economic
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Aurangzeb unveils economic plan | The Express Tribune
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[ad_1] WASHINGTON: Federal Minister for Finance and Revenue Muhammad Aurangzeb, leading a Pakistani delegation at the International Monetary Fund (IMF) and World Bank 2024 Spring Meetings in Washington DC, on Tuesday highlighted the country’s roadmap to address economic challenges and propel the economy toward sustainable growth. During an interactive session with the Atlantic Council’s Geo-Economics…
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‘Political unrest’ a hurdle to economic stability: ADB
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[ad_1] A street vendor sells dried fruits at a market in Karachi. — AFP/File ISLAMABAD: As Pakistan struggles to tackle prevailing dire economic circumstances, the Asian Development Bank (ADB) Thursday underscored political unrest, devastating floods and government failure to adhere to key policies as the primary hurdles preventing Pakistan’s progress and growth. In its annual Asian…
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World Bank projects Pakistan’s economic growth at just 1.8% in FY24
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[ad_1] An undated image of World Bank Headquarters in Washington DC. — AFP With nearly 40% of Pakistan’s population slipped below the poverty line amid skyrocketing inflation, the World Bank (WB) on Tuesday projected cash-strapped nation’s economy to grow by only 1.8% in the current fiscal year ending June 2024. According to World Bank’s latest…
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PM Shehbaz shares 5-year economic uplift programme with ministries
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[ad_1] Prime Minister Shehbaz Sharif chairs a meeting of the federal cabinet in Islamabad on March 20, 2024. — Prime Minister’s Office Prime Minister Shehbaz Sharif on Saturday shared his five-year economic roadmap with ministries and urged the members of the federal cabinet to immediately commence work towards achieving the targets set in the plan.…
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Pakistanis drink tea worth over $436m in 8 months amid economic crisis
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[ad_1] A vendor preparing tea for his customers in a local hotel in Islamabad. — APP ISLAMABAD: Pakistan spent a mammoth amount of over $436 million on tea imports during the first 8 months of the current financial year which grew by 10.13% compared to the corresponding period of the previous year. During the period…
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Gauging caretaker govt’s economic impact | The Express Tribune
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[ad_1] KARACHI: Election fever has receded now as two-family dynasties take control of the new government. What happens to economic policymaking remains to be seen until the announcement of the finance minister, energy/power minister, the International Monetary Fund (IMF)’s new programme and the budget announcement(s). The ever-empowered outgoing caretakers did take good care of the…
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Economic revival likely post-polls | The Express Tribune
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[ad_1] LAHORE: As Pakistan heads towards general elections, a ray of hope is emerging among the public and business community. Nearly every individual, no matter rich or poor, businessman or economist, job-seeker or job-holder, is pinning hopes on the upcoming government, believing it will be able to improve the economy and make a sizable reduction…
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Pakistan’s mobile industry produces 84.4m devices defying economic woes
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[ad_1] A representational image of a mobile shop in Pakistan. — AFP/File Despite worrying economic indicators and financial woes that have gripped Pakistan, the country’s mobile industry has managed to defy the odds stacked against it by producing an impressive 84.4 million mobile devices between January 2019 and September 2023. The revelation, made in a Pakistan…
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Inflation to stay at 28.5% despite ‘economic stabilisation’ | The Express Tribune
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[ad_1] ISLAMABAD: Two days after the central bank elevated its inflation forecast, the federal government on Wednesday significantly upwardly revised its projection, stating that inflation may remain around 28.5% in January due to food supply shocks. In its flagship monthly economic outlook report, the finance ministry anticipates inflation to be around 27.5%-28.5% in January, a…
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Imran Khan top pick for Pakistan’s economic revival: Bloomberg Survey
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[ad_1] (From left) PML-N supremo Nawaz Sharif, PTI founder Imran Khan and PPP Chairman Bilawal Bhutto-Zardari. — AFP/X/@ForeignOfficePk/File Pakistan’s top economic minds have placed their bets on former prime minister Imran Khan to steer the country out of the economic crisis after undertaking reforms, according to a Bloomberg survey. The Pakistan Tehreek-e-Insaf (PTI) founder, who…
