Tag: Gdp

The National Assembly Standing Committee on Finance supported on Wednesday increasing the budget of the Foreign Affairs Ministry by 40 percent, but unanimously agreed...

ISLAMABAD - The International Monetary Fund on Tuesday released a programme note on Pakistan, saying the real GDP growth was unlikely to exceed 2.8 percent during the current fiscal year due to adverse security developments which continue to hurt domestic and foreign investor's confidence, while electricity shortages continue to prevent the economy from achieving its potential. The IMF programme note said the fiscal policy had been affected by low economic activity and a difficult

KARACHI - Expressing "cautious optimism" over a stable rupee and comfortable external accounts despite foreign funding drying up sharply, the State Bank of Pakistan (SBP) reiterated on Friday that the country's gross domestic product (GDP) growth would range between two and three percent for the current fiscal year.
Concerned over what it called a "disheartening outlook" on inflation, the central bank expressed fears that despite a marginal ease in its Fiscal Year 2011 (FY11)

ISLAMABAD - Forecasting a regional gross domestic product (GDP) growth of 7.8 percent in 2011, the Asian Development Bank (ADB) has warned that Pakistan's anticipated low GDP growth rate of 2.5 percent in the current fiscal year could significantly increase the number of poor in the country.
Addressing a briefing at the launch of ADB's flagship annual economic publication, the Asian Development Outlook 2011 on Wednesday, ADB Country Director Rune Stroem said Pakistan needed at

KARACHI - Pakistan will aim to keep its budget deficit at five percent of gross domestic product (GDP) in the fiscal year 2010-11, Federal Finance Minister Hafiz Shaikh said on Saturday. "For this (fiscal) year, we will try to not let the fiscal deficit go beyond five percent," Shaikh said after launching a margin trading system at the country's main stock exchange. The 2010-11 fiscal year runs from July to June.
"This might not be possible but we will try our best." The budget

GUJRANWALA - Punjab University Vice Chancellor Professor Dr Mujahid Kamran has said that at least 4 per cent of the GDP should be spent on the education sector for the development of the country.
Addressing the second convocation of GIFT University Gujranwala, he said education had never been on the priority of any government and this attitude should change to maintain Pakistan's status of solo nuclear power of the Muslim world. Board of Governors President Muhammad Anwar Dar and

KARACHI
In its annual report on the state of the economy for the year 2009-10, the State Bank of Pakistan (SBP) on Monday said that the country's economy witnessed a noticeable improvement in the macroeconomic indicators, as it grew at a rate of 4.1 percent compared with only 1.2 percent in the preceding year.
The report said there was a substantial decline in the annual inflation and the current account deficit. Foreign exchange reserves also rose to historic highs during