growth
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‘Investment in transport linked to growth’ | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan has taken several transportation initiatives during the past decade including Lahore Orange Line, Karachi Green Line and Peshawar Bus Rapid Transit. In this regard, the Karachi Circular Railways (KCR) was also approved recently. This was stated by Planning Commission Deputy Chairman Mohammad Jehanzeb Khan at Asia and Pacific Transport Forum 2022, organised…
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Women participation to enhance economic growth | The Express Tribune
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[ad_1] KARACHI: Neglecting women empowerment and their participation in the job market is not conducive for the economy or businesses of Pakistan, said the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Irfan Iqbal Sheikh. Speaking to a delegation of women entrepreneurs on Saturday, he said that women made up 52% of Pakistan’s…
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Govt foresees 5% GDP growth in FY22 | The Express Tribune
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[ad_1] KARACHI: Inflation has become a global challenge and the US, UK, European Union and all emerging markets are currently facing the highest inflation in the last three decades, said the Finance Division while responding to criticism over the state of Pakistan’s economy. “Pakistan’s economy is also facing inflation headwinds due to record high international…
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Baqir lauds growth of housing finance | The Express Tribune
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[ad_1] KARACHI: The number of applications for financing under the Mera Pakistan Mera Ghar scheme and their approvals are consistently on the rise and banks are green lighting over Rs4.5 billion and disbursing around Rs2.3 billion every week, said State Bank of Pakistan Governor Reza Baqir. He was speaking at an awareness drive of the…
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Auto industry projects rapid growth | The Express Tribune
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[ad_1] ISLAMABAD: The automobile companies of Pakistan have projected sharp growth owing to reduction in age of earning in Pakistan on the back of rapid digitalisation. “On average, the first paycheck was received by the previous generation at the age of 27 but now, the threshold has declined to 21 years, thanks to the opportunities…
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Islamic banks witness rapid growth | The Express Tribune
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[ad_1] KARACHI: The Shariah-compliant banks in Pakistan are growing at a rapid pace compared to conventional counterparts as a strong preference for “markup-free banking” has emerged among the people and businessmen of Pakistan. “The deposits of Islamic banks have grown at 10-year CAGR (compound average growth rate) of 23% outpacing growth in conventional deposits (10…
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World Bank does not verify growth | The Express Tribune
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[ad_1] ISLAMABAD: Contrary to the claims made by Prime Minister Imran Khan and his cabinet ministers, the World Bank has not verified the 5.6% provisional economic growth rate for Pakistan for the previous fiscal year. Pakistani authorities are misstating the facts by repeatedly claiming that the World Bank has endorsed the provisional gross domestic product…
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‘Long-term policies to steer sustainable growth’ | The Express Tribune
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[ad_1] LAHORE: The incentives announced by Prime Minister Imran Khan under the industrial package will provide impetus to economic growth and lead the country towards economic prosperity, said Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar. Addressing a ceremony at the Governor House on Tuesday, he said that enhancing manufacturing base was vital to…
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E-payments show robust growth | The Express Tribune
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[ad_1] KARACHI: After receiving a boost in the wake of Covid-19 lockdowns, the uptrend in digital payments continued as Pakistan recorded a robust increase in the number of electronic transactions in the first quarter of fiscal year 2021-22. According to the State Bank of Pakistan’s (SBP) Payment Systems Review released on Monday, e-banking continued to…
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India growth slows, govt cuts forecasts | The Express Tribune
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[ad_1] MUMBAI: India’s growth rate slowed further in the last three months of 2021, the National Statistics Office (NSO) said on Monday as it cut its forecast for the current financial year in the face of higher oil prices and geopolitical tensions. Asia’s third-largest economy grew 5.4% year-on-year in the October to December period, NSO…
