GDP Archives

World Bank indicates 4% GDP growth for Pakistan in next fiscal year

The World Bank (WB) has projected a moderate Gross Domestic Product (GDP) growth rate for Pakistan standing at 4% for the coming...

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Pakistan logs 5.97% growth in FY22, economy size jumps to $383 billion

The provisional GDP growth rate for the year 2021-22 is estimated at 5.97% which has increased the size of the economy of Pakistan to...

557

Climate change could sweep 4% of global GDP by 2050

Climate change could witness 4 percent of global annual economic output lost by 2050 and hit numerous poorer areas of the world...

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World Bank raises Pakistan’s growth forecast to 4.3% from 3.4%

Reducing Pakistan’s economic growth rate prediction for the present fiscal year by nearly one percent, the World Bank (WB) stated that the...

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Debt to GDP ratio falls to 72% in FY21, 67% till Dec FY22

Public debt, as a percentage of Gross Domestic Product (GDP), fell to 72 percent in the fiscal year 2021, from 76.6 percent...

987

GDP growth to exceed 5 percent mark in fiscal year 2021-22

Minister for Finance and Revenue Shaukat Tarin expressed confidence on Sunday that the country’s Gross Domestic Product (GDP) growth would surpass the...

865

Fitch Ratings forecasts robust GDP growth of 4.5% this year

Fitch, one of the three leading international rating agencies, based in New York has said that GDP rate of Pakistan during the...

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Pakistan sets economic growth target of around 4.8% for the year

Despite a number of adverse geopolitical conditions and the rising trend of prices at the global level, National Economic Council (NEC) has...

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China-centric economic strategy finalised to have average growth of 5.9% by 2025

Pakistan’s economic growth has been badly undermined due to the lack of proper planning, inconsistent policies, and the increasing role of international...

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Rebasing of economy adds Rs 3.1 trillion value, jacking up growth rate to 5.57%

The growth rate has improved from the earlier estimate of 3.94 percent to 5.6 percent, while the size of the economy rose...

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World Bank forecasts 3.4% growth for Pakistan in FY22

According to Global Economic Prospects report 2022 by World Bank, Pakistan’s growth will be 3.4 percent during the current fiscal year and...

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PM Imran Khan expects GDP to grow at a higher rate

The macroeconomic indicators of Pakistan were stable, and the GDP would grow at a greater rate by the end of this financial...

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Govt will raise tax-to-GDP ratio from the existing 9% to 20% in five years

The present tax-to-Gross Domestic Product (GDP) ratio in Pakistan was 9 percent which was very low and required to be doubled to...

614

Public debt-GDP ratio of Pakistan to ease in FY22, FY23, says World Bank

Pakistan’s debt-to-GDP ratio will ease to 90.6% in the current fiscal year and to 89.3% in the next fiscal year 2022-23, projected...

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ADB projects Pakistan’s economy to grow by 4 percent in FY22

Pakistan’s economy is expected to grow by 4.0 percent in the current fiscal (FY22) as business activity gradually resumes in the second...

728

ADB cuts Asia growth forecast on slow Covid vaccine rollout

Slow inoculation rates, rushing contagions, and crippling lockdowns can impose “lasting scars” of the Covid epidemic on developing Asia, said Asian Development...

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GDP of Pakistan expected to grow by 4.2% in FY22: Fitch

The economy of Pakistan will grow at the rate of 4.2% during the current fiscal year against the government target to get...

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SBP expects current account deficit to be 2-3 percent of GDP

The State Bank of Pakistan is expecting the current account deficit to remain in the range of 2 to 3 percent of...

581

IMF acknowledges growth in Pakistan’s economic activity

IMF has acknowledged the country’s stronger economic activity and believed the global economy to expand by 6 percent this year. On Tuesday, the International Monetary Fund...

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Analysis: Budget 2022 and its impact

After the announcement of budget 2022, there has been a mixed public reaction to the budget’s presentation. People are divided as some are...

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Private sector borrowing from banks jumps by 70 percent

The private sector’s borrowing from banks jumped by 70 percent in the first 11 months of the current fiscal year, reflects higher...

835

Govt’s people-friendly budget for fiscal year 2021-22 targets 4.8% GDP growth

With a target of 4.8% growth rate, the PTI government has unveiled the federal budget for the fiscal year 2021-22 to turn...

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Pakistan revives economy as world economies grapple with pandemic: Forbes

American business magazine Forbes has praised the efforts by Pakistan government to stabilize and grow the country’s economy. According to the report about the...

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‘Economic growth to catch pace in coming years, GDP to reach 6% by 2023’

As the government is preparing the budget for the upcoming fiscal year, the economic growth rate of Pakistan would catch pace next...

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PM Imran set aside Rs 100 billion for startup loans to end unemployment

Prime Minister Imran Khan has announced Rs 100 billion fund for startup loans and 170,000 skilled education scholarships so that the challenge...

772

Shaukat Tarin predicts 6 percent GDP growth in next fiscal year

Finance Minister Shaukat Tarin has predicting that based on the current trend the GDP growth would be 5 percent in 2021-22 and...

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Pakistan reports higher-than-expected GDP growth at 3.94 percent for FY21

Pakistan reports that its GDP is on course to grow nearly 4 percent in the fiscal year that ends in June, almost...

804

ADB puts Pakistan growth rate at 2 percent this year

The Asian Development Bank (ADB) has forecasted Pakistan GDP growth by two percent during 2021, subject to successful vaccine rollout and implementation...

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Govt sets GDP growth target at 4.2 percent for fiscal year 2022

Keeping the IMF’s programme in view, the government approved the Budget Strategy Paper (BSP) on Tuesday for the fiscal year 2022 envisaging...

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Closing gender gap to boost Pakistan’s GDP by 30pc: ADB

The Asian Development Bank’s (ADB) Country Director in Pakistan, Xiaohong Yang has said that gender inequality is a big challenge for Pakistan, if Pakistan...

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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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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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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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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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Pakistan credit profile shows robust long-term GDP growth potential: Moody’s

Moody’s Investors Service that periodically releases reviews of countries around the globe highlighting their credit ratings and other financial research in light...