World Bank warns of sluggish growth, high inflation - Business
Advises Rs2.7tr fiscal adjustments, strict compliance with reforms suggested by IMF.
Source: dawn.com
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World Bank slashes Pakistan's GDP projection to 1.7% for ongoing year
WB also forecasts that inflation may climb to 26.5% as compared to the official estimates of 21.5% in ongoing fiscal year
Source: geo.tv
Intra-day update: rupee's winning run continues against US dollar - Markets
Currency hovers at 284-285 level in inter-bank market
Source: brecorder.com
Rupee sees 20th consecutive gain, settles at 284.68 against US dollar - Markets
Local currency has appreciated 7.9% since it hit a record low of 307.1 in inter-bank market on Sept 5
Source: brecorder.com
Fiscal reforms critical for economic stability, sustainable growth in Pakistan: World Bank
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
Source: wn.com