growth
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GDP growth to reach 2.8%, inflation to drop to 15% in FY25: ADB
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A labourer bends over as he carries packs of textile fabric on his back to deliver to a nearby shop in a market in Karachi on June 24, 2022. — Reuters ISLAMABAD: The Asian Development Bank on Wednesday said that…
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Finmin Aurangzeb outlines Pakistan’s path to sustainable economic growth | The Express Tribune
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Pakistan’s Finance Minister Muhammad Aurangzeb has reaffirmed the government’s commitment to steering the economy toward stability and sustainable growth. Speaking at a recent media briefing, Aurangzeb addressed the country’s ongoing economic challenges and the efforts being made to overcome them….
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Digitisation to help achieve sustainable growth | The Express Tribune
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ISLAMABAD: Minister of State for Finance and Revenue Ali Pervez Malik has stressed that if the country needs to achieve a more inclusive and sustainable growth, then end-to-end-digitisation of the Federal Board of Revenue (FBR) is imperative. Chairing first meeting…
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IMF forecasts 3.5% growth for Pakistan in FY25, slightly below govt’s target | The Express Tribune
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ISLAMABAD: The International Monetary Fund (IMF) has forecasted that Pakistan’s economy will grow by 3.5% in the fiscal year 2024-25 (FY25). This projection falls slightly below the Pakistani government’s target of 3.6%, which was announced in the latest budget, and…
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ADB raises Asia-Pacific growth forecast for 2024 to 5pc | The Express Tribune
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MANILA: The Asian Development Bank (ADB) on Wednesday slightly raised its 2024 growth forecast for developing Asia and the Pacific to 5 per cent from 4.9 per cent, reflecting the region’s accelerated growth in the first quarter of this year….
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IEA sees slow growth in oil demand | The Express Tribune
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LONDON: Global oil demand growth will slow to just under a million barrels per day (bpd) this year and next, the International Energy Agency (IEA) said, as Chinese consumption contracted in the second quarter due to economic problems. Global demand…
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Balancing growth with fiscal realities in budget 2024-25 | The Express Tribune
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KARACHI: The real task of budget makers was to present policy prescriptions that adhere to the broader contours of the International Monetary Fund (IMF). Apparently, the IMF has given a green signal, and the budget is good to go, pending…
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World Bank projects Pakistan’s economic growth at just 1.8% in FY24
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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…
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Banks achieve 86% growth in profits | The Express Tribune
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KARACHI: Pakistan’s banks listed on the stock market have reported an outstanding growth of 86% in their net profit in the year ended December 2023, boosting total earnings to a record high of Rs572 billion amid a higher interest rate…
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Abu Dhabi-owned firm eyes growth | The Express Tribune
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SAO PAULO: Abu Dhabi-controlled fresh food producer Unifrutti is expanding its footprint in Latin America with two acquisitions in Peru, building on a previous purchase in the region as the firm eyes continued growth in the fruit market. The company…
