Federal Minister for Finance and Revenue Muhammad Aurangzeb said on Monday that the country had reached “a pivotal moment of economic recovery” as he outlined the government’s key achievements during a conference at Harvard University in the US, the [Associated Press of Pakistan (APP) [reported]. The World Bank had predicted Pakistan’s economy to grow by 2.8 per cent during the current fiscal y
While anticipating an improvement in the overall outlook with economic activities picking up momentum in the second half, the State Bank of Pakistan (SBP) maintained its real GDP growth forecast on Monday at 2.5-3.5 per cent for FY25. The International Monetary Fund (IMF) has revised the growth to 2.6pc from 3pc, and the World Bank to 2.7pc for the current fiscal year. “One of the prominent
Despite regional tensions following the Pahalgam attack, delegates from around 45 countries have arrived in Islamabad to participate in the Digital Foreign Direct Investment (DFDI) conference, which is set to begin on Tuesday (today). Minister for Information Technology Shaza Fatima Khawaja expressed confidence that despite threats from India, the event would be a success. “The participants
The International Monetary Fund (IMF) Executive Board will meet on May 9 to discuss the country’s staff-level agreement for a new $1.3 billion arrangement under a climate resilience loan programme, along with the first review of Pakistan’s ongoing $7bn bailout programme, the global lender’s website said. According to the Fund’s website, this will be the first “review under the Extended Arrangem
Geopolitical tensions, a downward revision in growth forecasts by the International Monetary Fund (IMF), and a weaker rupee due to declining foreign exchange reserves triggered selling pressure at the Pakistan Stock Exchange (PSX). As a result, the benchmark KSE 100 index ended the outgoing week in negative territory, breaking its bullish momentum. On Tuesday, IMF slashed its growth forecast fo