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 forecast Pakistan’s economic growth to lessen further to 2 percent during the current year, down to the previous estimate of 3.5 percent, in wake of the massive floods and slowdown in global growth rate. According to the World Economic Outlook ...

KARACHI – The State Bank of Pakistan has revised annual growth forecasts to 3-4 percent for the current fiscal year. In the Annual Report, the central bank projects real Gross Domestic Product growth below the previously announced range for the current fiscal year, citing massive floods, and ...

ISLAMABAD: Pakistan’s goods and services trade with Bangladesh witnessed surplus of 43.14 percent during twelve months of fiscal year (FY22) as compared to the corresponding period of last year. The overall exports to Bangladesh were recorded at $870.604 million during July-June (2021-22) ...

ISLAMABAD: The export of Pakistani textile commodities surged by 25.5 per cent during the fiscal year 2021-22 (FY22) as compared to the preceding fiscal year. These exports were recorded at $19,329.9 million in July-June (2021-22) against the exports of $15,399m July-June (2020-21), showing ...

The Large Scale Manufacturing Industries (LSMI) output has registered a growth of 11.7 percent during July-May 2021-22 as compared to the same period of 2020-21, Pakistan Bureau of Statistics (PBS) said. According to the Provisional Quantum Index Numbers of Large Scale Manufacturing Industries ...

*ISLAMABAD: Pakistan’s GDP growth is unlikely to cross 3 percent in the next fiscal year (2022-23) due to contractionary monetary and fiscal policies under the International Monetary Fund (IMF) programme.* While talking to *Business Recorder*, former Finance Minister Dr Hafeez Pasha said the ...

To defuse the opponents’ propaganda against his poor governance as Prime Minister, Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has released a special ‘performance chart’ of his previous government on Twitter. According to the 24News HD TV channel, ousted Prime Minister Imran Khan ...

*ISLAMABAD: Pakistan’s exports to the seven regional countries witnessed an increase of 23.50 percent in first three quarters of fiscal year (2021-22), as compared to the corresponding quarters of last year.* The country’s exports to seven regional countries including Afghanistan, China, ...

Asian Development Bank (ADB) has predicted Pakistan’s growth rate in the current year to remain at 4 percent in its Asian Development Outlook (ADO) report. The report states that slower growth in the current fiscal year reflects the government reactivating its stabilization program under ...