Pakistan will have a growth rate of 1.5 percent in fiscal year 2020-21, as per IMF. government is trying to revive the economy and working on various initiatives for the industry in this respect. Stimulus packages due to COVID-19 and …
Read More »SBP prefers maintaining status quo
The State Bank of Pakistan (SBP) in its latest Monetary Policy Statement (MPS) has kept the Policy Rate intact at 7.0%. The Policy Rate has remained unchanged since 25th June 2020, when the SBP had reduced the Policy Rate by …
Read More »Existing status of economy and covid steps encouraging
Pakistan has posts significant growth in LSM, but highly dependent on direct and indirect imports is a setback for many sectors Interview with Mr Nasim Beg – CEO, Arif Habib Consultancy PAGE: Tell me something about yourself and your career …
Read More »Pakistan’s economy on a path to recovery amid impressive LSM sector
Conversation with Dr Ayub Mehar — a renowned economist PAKISTAN & GULF ECONOMIST had an exclusive conversation with Dr Ayub Mehar regarding the current state of the economy of Pakistan. Following are the excerpts of the conversation: According to the leading …
Read More »PAGE Annual 2020 (Facts & Figures)
Pakistan: Exports, Imports And Balance Of Trade (Million US $) Period Exports (BOP) Growth Rate Imports (BOP) Growth Rate Balance of Trade Value Cumulative Value Cumulative a b Monthly Period to Period c d Monthly Period to Period a-c b-d …
Read More »Large Scale Manufacturing industries post growth in July 2020
According to the statistics released by the Pakistan Bureau of Statistics (PBS), the Large-scale Manufacturing Industries (LSMI) production increased by 5.02 percent on a year-on-year basis during the first month (July) of the current fiscal year (FY21) as against to …
Read More »Pakistan Independence Day (Facts & Figures)
Production Of Selected Large-Scale Manufacturing In Pakistan (during Jul – May 2020) Items Adjusted Weights Percentage Change Items Adjusted Weights Percentage Change FY20 FY19 FY20 FY19 Textile 29.74 -10.66 -0.10 Iron & Steel Products 7.67 -17.02 -10.78 Cotton Yarn 18.43 …
Read More »Coronavirus and the New Normal (Facts & Figures)
COVID-19 in numbers* (April 17, 2020) Globally2 074 529 confirmed (82 967) 139 378 deaths (8493) European Region1 050 871 confirmed (37 778) 93 480 deaths (4163) Region of the Americas743 607 confirmed (36 486) 33 028 deaths (2783) Western …
Read More »Coronavirus spread: industrial output may take further hit
The economists urged that nothing is safe from disruptions globally and various main companies are considering bringing back manufacturing facilities and seems less interested in economic integration. In Pakistan because of ongoing coronavirus spread, industrialists urged that the lockdown in …
Read More »SBP reduces policy rate: too little too late
At its meeting on 17th March 2020, the State Bank of Pakistan’s Monetary Policy Committee (MPC) decided to cut the policy rate by 75 bps to 12.50 percent. The decision reflected the MPC’s view that the outlook for inflation has improved in …
Read More »Need to lift up cement sector growth in Pakistan
International studies revealed that the worldwide cement trade enters 2020 with a mixed outlook. The Cement demand growth is possibly going to be stuck at a moderate pace in most regions. Geographical region demand is foreseen to decline once more, …
Read More »Pakistan economy remains lack innovation, competitiveness
Joint efforts need to attract GVC-linked investments Interview with Mr Ashfaq Yousuf Tola – President, Tola Associates Pakistan & Gulf Economist had an exclusive conversation with Mr Ashfaq Yousuf Tola regarding economy. Excerpts of the conversation are as follows: Pakistan has shown …
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