Economy
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925Large scale industrial output expands 7.45 percent in eight months of current fiscal year
Large Scale Manufacturing increased by 4.85 percent in the month of February making it to an increase of 7.45 percent for July-February...
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746
Pakistan to become 23rd biggest economy by 2040: US intelligence report
Pakistan will be the world’s 23rd biggest economy by 2040 based on its predicted gross domestic product (GDP) rank, said US intelligence report. ...
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795
Pakistan to fully restore all economic activities from March 1
Pakistan to lift all restrictions and restore all economic activities from 1st March that were imposed last year amid the spread of...
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650
Pakistan-IMF agreement to boost economic growth
Finance Minister Dr Abdul Hafeez Shaikh has said the agreement signed between the International Monetary Fund (IMF) and the Government of Pakistan...
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672
For first time in 8 years, exports cross 2bn mark in 4th consecutive months
Exports of Pakistan had maintained growth and for the first time in eight years have crossed the $2 billion mark for the fourth consecutive month. Commerce Adviser Razak Dawood called it...
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711
Pakistan inflation at lowest level in two years
According to the report released by IM Securities, inflation in Pakistan was recorded at 5.7% in January, which is the lowest in...
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822
China on the verge of crossing US as world’s biggest economy by 2028
In 2028, five years earlier than previously projected owing to the conflicting recoveries of the two nations from the Covid-19 pandemic, China...
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739
Remittances to Pakistan set to cross record $28 billion this year
Looking at the trend of remittances to Pakistan that remained above $2 billion mark for the seventh month in a row, totalling...
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967
Moody’s improves Pakistan’s banking sector rating, forecasts 1.5% GDP growth
Moody’s improved its rating for Pakistan’s banking sector declaring the government’s credit profile as stable and projected a modest growth of 1.5%...
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818
‘Pakistan’s export growth indicates its efficient economic policy’
Chinese professor, Cheng Xizhong, says Pakistan’s substantial export growth is a vindication of the govt’s policy to keep economy running during pandemic....
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670
Pakistani economy expected to grow by average 1.3% over next two fiscals: World Bank
Pakistani economic growth is expected to be subdued, averaging at 1.3 percent over the next two fiscal years, said the World Bank....
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763
PM Office highlights the government’s achievements in 2020
On Monday, PM office highlighted the “achievements” of Pakistan Tehreek-i-Insaf (PTI) government during the year 2020 as the government tackled the whole...
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1.0K
Pakistan: Key economic growth indicators showing sturdy performance
Key economic growth indicators from Pakistan are showing strong performance despite challenges posed by the second wave of COVID-19 and depressed economic...
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948
Finance Ministry’s Monthly Outlook Report Indicates Strong Economic Recovery
The Ministry of Finance in its Monthly Economic Update & Outlook (November 2020) report issued on Friday presented a strong economic recovery...
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871
SBP forecasts up to 2.5pc GDP growth in current fiscal year
The State Bank of Pakistan (SBP) has improved its growth outlook for the country, predicting that the national GDP will grow between...
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704
Remittances stay over $2bn for fifth month, October grow by 14pc
According to the State Bank of Pakistan, the country’s remittances remained above $2 billion for the fifth consecutive month in October 2020....
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865
Trade deficit shrinks 1.88% from July to October
The country’s trade deficit witnessed reduction of 1.88 percent during the first four months of current fiscal year (2020-21) as compared to...
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926
IMF predicts 1pc GDP growth, warns stagflation in Pakistan
Despite the improvement in the GDP of Pakistan from negative to one percent, the price hike is expected to raise up to...
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1.1K
Remittances to Pakistan rise to record $7.1 billion in 1st FY21 quarter
Overseas Pakistanis sent record $7.1 billion remittances in the first quarter of the fiscal year 2021 (July to September), the State Bank...
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951
World Bank predicts 0.5% growth in FY-21, poverty to increase in Pakistan
World Bank is predicting a mere 0.5 percent growth in the current fiscal year and due to COVID-induced economic uncertainty poverty may...
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1.7K
Pakistan posts current account surplus for the second month
On Wednesday, the State Bank of Pakistan released data about Pakistan’s current account balance which is still in surplus for the second...
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1.2K
State Bank of Pakistan keeps policy rate unchanged at 7pc
On Monday, the State Bank of Pakistan decided to keep its policy rate unchanged at 7 percent in its new monetary policy....
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905
V-shaped economic recovery confirmed as COVID weakens in Pakistan
On Tuesday, Asad Umar Federal Minister for Planning, Development, Reforms, and Special Initiatives said that Pakistan is witnessing a V-shaped economic recovery...
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1.0K
Businesses in Pakistan are gaining momentum as Covid cases taper off
The businesses in Pakistan are gaining momentum after the eradication of Covid from the country that contracted the economy for the first...
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864
Exports, tax revenue has increased as COVID-19 wanes in Pakistan, says Hafeez Sheikh
On Monday, Advisor to Prime Minister on Finance Abdul Hafeez Sheikh said that FBR revenue has improved and there has been an...
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858
FBR tax collection jumps to Rs 593 billion for July, August
Federal Board of Revenue (FBR) collected Rs 593 billion tax against the assigned target of Rs 551 billion, an addition of Rs...
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2.0K
Pakistan Stock Exchange named the best performing market in Asia
The Pakistan Stock Exchange (PSX) has been declared the best performing market in Asia after it recently emerged as the top performing...
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1.6K
Bata Reports Loss as Retail and Wholesale Business Takes a Hit
Bata, Pakistan’s one of the leading shoemaker company also faced the wrath of Covid-19 pandemic as its retail and wholesale business reported...
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979
The curious case of increasing debt of Pakistan
According to the finance ministry spokesperson, Mohsin Chandna, the total Pakistan public debt, which is the sum of domestic and foreign loans,...
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893
PM Imran Khan assures maximum facilitation for exporters
On Wednesday, Prime Minister Imran Khan said that the government will extend maximum facilitation to exporters to increase the exports of Pakistan....
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902
Govt plans to engage overseas Pakistanis to boost reserves
Government is planning to engage overseas Pakistanis in different ways to boost reserves including through bonds or deposits. State Bank of Pakistan...
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1.4K
PTI Government recalls economic achievements during two years tenure
Advisor to Prime Minister Imran Khan on Finance and Revenue Abdul Hafeez Sheikh highly acknowledged the economic progress made during the two...
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890
Pakistan recorded ‘highest-ever’ remittances in July: PM Imran
On Monday, Prime Minister said that Pakistan has recorded the highest ever remittances from overseas Pakistanis in July 2020. Prime Minister Imran...
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1.4K
Pakistan’s economy is stabilizing owing to improvements in various sectors
Despite a lot of internal and international problems, Pakistan’s economy is stabilizing and has witnessed good progress in various sectors. The current...
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1.3K
Punjab, Sindh and KP return to pre-Covid routine, withdraw lockdown orders
Punjab, KP and Sindh governments have issued notifications to lift all province-wide lockdown orders and allowing the reopening of most businesses citing...
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1.4K
After months of downfall, Pakistan exports grow 5.8 percent in July
The exports of Pakistan which were at a downfall for a gap of 4 months from March due to COVID-19 lockdown have...
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917
With Covid-19 in Decline Economic Activities to be Accelerated in Punjab
Punjab government wants to get the benefit of the decline in coronavirus cases particularly by speeding up economic activities. Special cabinet committee...
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918
BRI boosts international cooperation in renewable energy
China Renewable Energy Engineering Institute hosted a webinar on Global Economy and Clean Energy Development and the participants stressed the importance of...
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1.1K
Covid-19 fallout: KP unveils economic recovery plan ‘Azam-E-Nou’
3 years of economic recovery plan has been unveiled by the Khyber Pakhtunkhwa Planning and Development Department to deal with post-pandemic circumstances,...
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1.3K
Resumption of marriage halls businesses demanded
Owners of marriage halls in Lahore staged a protest rally for not permitting them to reopen their businesses during the coronavirus pandemic....
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945
Remittances hit all-time high of $23.12 billion in FY20
Workers’ remittances flowing into Pakistan jumped by 6 percent to an all-time high of $23.120 billion in the full FY20 as overseas...
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1.2K
Pakistan receives $1.5 billion in loans to fight COVID-19
The $1.5 billion in loans from the ADB, WB and AIIB will assist in boosting the Pakistan government to better manage COVID-19...
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1.1K
Coronavirus will not delay in CPEC progress, says Asim Bajwa
Chairman China-Pakistan Economic Corridor Authority and SAPM on Information and Broadcasting Lt Gen (retd) Asim Saleem Bajwa said despite the coronavirus pandemic,...
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1.1K
CM Sindh unveils Rs 1.241tn budget amid protest
Sindh Chief Minister Murad Ali Shah presented the provincial budget for the financial year 2020-21 with estimated expenses of more than Rs...
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1.2K
Shahbaz Demands Public Works Program in Country
President Pakistan Muslim League (N) has exhorted to start the public works program immediately and asked to reduce the rate of interest...
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1.2K
Budget 2020: Here’s what you need to know about customs and indirect taxes
On Friday, the budget was presented by Hammad Azhar for the fiscal year 2020-21, on the floor of the National Assembly. Opposition...
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2.8K
10 million more to fall below poverty line in Pakistan
The economic contraction caused by the lockdown imposed due to the pandemic in Pakistan will push more than 10 million people below...
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1.1K
An overview of IMF-Pakistan meeting before the budget 2020
Meeting took place before the budget 2020 between the government’s economic team and IMF to discuss the upcoming budget and decisions were...
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1.3K
KPK businessmen demand reopening of all business activities
The whole businessmen community in Khyber Pakhtunkhwa call for a complete end to lockdown and presented a 48-point charter of demands for...
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1.0K
Inflation eases further to 8.2 percent in May
The consumer price index inflation rate slowed to 8.2 percent in May year on year in Pakistan. On Monday, the bureau of...
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1.1K
Coronavirus badly hit Pakistan’s already-strained economy
Pakistan economy will have bad after effects due to the current Coronavirus pandemic. Exports will mitigate and the burden on debt servicing...
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1.2K
SBP says extended lockdown poses risks to the economy
The economy of Pakistan is facing downside risks due to the extended COVID-19 lockdown, said the central bank on Sunday. According to...
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965
Pakistan’s GDP to grow 2% in next FY21
Pakistan’s economic growth is expected to be recorded at 2 percent in the next fiscal year of 2020-2021, whereas this year’s growth...
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1.1K
Companies That Are Bigger Economic Powers than Most Countries
There are some companies that have market capitalization bigger than the GDP of many countries. As there is no limitation on how...
