economy
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An economy losing steam | The Express Tribune
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[ad_1] ISLAMABAD: As the Economic Survey 2021-22 indicates, we should celebrate a respectable growth rate of 5.97%, a rise in exports by 27.8% and an increase in tax collection by 28.1%. These numbers mask three important facts. First, the growth rate has, once again, brought us to an unsustainable current account deficit, thus subjecting us…
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Ecnomic Survey 2021-22: Pakistan’s economy grew 6%, says Finance Minister Miftah Ismail
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[ad_1] (L to R) Power Minister Khurram Dastagir, State Minister for Finance Ayesha Ghous Pasha, Finance Minister Miftah Ismail and Planning Minister Ahsan Iqbal, Finance Secretary Hamed Yaqoob Sheikh and Economic Adviser Dr Imtiaz Ahmad unveil the Pakistan Economic Survey. Photo: Ministry of Finance ISLAMABAD: Finance Minister Miftah Ismail on Thursday unveiled the Economic Survey…
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Shadow economy accounts for 40% of GDP | The Express Tribune
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[ad_1] LAHORE: Pakistan is facing tough economic challenges and its key concerns are the external deficit and the mounting debt, which are pushing the country towards a deep financial crisis. A major task for the government is to stabilise the dwindling foreign exchange reserves as well as provide resources for development work and ensure relief…
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‘EVs to adversely impact economy’ | The Express Tribune
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[ad_1] ISLAMABAD: The promotion of electric vehicles (EVs) will have a negative impact on the local auto industry and the national economy, remarked Indus Motor Company (IMC) Chief Executive Officer Ali Asghar Jamali. In a statement issued on Tuesday, the IMC chief said that hybrid electric vehicles (HEVs) were an immediate solution, as they consume…
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Economy may not sustain 6% growth in FY23 | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s economy faces strong headwinds and may not sustain 6% economic growth in the next fiscal year, as it is caught in a vicious cycle of inflation and currency depreciation, said the Ministry of Finance on Saturday. The monthly Economic Outlook, which marks a departure from the previous edition, raised many red flags…
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‘Fragile economy cannot afford political turmoil’ | The Express Tribune
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[ad_1] ISLAMABAD: The country’s fragile economy is not in a position to bear the brunt of prolonged political turmoil at this crucial juncture, cautioned Saarc Chamber of Commerce and Industry (SCCI) President Iftikhar Ali Malik. His comments came while talking to a delegation of progressive educated women on Wednesday. He lamented that the political turmoil…
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Experts raise red flag for economy | The Express Tribune
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[ad_1] KARACHI: Pakistan is slowly and gradually heading towards Sri Lanka-like crisis situation due to the worsening domestic political and economic situation, which can be turned around through political dialogue and prudent economic policies. “We are at a distance of 30-35 days from Sri Lanka’s (crisis-like situation),” Exchange Companies Association of Pakistan (ECAP) General Secretary…
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Investors feared to lose interest in economy | The Express Tribune
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[ad_1] ISLAMABAD: Businessmen have called on the government to take urgent measures for fixing the economy as the major economic indicators are not showing encouraging trends due to which investors can lose interest in the economy. They pointed out that the benchmark KSE-100 index of Pakistan Stock Exchange shed 1,447 points in a day while…
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Xi warms up China’s economy, but virus narrows options
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[ad_1] Chinese President Xi Jinping. Photo: AFP/file BEIJING: President Xi Jinping has offered state backing for tech, infrastructure and jobs to revive China’s economy, but analysts warn growth will continue to wilt until Beijing drops its rigid virus controls. Two and a half years since the coronavirus first emerged in Wuhan, China is the…
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Economy to face further pressure | The Express Tribune
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[ad_1] KARACHI: Pakistan’s economy and capital markets are expected to face mounting pressure when the country returns to work from Eid holidays on Friday in the wake of an aggressive hike in the benchmark interest rate by the US Fed and a rebound in international oil prices during the long break. Besides, the government has…
