry said its provisional estimate – up from Pakistan’s last […]
Prime Minister Imran Khan recently expressed surprise at how difficult governing has been. He knows better than to pretend that he was surprised. The single most important characteristic he has sought in his political proxies and partners is the capacity to shout down, harass, abuse, and tar and feather those that dare warn Pakistanis about […]
The country’s current account witnessed a surplus for the fourth consecutive month in October, rising to $382 million or 1.6 percent of the gross domestic product (GDP), data released by the State Bank of Pakistan (SBP). Compared to the same month last year, the surplus witnessed an increase of 423pc from $73m, while on a […]
