In Karachi, a study report titled "Realizing the Promise of Responsible Digital Payments for Merchants in Pakistan," prepared by the "Better Than Cash Alliance," has indicated that widespread adoption of digital payments across Pakistan by 2025 has the potential to boost the gross domestic product ...

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 ...

ISLAMABAD – The International Monetary Fund has placed Pakistan at the 180th spot out of 190 countries in terms of the ratio of fiscal revenue to GDP. The South Asian country, which is facing economic woes due to depleting foreign exchange reserves, has fiscal revenue to GDP ratio at 12.1 ...

In terms of the percentage of the GDP٫ it has been projected that Pakistan overall budget deficit will be narrowed to 5.8 percent from 6.3 percent of the GDP. It is pertinent to mention here that the previous government had rebased the size of the economy from Rs. 53,867 billion to Rs. 63,978 ...

ISLAMABAD: Public debt, as a percentage of Gross Domestic Product (GDP), decreased to 72 percent during the fiscal year 2021, from 76.6 percent in FY 2020, finance ministry said here Friday while rebutting an article published in a section of press. According to the latest published data, public ...

KARACHI: The State Bank of Pakistan (SBP) has projected the real GDP growth at 4 per cent to 5 per cent for the current fiscal year, as per the actual target set for the fiscal year. However, the current account deficit has been projected at up to 3 per cent of the GDP as against the ...

KARACHI – The International Monetary Fund (IMF) Tuesday projected real Gross Domestic Product (GDP) to grow by 4.0 percent in the current fiscal year (2021-22) while the current account deficit was projected at 3.1% of the GDP or over $10 billion. In its World Economic Outlook (WEO) October ...

WASHINGTON – The World Bank (WB) has lowered Pakistan’s GDP growth prospects to 3.4% for the current fiscal year as the government refocuses on mitigating external pressures and managing long-standing fiscal challenges. The World Bank issued its twice-yearly report South Asia Economic ...

Finance Minister Shaukat Tarin chaired the second meeting of the Economic Advisor Council in Islamabad today (Tuesday). Speaking on the occasion, he said the ultimate goal of these consultative meetings is to spur growth and take it to around 6-7 percent in a couple of years to make Pakistan a ...

*ISLAMABAD: Federal Minister for Planning and Development Asad Umar on Friday said that a GDP growth of 4.8 percent has been approved by the federal government for the next fiscal year. * He said this during his visit to the Islamabad Chamber of Commerce today as the government announced that it ...