Page 6 - Pakistan Development News Today

Advises Rs2.7tr fiscal adjustments, strict compliance with reforms suggested by IMF.

WB also forecasts that inflation may climb to 26.5% as compared to the official estimates of 21.5% in ongoing fiscal year

Currency hovers at 284-285 level in inter-bank market

Local currency has appreciated 7.9% since it hit a record low of 307.1 in inter-bank market on Sept 5

Pakistan’s economy slowed sharply in fiscal year 2023 with real gross domestic product (GDP) estimated to have contracted by 0.6 per cent, according to the World Bank. In a released on Tuesday, titled ‘Pakistan Development Update: Restoring Fiscal Sustainability’, the global body said the decline in economic activity in the country reflects the cumulation of domestic and external shocks including the floods of 2022, government restrictions on imports and capital flows, domestic political

ISLAMABAD —Pakistan’s economy slowed sharply in FY23 with real GDP estimated to have contracted by 0.6%. According to the World Bank’s latest Pakistan Development Update: Restoring Fiscal Sustainability, released today, the decline in economic activi

This is 'predicated on the robust implementation of the IMF Stand-By Arrangement, new external financing and continued fiscal restraint'

Expects poverty reduction to be gradual in the medium term, owing to weak growth and lower labor income, persistent inflation (especially for food and energy), and lower remittances

Says Pakistan's economy slowed sharply in FY 2023, emphasises need for "careful economic management" to maintain macroeconomic stability.

At the UN SDG Summit in New York, the Forus global civil society network is calling for decisive action on SDG implementation. Clearly, as we hit the midpoint towards the "finish line" of the Agenda 2