Pakistan News

    Economy In Pakistan

  • Pakistan’s economy to grow 5.1pc in 2015: ESCAP

    ISLAMABAD: The United Nations latest report on the economic outlook for Asia and the Pacific has feared that Pakistan’s economy will still be constrained by macroeconomic imbalances despite expected economic growth in the coming years...

    Nevertheless, the ESCAP survey noted that the country’s economy expanded by 4...

  • Poor’s gives thumbs-up to Pakistan economy

    WASHINGTON/NEW YORK: Standard and Poor’s, one of the world’s big three credit-rating agencies, on Tuesday revised Pakistan’s average real GDP growth projection for 2015-17 to 4...

    “Pakistan has made significant progress in stabilising its economic, fiscal, and external performance...

  • Pakistan, WB sign $500m credit agreement for growth of economy

    WASHINGTON: Pakistan and the World Bank signed the $500 million Second Fiscally Sustainable and Inclusive Growth DPC (Development Policy Credit) to support Pakistan's efforts to reinvigorate growth and stabilise the economy...

    Pakistan's Ambassador to the United States Jalil Abbas Jilani and World Bank Vice President for the South Asian Region Annette Dixon signed the accord in Washington, reported Radio Pakistan...

  • Pakistan economy will continue to pick up: ADB

    ISLAMABAD: Pakistan’s economy will continue to pick up during the current fiscal year as reform and stabilisation measures provide lift, with higher foreign exchange reserves, and softer inflation and oil prices also supporting the overall macroeconomic outlook, the Asian Development Bank (ADB) said in its annual economic report released on Wednesday...

    8pc for fiscal year 2016-17, assuming continued macroeconomic stability, expected...

  • Will Pakistan's economy survive the maturity of $50bn in debt this year?

    Update: Feb 16, 2016 – In the Bloomberg report, calculations of Pakistan's total foreign debt ($120bn) and total budget for 2015-16 ($13tr) are incorrect due to which their assertions are questionable...

    Despite improvement in the country's security situation and the economy growing at an eight-year high, Pakistan risks default as 42 percent of its foreign debt, around $50 billion, is due in 2016, reports Bloomberg...

  • Pakistan an emerging market economy: IMF

    WASHINGTON: In its latest World Economic Outlook report, the International Monetary Fund has included Pakistan in emerging market economies...

    An emerging market economy is the one that is progressing toward a more advanced stage, usually by means of rapid growth and industrialization...

  • Pakistan’s political economy

    What explains this lacklustre performance of the economy, even though there are some positive fundamentals that should be able to accelerate economic growth?After all, we have a massively sized young population of more than 100 million, which should provide a huge market for consumer goods as well as a large labour force that could be productively employed, representing what is generally referred to as the ‘demographic dividend’...

    ...

  • Global survey paints gloomy picture of Pakistan economy

    LAHORE: Economic conditions remain uncertain in Pakistan despite businesses benefiting from a series of aggressive rate cuts since the late 2014, says the latest Global Economic Conditions Survey (GECS) 2016...

    “In Pakistan, economic sentiment is being hurt by ongoing security problems, with business confidence in Q1 remaining low compared with most of last year and compared with its sub-continent neighbours,” says the GECS from the...

  • Pakistan’s casino economy: a blueprint for inequality

    Pakistan failed to achieve any of the targets set out in the UN Millennium Development Goals (MDGs) from 2000 to 2015...

    While the reason for Pakistan’s non-performance with the MDGs can be traced to the political economy construct of society, the government has their work cut out if they want to meet the SDGs...

  • ‘Pakistan’s economy on path of growth’

    KARACHI: Beyond the headlines of terrorism, Pakistan’s economy is on the path of growth, senior fellow at the Foreign Policy Institute of the Johns Hopkins University School of Advanced International Studies, Afshin Molavi wrote in a recent issue of ‘The Washington Post’...

    If we get them wrong we could be Pakistan in 18 months”...

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