The World Bank has revised its GDP growth projection for Pakistan in fiscal year 2023-24 (FY24) to 1.7 percent, down from its previous estimate of 2 percent. This adjustment is highlighted in the latest report titled 'Pakistan Development Update: Restoring Fiscal Sustainability.' The ...

Amid ongoing economic challenges, Indus Motors Company (IMC), the producer of Toyota vehicles in Pakistan, expressed confidence in the automotive industry's ability to overcome these hurdles. Emphasizing the importance of import substitution, IMC's CEO, Ali Asghar Jamali, stated that they ...

ISLAMABAD-President Dr. Arif Alvi, while underscoring the need for digital transformation of Pakistan, has said that the step would prove to be a major milestone towards the development of national economy. Chairing a meeting of the Committee on Emerging Technologies in Islamabad, he said the ...

ISLAMABAD: Following the downward trend in the auto sector, Indus Motor Company’s net sales turnover for the 1st quarter of the fiscal year 2019-20 (Q1FY20) decreased by 41pc to Rs20.7 billion as compared to the turnover of Rs34.9 billion in the same period of the last fiscal. The company’s ...

Prime Minister Imran Khan says the government is determined to overcome current economic challenges through peace oriented, investment friendly, development focused and people centered strategies. He was talking to Japanese Ambassador Kuninori Matsuda, who called on him in Islamabad on ...

MULTAN: Pakistan Tehreek-e-Insaf (PTI) senior leader Jehangir Khan Tareen has said that the government would overcome the economic challenges due to its effective policies. Talking to the media after attending the cotton crop management group meeting at the CCRI here on Friday, he said that the ...

KARACHI: Ambassador of Russia, Mr. Alexey Dedov has expressed Russian desire to enhance economic ties with Pakistan. He called on Governor Sindh Imran Ismail at Governor’s House here on Friday. The Consul General of Russia Dr. Aleksandar Khozin was also present on the occasion. The ...

President Lahore Chamber of Commerce and Industry Almas Hyder has urged the business community to take corrective measures to face the challenging business environment. Addressing a delegation of Traders Association in Lahore, he said that challenging economic scenario has compelled the government ...

*WASHINGTON - The United States has held huge Chinese loans and debts responsible for debt burden and economic challenges for Pakistan.* *US has said that the huge Chinese debt responsible for the economic challenges in Pakistan.* *US further said that it will review government's bailout plea ...

*ISLAMABAD: *The robust economic growth of 5.8 per cent in Pakistan, the highest in 13 years, is credited to an uptick in industry, better agricultural crops and an expanding services sector. However, with the new government considering policy options to implement its economic and social agenda, ...