Lahore [Pakistan], May 29 (ANI): Pakistan's leading economists have expressed their doubts over the provisional estimate of 3.94 per cent GDP growth rate in the country and said it negates Imran Khan-led government's own estimate of 2.9 pc GDP growth approved by the federal cabinet last month.
In April, the federal cabinet approved the medium-term budget strategy paper and shared it with the International Monetary Fund (IMF). In this paper, the government estimated 2.9 pc GDP growth for ongoing fiscal year.
Pakistan leading economists have expressed their doubts over the provisional estimate of 3.94 per cent GDP growth rate in the country and said it negates Imra
By our correspondentAn autonomous State Bank of Pakistan would be beneficial for the economy, as developed countries have independent central banks.These were the views of a research fellow of the.
Rejuvenating digital trade
KARACHI:
Exports of goods from Pakistan have continued to breach the $2 billion mark per month since October 2020. However, the star performer in the overall export basket, which includes services, is information and communication technology (ICT) services.
According to statistics published by the Pakistan Bureau of Statistics (PBS), ICT services exports increased 11.14% month-on-month in February 2021. They increased 41.43% in the first eight months (Jul-Feb) of FY21 over the same period of last fiscal year. With exports of $1.3 billion between July 2020 and February 2021, it outperformed all other sectors within the services industry. It is expected that ICT exports from Pakistan may hover around $2 billion mark at the end of this fiscal year.