Pakistan s economy on solid growth path; has potential to grow at faster pace
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Pakistan is one of the few countries that reduced fiscal deficit despite the Covid challenge
ISLAMABAD (Web Desk) – Pakistan economy is on solid growth path and has potential to grow at much higher rate in next five years despite a challenging environment across the globe,
Khaleej Times reported.
Top government officials, analysts and corporate leaders repose trust in growing economy and said higher GDP growth in 5-6 per cent per annum was going to be a ‘new normal’ in next five years amid considering strong economic indicators of the country, it said.
Rs2 trillion stimulus revives Pakistan economy
Muzaffar Rizvi/Dubai
Pakistan’s positive economic indicators set the direction for a ‘sustainable high growth’ in future
Pakistan economy is on solid growth path and has potential to grow at much higher rate in next five years despite a challenging environment across the globe, experts say.
Top government officials, analysts and corporate leaders repose trust in growing economy and said higher GDP growth in 5-6 per cent per annum is going to be a ‘new normal’ in next five years amid considering strong economic indicators of the country.
“Yes, we have a potential to grow at much higher rate in coming years. The State Bank of Pakistan projects three per cent GDP growth in financial year 2020-21 and four per cent in 2021-22,” Dr Reza Baqir, governor, State Bank of Pakistan, told
Rs2T stimulus revives Pakistan s economy
Muzaffar Rizvi/Dubai
Pakistan is aiming for an ambitious six per cent economic growth target.
Positive indicators set direction for ‘sustainable high growth’ that would become ‘new normal’ in next 5 years
Pakistan’s economy is on a solid growth path and has potential to grow at a much higher rate in the next five years despite a challenging environment across the globe, experts say.
Top government officials, analysts and corporate leaders repose trust in the growing economy and said higher GDP growth in the five-to-six per cent per annum range is going to be a ‘new normal’ in the next five years considering strong economic indicators.
Pakistan’s cement producers plan to expand their capacity by more than 40 per cent from nearly 69 million tonnes to nearly 99m tonnes over the next several years. File photo
LAHORE: Pakistan’s cement producers plan to expand their capacity by more than 40 per cent from nearly 69 million tonnes to nearly 99m tonnes over the next several years in anticipation of 10-15pc growth in their sales every year, claims an All Pakistan Cement Manufacturers Association (APCMA) official.
Speaking with
Dawn, the APCMA official, who requested anonymity, said almost every cement manufacturer had planned to increase their production capacity through greenfield and brownfield projects. Many projects, especially the brownfield ones, are expected to come on line in the next two years, adding nearly 18m tonnes to the existing capacity.
The IMF Is Using the Debt Crisis to Hollow Out Pakistan’s Sovereignty 20 April by
Pakistan’s prime minister Imran Khan (CC - Wikimedia)
Imran Khan’s government came to power in 2018 promising to reorient Pakistan’s economy toward the needs of the population. But faced with a debt crisis it soon dropped its reformist agenda and now, the International Monetary Fund is pressuring it to place its State Bank permanently beyond democratic control.
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As the Covid-19 crisis continues to wreak havoc, at the end of March UN Secretary General António Guterres called for “decisive action” to avert the developing world’s deepening debt crisis. He warned that the previous debt obligations of poor countries were fast maturing, threatening to prolong the economic crisis. African governments alone owe $23.4 billion in repayments to financial institutions this year, notwithstanding current pressures signaling the scale of the economic burden imposed on po