Karachi: On 30 September 2024, the National Accounts Committee (NAC) released GDP estimates for 4QFY24, showing growth of 3.07% YoY, taking full-year (FY24) growth to 2.52%, higher than provisional estimates of 2.38% YoY released by the Government on May 21, 2024. In 4QFY24, agriculture grew 6.76%, industry 3.59%, and services 3.69%. Agriculture: Growth in Agriculture…
London: Britain’s economy exceeded expectations with stronger-than-expected growth in May, according to official data released Thursday, providing an early boost to the newly-elected Labour government. The Office for National Statistics reported a 0.4 percent increase in gross domestic product (GDP) for May, following flat GDP growth in April. Analysts had anticipated growth of 0.2 percent…
Karachi, January 11, 2024 : Mr. Atif Ikram Sheikh, President FPCCI, has stressed that the 27-country economic alliance of European Union – with a cumulative GDP of almost $20 trillion – can help Pakistan steer out of the chronically dilapidated state of the economy of Pakistan; and, enhancing our exports to the EU nations should…
Islamabad, October 23, 2023: The State Bank of Pakistan (SBP) released today its Annual Report on the State of Pakistan’s Economy for the fiscal year 2022-23. According to the report, Pakistan’s economy faced multiple challenges during FY23, as longstanding structural weaknesses exacerbated the impact of successive domestic and global supply shocks of unprecedented nature. The…
KARACHI, July 30, 2020: The Pakistan’s Central Bank has said that successful stabilization measures that had fostered macroeconomic improvement in Jul-Feb FY20 provided a valuable cushion against the downturn faced from late March 2020 onward in the wake of the COVID-19 outbreak. The State Bank of Pakistan has released its Third Quarterly Report FY20 on…