Monetary Policy Statement December 12, 2023
1. At its meeting today, the Monetary Policy Committee (MPC) decided to maintain the policy rate at 22 percent. The decision does take into account the impact of the recent…
Monetary Policy Statement June 12, 2023
At its meeting today, the Monetary Policy Committee (MPC) decided to keep the policy rate unchanged at 21 percent. The MPC noted that higher inflation out turns for April and…
Government sets 3.5 percent GDP growth target for FY24
The government has approved a Gross Domestic Product (GDP) growth target of an estimated 3.5 percent for the 2023-24 financial year (FY24), according to the Annual Development Plan for the…
OICCI demands super tax removal, and no new taxes or surprises in the upcoming budget
Islamabad: OICCI presented its key taxation proposals for 2023-24 budget to Minister of Finance ( MOF) , Mr M. Ishaq Dar on June 3rd. The meeting was attended by the…
Pakistan’s GDP growth at 0.29% in FY23
The National Accounts Committee (NAC) released National Accounts for FY23 based on provisional numbers. The estimates of GDP growth for FY23 came out to be 0.29% compared to 6.10% growth…
SBP releases Annual Report on The State of Pakistan’s Economy
The State Bank of Pakistan released today its Annual Report on the State of Pakistan’s Economy for the fiscal year 2021-22. According to the report, Pakistan’s economy achieved a real…
Pakistan posts 5.97% real GDP growth in FY22
KARACHI: In FY2022, the real GDP growth remained at 5.97 percent, Economic Survey of Pakistan revealed. However, underlying macroeconomic imbalances and associated domestic and international risks have dampened celebrations. The…
Pakistan requires 7% economic growth to ease debt burden, create jobs Anjum Nisar says decline in LSM share in GDP growth to hamper govt struggling to create jobs
The Businessmen Panel (BMP) of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), expressing serious concern over the slowdown in growth of big industries in the first half of…
Finance Minister Shaukat Tarin unveils Pakistan Economic Survey
KARACHI: Finance Minister Shaukat Tarin said 9.0 percent growth in large scale manufacturing (LSM) along with robust services sector performance enabled the country post 3.94 per cent GDP growth in…
Budget 2021-22: Liberal investment policy, low tax ratio can push GDP growth to 6pc
Mian Anjum Nisar suggests govt to adopt innovative ways in post-pandemic world for higher growth rate In view of pushing the GDP growth to 6 percent in next two years…
Current Account Surplus to compromise GDP growth unacceptable: FPCCI Mian Anjum Nisar says no benefit of Macroeconomic stability at cost of halt in industrial growth
The Federation of Pakistan Chambers of Commerce and Industry has hailed the government’s efforts to control Pakistan’s current account deficit, leading to a surplus of $424 million in July 2020,…
Economic Survey of Pakistan projects GDP growth at negative 0.38 percent
ISLAMABAD: The GDP growth for current fiscal year has been estimated negative 0.38 percent, according to Pakistan Economic Survey for 2019/2020 released on Thursday. The survey stated that although, provisional…
Economies that prioritize payment digitization best placed for GDP growth and citizen well-being, reveals Mastercard report
KARACHI: Countries that prioritize digitized payment economies are better placed to mitigate the associated adverse impact of unemployment, financial exclusion, fraud, theft, cost of cash, and corruption. This was the…
Pakistan economy size shrinks to $264 bn
ISLAMABAD: With the contraction of Pakistan’s GDP growth rate that falls into zero range at negative -0.38 percent for the outgoing fiscal year, the total size of the country’s economy…
Pakistan’s GDP growth clocks in at 3.3% in FY19: Economic Survey
KARACHI: Pakistan’s GDP growth clocks in at 3.3%, a 9 year low, says Pakistan Economic Survey FY19 released on Monday. Key Highlights: § Provisional GDP growth rate clocks in at…
National Economic Council fixes GDP growth target at 4.0% for 2019-20
ISLAMABAD: The National Economic Council (NEC) meeting chaired by Prime Minister Imran Khan has approved GDP growth target of 4% along with sectoral growth of agriculture (3.5%) industry (2.2%) and…
National Accounts Committee projects GDP growth at 3.3% for FY19
KARACHI: The 101st meeting of the National Accounts Committee has projected the provisional growth of GDP for the year 2018-19 at 3.3%, Press Information Department (PID) reported.The growth of the…
SBP releases Annual Report on the State of Economy
KARACHI: State Bank of Pakistan has released its Annual Report on the State of Pakistan’s Economy for the fiscal year 2017-18 today. According to Report, the growth momentum gained further…
CPEC is a regional ‘game changer’: International Conference
KARACHI: Speakers at the International Conference on the State of Pakistan Economy are convinced that the China Pakistan Economic Corridor (CPEC) is a ‘game changer’ for Pakistan. Speakers at the…
SBP maintains policy rates unchanged at 5.75%
KARACHI: The State Bank of Pakistan (SBP) decided to maintain the policy rate unchanged at 5.75 per cent in new monetary policy announced for next two months. “Pakistan economy posted…