Karachi, April 14, 2020: The State Bank of Pakistan today released its Second Quarterly Report for FY20 on the State of Pakistan’s Economy. According to the report, the stabilization efforts and regulatory measures yielded notable improvements during the first half of FY20. The current account deficit contracted to a six-year low, foreign exchange reserves increased,…
Islamabad, December 28, 2019: Pakistan’s general government debt (including guarantees & IMF borrowing) during the first quarter of current fiscal year, showed significant decline as it fell to 84.7 percent of Gross Domestic Product (GDP), however by the end of previous year, the country’s debt had risen to 88 percent of GDP. A recently published…
KARACHI, January 29, 2019: Pakistan Tehreek e Insaf’s (PTI) economic performance is worst than PML-N as PTI government will miss the GDP growth target of 6.2 percent in its first year (FY19). After achieving a 13-year high growth of 5.8 percent in FY18-the last year of PML-N government, Pakistan’s economy is showing signs of moderation….