Results for “Pakistan's economy” (6)

3 months ago

Pakistan's economy size reaches ‘highest-ever' level but misses growth target

Pakistan’s gross domestic product (GDP) hit its highest-ever size, but the South Asian nation missed its growth target due to external shocks, Finance Minister Muhammad Aurangzeb said on Thursday. “The GDP […] hit $452.1 billion, which is the highest ever in the country’s history,” the finance czar told a press conference in Islamabad as he unveiled the Economic Survey 2025-26, ahead of the upcoming fiscal year’s budget. Read More…

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Hafsa Mustafa Posted in Politics

10 months ago

Air pollution draining $22bn a year from Pakistan's economy: Sherry Rehman

Air pollution has been costing Pakistan $22 billion annually, an amount equal to 6.5% of the national gross domestic product (GDP), said Senator Sherry Rehman during a Senate meeting on Thursday. Chairing a meeting of the Senate Standing Committee on Climate Change, the senior Pakistan Peoples Party (PPP) leader highlighted the severe effects of climate change on the country's financial and human capital. Read More…

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Alina Hashmi Posted in Weather

3 years ago

Natural disasters 'major threat': World Bank

Islamabad: On Thursday, the World Bank described natural disasters including floods caused by climate change as a major threat to Pakistan's economy. World Bank's Country Climate Development Report also expressed the fear of affecting poverty reduction and economic development efforts. The World Bank also revealed the possibility of affecting Pakistan's economic growth by 15 to 20 percent by the year 2050. Read More…

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Alina Hashmi Posted in World

4 years ago

France extends helping hand to flood-hit Pakistan

On Wednesday, France stepped forth to assist in the revival of Pakistan's economy and its reconstruction after floors with an international conference this year. Prime Minister Muhammad Shehbaz Sharif and French President Emmanuel Macron had a meeting on the sidelines of the 77th Session of the UN General Assembly (UNGA) in New York. The two leaders spoke about mobilizing international support for Pakistan to help recover and rebuild its economy on a sustainable footing in the upshot of the climate change-induced floods. Read More…

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Alina Hashmi Posted in Business

4 years ago

Pakistan's economy witnessed a record growth: Asad Umar

Faisalabad: Federal Minister for Planning, Development, and Special Initiatives Asad Umar claimed that Pakistan’s economy saw record progress under the leadership of Imran Khan, despite being hit by COVID-19. The country’s economic growth rate was forecast at 3.4% but it recorded an all-time high in 14 years at 5.7% last year, he said. Read More…

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Alina Hashmi Posted in Business

5 years ago

Pakistan's economy to boost up to 4pc by 2022: ADB

According to Asian Development Bank's projection, Pakistan's Gross Domestic Product for the fiscal year 2021-2022 will be increased by 4pc. The reasons behind this are the maximum rollout of vaccination that improved consumer confidence and private investment and implementation of the "Agriculture Transformation Plan" initiated by the govt. Read More…

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