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Moody’s predicts Pakistan’s GDP growth to slow in FY19

KARACHI: Pakistan’s GDP growth expected to slow to 4.3 to 4.7% in current and the next fiscal year from 5.8% in FY18 due to policy measures taken to address the external imbalance, Moody’s rating agency has said in a report released on Thursday. The policymakers have tightened domestic monetary conditions to address the external imbalance, Moody’s stated. The policymakers have allowed the currency to depreciate by around 30% since the start of December last year. Moreover, to address the external imbalance, the…

Economic growth hits 10-year high of around 6 per cent: Miftah

ISLAMABAD: Adviser to the Prime Minister on Finance Miftah Ismail said on Monday economic growth in Pakistan has reached a 10-year high of about six per cent. Addressing  World Islamic Economic Forum in Karachi here, Miftah said the country’s economic condition has been improving with inflation expected to remain in the reasonable range of five percent. He stressed that accelerating the growth rate was indispensable for eradication of poverty and unemployment. The adviser said that improved law and order situation…

World Bank puts Pakistan’s economic grow this year at 5.2 pct

ISLAMABAD: World Bank has projected Pakistan's economic growth at 5.2% in the current fiscal year while indicating that upcoming general elections may put the country’s growth oriented economic policies at risk. World Bank’s biannual South Asia Economic Focus Report 2017 estimates Pakistan's growth in the next two fiscal years at 5.5 and 5.8. Among the risks that the World Bank highlighted were slower progress on much-needed structural reforms, lingering uncertainty about the US economic policy, a strong rupee and…

Pakistan’s economy progressing despite recent surge in terrorism: US magazine

ISLAMABAD: An American magazine has stated that Pakistan's economy is on progressing trajectory despite the surge in terrorist attacks in the country, ARY News reported on Wednesday. An opinion peace published in Washington Post mentioned that stock market in Pakistan is performing well whereas International Monetary Fund (IMF) has constantly lauded the economic performance of the country. The article said that World Bank has predicted Pakistan's economy will grow by 5.2 percent in the ongoing fiscal year. According…

World acknowledging Pakistan’s economic progress, says Dar

ISLAMABAD: Federal Minister for Finance Ishaq Dar has said that the world is acknowledging Pakistan's economic development, ARY News reported. Addressing the Conference of International Cotton Advisory Committee in Islamabad on Monday, Dar said that the economic growth rate has increased due to improvement in the agricultural sector of the country. He also said Pakistan's economic development is being lauded on international level. The finance minister said that the cotton and textile sectors of Pakistan are key to…