ISLAMABAD — Pakistan’s economic growth rebounded to 3.9% in fiscal year (FY) 2021 (ending 30 June 2021) and is expected to reach 4.0% in FY2022 as business activity gradually resumes in the second year of the coronavirus disease (COVID-19) pandemic, the Asian Development Bank (ADB) said in ...

The economic momentum is expected to accelerate further during the financial year 2021-2022 increasing the pace of growth of the closing financial year due to the revival of business activities across the country. The optimistic outlook is thanks to the expanding vaccine roll-out and relatively ...

Iranians voted in a presidential election on Friday amid concerns over a low turnout with the conservative head of the judiciary, Ebrahim Raisi, widely seen as the frontrunner. Nearly 60 million eligible voters in Iran will decide the fate of four candidates in the fray to succeed President ...

ISLAMABAD – Federal Finance Minister Shaukat Tarin Thursday unveiled the Economic Survey of Pakistan 2020-21. Tarin, while speaking at the pre-budget 2021-22 press conference, said Pakistan will end this fiscal year with a surprise growth figure of 3.9 percent, beating several earlier ...

ISLAMABAD: Foreign Minister Shah Mahmood Qureshi has said that Pakistan has played a positive and constructive role in the Afghan peace process but the irresponsible statements of the Afghan National Security Adviser Hamdullah Mohib are really regrettable which only serve the interests of ...

ISLAMABAD - The basic model of the federal budget 2021-22 has been emerged on Thursday. According to the reports, the main targets of the budget strategy will be budget relief and investment. "Balance in food prices and increase in tax revenue are also important targets of the budget." It was ...

Pakistan’s consumer’s inflation(CPI)-based clocked in at 10.9 percent on a year-on-year basis in May 2021 compared to an increase of 11.1 percent in the previous month and 8.2 percent in May 2020, says the Pakistan Bureau of Statistics (PBS). According to the monthly review of price indices ...

Prime Minister Imran Khan said that he wants to assure people that Allah promises to make things easier after every difficulty and in difficult times, God wants us to be patient. While doing a live calls session, the Prime Minister said no government has ever faced as many problems as our ...

ISLAMABAD – International credit rating agency Moody’s has said in its report that Pakistan’s economy has the potential to grow at an annual rate of 4%. The Moody s report said that Pakistan s economy has the potential to grow at more than 4% per annum and the increase in LSM growth rate ...

Apparently, in agreement with the International Monetary Fund (IMF), the government is setting inflation, economic growth and fiscal and core deficit targets for the next financial year, following a change in the economic team and encouraging macroeconomic indicators. According to the report, a ...