*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 ...

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 ...

ISLAMABAD – Pakistan has revised up its economic growth rate for the previous fiscal year 2020-21 to 5.37 percent from 3.9pc, Planning and Development Minister Asad Umar announced on Thursday. In a tweet, Umar said that the National Accounts Committee (NAC) had approved the revised estimate of ...

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 ...

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Sunday said that GDP growth at 3.94 percent during the current fiscal year (2020-21) was calculated in a transparent manner, predicting that the economy – based on the current trend – would grow by five percent in 2021-22 and ...

The International Monetary Fund (IMF) has projected GDP growth rate of Pakistan at 1.5 per cent for the current fiscal year 2020-21. According to the media reports, the projection of the international body was made after comparing the negative growth of 0.4 per cent for the fiscal year 2019-2020 ...

NEW DELHI - India's central bank on Wednesday cut interest rates for the fourth time this year and slashed growth forecasts as New Delhi battles a sluggish economy and high unemployment. The Reserve Bank of India (RBI) said the benchmark repo rate -- the level at which it lends to commercial ...

ISTANBUL: Turkey’s economy is expected to contract in 2019 for the first time in a decade and to see only modest growth in the following two years, a Reuters poll showed on Wednesday. The poll of more than 40 economists showed the Turkish economy shrinking 1.5% this year, according to the ...