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Pakistan’s GDP remained 2.8pc in FY2023-24

The National Accounts Committee (NAC) has approved the economic targets of FY2023-24, showing improvement in GDP growth rate of Pakistan, ARY News reported, citing...

ADB predicts 1.9% growth rate in FY2024

ISLAMABAD: Pakistan’s GDP growth forecast is rising and would reach to 1.9 percent during the fiscal year 2023-24, ending on June 2024, says Asia...

Pakistan to ‘raise’ FBR tax-GDP ratio to 15% in new IMF deal

ISLAMABAD: Pakistan has targeted raising the FBR tax-GDP ratio to 15 per cent in the International Monetary Fund (IMF) deal, ARY News reported citing...

Climate change already reducing global GDP: report

Climate change is already shaving billions off the world's economy, with developing countries hardest hit, according to a new report published Tuesday ahead of...

Fiscal deficit for FY22-23 reaches 7.7 percent of GDP

ISLAMABAD: Pakistan's GDP budget deficit has surged to 7.7 percent, reflecting a disparity of Rs 6,521 billion between expenditures and earnings in the fiscal...

ADB advises Pakistan to provide targeted subsidies, enhance tax-to-GDP ratio

The Asian Development Bank (ADB) has suggested Pakistan to provide targeted subsidies to mitigate inflationary pressure on people and enhance tax to GDP ratio...

World Bank cuts Pakistan’s GDP forecast on rising rates, limited fiscal space

The World Bank sharply lowered Pakistan's current-year growth forecast, saying the country's economic growth prospects have weakened due to tighter financial conditions and limited...

Pakistan spends only 2.1pc of GDP on infrastructure: SBP governor

KARACHI: State Bank of Pakistan (SBP) governor Jameel Ahmed Khan said Islamabad spends only 2.1pc of its total Gross Domestic Product (GDP) on the...

World Bank cuts Pakistan’s GDP growth forecast to 2pc

The World Bank has slashed Pakistan's GDP growth projection from four 4 per cent to 2 per cent for the fiscal year 2022-23 due...

Britain’s GDP grows 0.5 percent in October: statistics office

LONDON: Britain's economy grew 0.5 percent in October, official data showed Monday, after a sharp fall the previous month in part because of the...

Pakistan’s GDP to take 20% hit until 2050 due to climate change – WB report

Risks of extreme climate change-induced events, environmental degradation, and air pollution are projected to reduce Pakistan’s GDP by at least 18 to 20% by...

World Bank cuts Pakistan’s GDP growth forecast to 2pc in FY-23

The World Bank on Thursday projected a growth rate of 2 per cent for the Pakistani economy for the fiscal year 2022-23, a drop...

PML-N wasted taxpayers’ money on false advertisements: Muzammil Aslam

PTI leader Muzammil Aslam has said that the PML-N government has wasted billions of rupees on false advertisements, ARY News reported.  According to details, the...

Chief economist resigns after ‘pressure to change GDP data’

ISLAMABAD: Former Finance Minister Senator Shaukat Tarin on Wednesday claimed that Chief Economist Pakistan Ahmed Zubair has resigned after he was being pressurized to...

PM Imran Khan praises Shaukat Tarin on achieving 5.73pc GDP growth

ISLAMABAD: Prime Minister Imran Khan had a telephonic conversation with Finance Minister Shaukat Tarin on Saturday and discussed the economic situation of the country,...

IMF projects Pakistan’s GDP to grow at 4pc in FY22

KARACHI: The International Monetary Fund (IMF) Tuesday projected Pakistan’s real Gross Domestic Product (GDP) to grow by 4.0 per cent in the current fiscal...

Budget 2021-22: GDP growth rate set at 4.8%

According to the budget document available with ARY News, the agriculture sector growth rate has been set at 5 per cent.

Central bank clarifies ambiguities over GDP growth rate numbers

The estimate released by the NAC of 3.94 GDP growth rate for FY21 was approved unanimously and has the full backing of the SBP

Pakistan recorded highest LSM growth since 2011: Khusro Bakhtiar

Khusro Bakhtiar said in his Twitter message that the country has witnessed outstanding economic growth despite the worldwide economic slowdown due to effective policies of the federal government.

EAD analyses impacts of COVID-19 on national economy

The Ministry of Economic Affairs has released a review report regarding the negative impacts of COVID-19 pandemic on Pakistan's economy.

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