growth
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‘Choose growth in 5G spectrum auction’ | The Express Tribune
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[ad_1] KARACHI: The Ministry of IT and Telecom has been committed to ensuring that the spectrum policy supports the versatile requirements of the growing Pakistani economy – from small businesses to freelancers; the internet is the engine that makes the world go round, says Parvez Iftikhar, a consultant for the Asian Development Bank and the…
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GDP growth to reach 2.8%, inflation to drop to 15% in FY25: ADB
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[ad_1] 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 the country’s gross domestic product (GDP) is expected to stand at 2.8% in FY2025 coupled with…
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Finmin Aurangzeb outlines Pakistan’s path to sustainable economic growth | The Express Tribune
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[ad_1] 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. He highlighted that despite the difficulties, significant progress has been made, particularly in terms…
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Digitisation to help achieve sustainable growth | The Express Tribune
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[ad_1] 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 of the task force on digitalisation of the FBR, held on Tuesday at the…
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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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[ad_1] 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 comes amidst a backdrop of sluggish global economic activity. According to Pakistan’s economic survey,…
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ADB raises Asia-Pacific growth forecast for 2024 to 5pc | The Express Tribune
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[ad_1] 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. The growth outlook for 2025 remains at 4.9 per cent. In its latest supplement…
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IEA sees slow growth in oil demand | The Express Tribune
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[ad_1] 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 in the second quarter rose by 710,000 bpd year on year in its lowest…
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Balancing growth with fiscal realities in budget 2024-25 | The Express Tribune
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[ad_1] 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 last-minute tweaks to appease coalition partners. Indeed, the budget poses a significant challenge for…
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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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Banks achieve 86% growth in profits | The Express Tribune
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[ad_1] 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 season in the country. The banks have managed to achieve a record high profit…
