growth
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Businessmen frame growth, export-oriented plan | The Express Tribune
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[ad_1] ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s United Business Group (UBG) on Monday submitted a set of 40 growth and export-oriented proposals to the federal government, aimed at accelerating the pace of trade activities besides restoring the confidence of foreign and domestic investors with a basket of incentives. Chairing the…
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Govt signals growth slowdown | The Express Tribune
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[ad_1] ISLAMABAD: The Ministry of Finance said on Friday that economic growth was slowing down to 4%, as the economy confronted inflation risks and external sector pressures, endorsing the viewpoint that had long been held by the international lenders. In its monthly Economic Outlook for April, the economic advisory wing of the finance ministry also…
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Moderate growth and high deficit | The Express Tribune
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[ad_1] ISLAMABAD: A combination of domestic and external factors has pushed the economy into hot waters. In terms of some key economic indicators, the economy is in a similar situation as left by the PML-N government in 2018 – a moderate growth rate accompanied by high external and fiscal deficits. FY18 had closed with trade…
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IMF cuts global growth forecast | The Express Tribune
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[ad_1] WASHINGTON: The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, citing Russia’s war in Ukraine, and warning that inflation was now a “clear and present danger” for many countries. The war is expected to slow growth and further increase inflation, the IMF said in…
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Private sector borrowing sustains growth | The Express Tribune
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[ad_1] KARACHI: The loans given by the commercial banks to the private sector maintained growth momentum as some new sectors like leather, electric and electronics goods also enhanced borrowing after quite a long time in March which was the last month of the ousted Pakistan Tehreek-e-Insaf government in the centre. Besides, car financing geared up…
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Virus resurgence threatens China’s growth | The Express Tribune
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[ad_1] BEIJING: The mounting cost of China’s zero-Covid policy threatens to derail Beijing’s ambitious GDP target, analysts say, as supply chains snarl, ports face delays and Shanghai remains mired in lockdown. Growth in the world’s second-largest economy was already slowing in the latter half of last year with a property market slump and regulatory crackdowns,…
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E-banking shows rapid growth in Q2 | The Express Tribune
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[ad_1] KARACHI: The use of electronic banking (e-banking) in Pakistan continued to expand as it recorded a growth of 10.7% in volume and 22.8% in value of transactions during the second quarter (October-December) of fiscal year 2021-22 on a quarter-on-quarter basis. In its second quarterly report on payment systems for fiscal year 2021-22 released on…
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Crises slowing economic growth worldwide: IMF | The Express Tribune
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[ad_1] WASHINGTON: The war in Ukraine has undercut the global recovery, slowing expected economic growth in most countries in the world, IMF Managing Director Kristalina Georgieva said on Thursday. Beyond the humanitarian tragedy and economic crises, the war has exposed fractures in the international system at a time when global cooperation is the only solution,…
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Traders urge govt to prioritise sustained growth | The Express Tribune
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[ad_1] ISLAMABAD/FAISALABAD: Sustained economic growth should be the top priority of the government and Prime Minister Shehbaz Sharif should achieve this objective by translating his idea of the charter of economy into practical terms, said Faisalabad Chamber of Commerce and Industry (FCCI) President Atif Munir Sheikh. Speaking to APP on Thursday, Sheikh stated that “our…
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Beaten-down growth stocks turn alluring for investors | The Express Tribune
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[ad_1] NEW YORK: Some investors are looking for bargains in beaten-down growth and tech stocks, betting they will shine as the Federal Reserve fights to slow the US economy and tame redhot inflation. Growth stocks – which have trounced their valued-focused peers over the last decade – have borne the brunt of the Federal Reserve’s…
