growth
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Sri Lanka’s growth trajectory: some policy lessons | The Express Tribune
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[ad_1] LONDON: Sri Lanka achieved the upper middle-income status from the World Bank in July 2019. It was an excellent achievement for the country. The economy secured a sustainable growth rate of around 5.5% on average from 2003 to 2019. It was expected that in 2034, the country would achieve a higher income status. However,…
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Sustainable growth eludes country | The Express Tribune
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[ad_1] ISLAMABAD: In a stark warning to all the vested interest groups that have over the years brought Pakistan to its knees, Deputy Finance Minister Dr Ayesha Pasha declared on Wednesday that the country would not be the same “if we do not urgently change our course”. The warning came amid increasing competition among all…
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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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Stock markets retreat on weak global growth worries
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[ad_1] — AFP/File LONDON: Stock markets retreated Tuesday on renewed concerns over weak global growth, with a profit warning from the owner of Snapchat spooking investors and further shocking the tech sector. It comes amid concerns over the impact of China’s Covid-19 restrictions on the world’s second-largest economy after the United States. Monday’s strong Wall…
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IT export growth needs policy continuity, incentives | The Express Tribune
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[ad_1] KARACHI: Experts believe that the growth in information technology (IT) exports needs the continuity of policy and incentives. Pakistan’s IT exports surged to over $2 billion in the first 10 months of current fiscal year 2021-22 – the highest-ever export number for the said period. According to the State Bank of Pakistan’s (SBP) data,…
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With 6% growth rate, Pakistan’s economic size jumps to $383b | The Express Tribune
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[ad_1] ISLAMABAD: Fueled by imports and consumption, Pakistan’s economic growth rate accelerated to 6% during the last year of Imran Khan’s government – the highest pace in four years – helping to increase the size of the nation’s economy to $383 billion besides jacking up per-capita income. The provisional Gross Domestic Product (GDP) growth rate…
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GDP growth to range from 4.5-5.5% | The Express Tribune
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[ad_1] ISLAMABAD: Days before a scheduled meeting to approve the outgoing fiscal year’s economic growth rate, contradictory estimates are being made about the total national output, indicating a growth range of 4.5% to 5.5% amid claims that the Pakistan Bureau of Statistics (PBS) is being asked to adopt a conservative approach. Sources told The Express…
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Factory output growth stalls | The Express Tribune
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[ad_1] LONDON: Eurozone manufacturing output growth stalled last month as factories struggled to source raw materials while demand took a knock from steep price increases and fears about the economic outlook, a survey showed. Russia’s invasion of Ukraine, coupled with renewed Covid-19 related lockdowns in China, has exacerbated supply chain bottlenecks and left factories struggling…
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Oil falls on China growth worries | The Express Tribune
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[ad_1] LONDON: Oil prices fell on Monday as concerns over weak economic growth in China, the world’s top oil importer, overshadowed fears supply might be crimped by a potential European Union ban on Russian crude. Brent crude futures were down $3.23, or 3%, to $103.91 a barrel at 1236 GMT, while US West Texas Intermediate…
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US natural gas output growth wanes | The Express Tribune
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[ad_1] WASHINGTON: US natural gas production growth is waning at the same time many countries are looking for new suppliers to help break their dependence on Russian gas after Moscow’s invasion of Ukraine. The United States is already the world’s largest producer of natural gas. But the two mainstays of production – the Appalachian region…
