growth
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Envoy lauds growth in Pakistan, Indonesia trade | The Express Tribune
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[ad_1] KARACHI: The value of bilateral trade between Indonesia and Pakistan soared to a record level of $3.9 billion in 2021 despite the outbreak of Covid-19 pandemic, revealed Indonesian Consul-General in Karachi Dr June Kuncoro Hadiningrat. Speaking at a business-to-business hybrid meeting organised by Indonesian Consulate General in Karachi at a local hotel on Saturday,…
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6% growth rate by 2025 targeted | The Express Tribune
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[ad_1] ISLAMABAD: The government has finalised a China-centric and tradable sectors-focused three-year economic growth strategy to achieve an average growth rate of 5.9% and per capita income of over $2,100 by 2025. The Planning Commission has shared the broader contours of the draft economic growth strategy with Prime Minister Imran Khan. The draft strategy will…
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LSM growth slows down to 7.4% | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s big industries posted 7.4% growth in the first half of current fiscal year, which was more than double the rate under the old methodology that the government has now changed. The Pakistan Bureau of Statistics (PBS) on Thursday released the first growth figures of Large-Scale Manufacturing (LSM) industries under the new base…
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A recipe for rapid economic growth | The Express Tribune
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[ad_1] ISLAMABAD: The recent speech by Mian Mohammad Mansha, one of the most successful entrepreneurs of Pakistan, at the Lahore Chamber of Commerce and Industry was indeed a breath of fresh air. Unlike other industrialists, he did not ask for more protection for our poorly performing industries but asked for removing trade barriers. Similarly, he…
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Growth may slow down to 4.5%: Baqir | The Express Tribune
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[ad_1] ISLAMABAD: State Bank of Pakistan (SBP) Governor Dr Reza Baqir said on Thursday that economic growth may slow down to around 4.5% in current fiscal year and inflation and current account deficit would remain the two key challenges. “We are trying our best to contain the current account deficit through exchange rate and interest…
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Umar forecasts $8.5b export growth | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s exports during the current fiscal year 2021-22 are estimated to grow $8.5 billion against the previous year, which will be higher than the total growth in exports in 10 years of the previous governments, announced Planning Minister Asad Umar. “With the year’s (FY22) first-half trade data available, we are on course for…
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No need for another IMF package with 5-6% growth: Tarin | The Express Tribune
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[ad_1] Finance Minister Shaukat Tarin has said that after completing the current International Monetary Fund (IMF) programme, Pakistan is hoping to end reliance on the multilateral lender if the country achieved sustainable economic growth. “I think this programme should be enough. If we start generating 5%-6% balanced [economic] growth, then I don’t think we need…
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Mian Mansha gives recipe for rapid economic growth | The Express Tribune
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[ad_1] LAHORE: Noted industrialist and Nishat Group Chairman Mian Muhammad Mansha has given a recipe for rapid economic growth and termed progressive market-oriented policies, based on modern methods, the key to success. “Pakistan can achieve rapid economic growth by reducing trade barriers and minimising state’s influence on the economy through privatisation and austerity,” Mansha said…
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US banks look forward to growth | The Express Tribune
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[ad_1] NEW YORK: US banks will enjoy stronger growth this year from their “bread-and-butter” business of taking deposits and lending money as the US economy expands and the Federal Reserve prepares to raise interest rates for the first time in three years. The Fed’s move could bring an end to the low interest-rate environment which…
