Pakistans
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Pakistan’s debt sustainable, says IMF
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[ad_1] The International Monetary Fund’s (IMF) Managing Director, Kristalina Georgieva. Twitter Pakistan’s debt remains sustainable, the International Monetary Fund’s (IMF) Managing Director, Kristalina Georgieva said Friday as the nation faces one of its worst economic turmoils. The IMF statement comes…
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In meeting with Dar, British envoy offers UK’s help in easing Pakistan’s economic crisis
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[ad_1] Acting British High Commissioner Andrew Dalgleish (left) calls on Finance Minister Ishaq Dar on April 12, 2023. — APP Acting British High Commissioner Andrew Dalgleish met Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Wednesday and offered…
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IMF cuts Pakistan’s growth forecast, sees hike in inflation | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has reduced the economic growth forecast of Pakistan to 0.5% as well as steeply increased inflation projections far above 20% for two years — underscoring that the people’s hardships would not end soon…
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CPEC Authority: a game changer for Pakistan’s future? | The Express Tribune
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[ad_1] ISLAMABAD: China is currently focused on revitalising the Belt and Road Initiative (BRI), which was expected following the relaxation of Covid-19 policies. Since the recent two sessions, efforts to do so have been accelerated. It is anticipated that China…
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Robust reforms crucial for Pakistan’s economic recovery: ADB
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[ad_1] Asian Development Bank’s logo. — AFP/File The Asian Development Bank (ADB) said Tuesday that Pakistan’s economic growth is expected to slow significantly in FY2023 (ends 30 June 2023) in the wake of last year’s devastating floods, ballooning inflation, a…
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World Bank slashes Pakistan’s GDP forecast
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[ad_1] World Bank Group written on the bank’s building. — AFP/File Tighter financial conditions and limited fiscal space have weakened Pakistan’s growth prospects, the World Bank said, prompting the institution to cut the country’s current-year growth forecast. Compared to its…
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Pakistan’s cotton yield 50% lower than region | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan is facing a sharp decline in cotton production as its per-acre yield has contracted to just half of the cotton productivity in regional countries. Owing to thin profit margins for cotton planting, farmers have switched over to…
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Pakistan’s current account deficit hits two-year low | The Express Tribune
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[ad_1] KARACHI: Pakistan’s current account deficit (CAD) hit a two-year low of $74 million in a month, narrowly failing to turn around the country’s deficit into surplus in February. The government achieved the significantly low deficit through limiting imports to…
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Importance of e-commerce for Pakistan’s growth | The Express Tribune
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[ad_1] KARACHI: The e-commerce sector in Pakistan has achieved significant growth over the past few years, thanks to the increasing internet and smartphone penetration. According to a report of eMarketer, Pakistan’s e-commerce sales are projected to reach $2.1 billion by…
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Moody’s downgrades Pakistan’s rating to Caa3
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[ad_1] Moody’s headquarters in New York, US. — AFP/File SINGAPORE: Moody’s Investors Service Tuesday downgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa3 from Caa1 as the cash-strapped country struggles to resurrect a long-suspended International Monetary…
