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Tahir Amin

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IMF forecasts higher inflation, lower growth

International Monetary Fund (IMF) has projected an increase in inflation rate for Pakistan from 7.3 percent in 2019 to 13 percent in 2020 and revised downward the GDP growth rate from 3.3 percent in 2019 to 2.4 percent in 2020. The IMF report "World Econo
Published 16 Oct, 2019 12:00am
Business

IMF forecasts higher inflation, lower growth

International Monetary Fund (IMF) has projected an increase in inflation rate for Pakistan from 7.3 percent in 2019 to 13 percent in 2020 and revised downward the GDP growth rate from 3.3 percent in 2019 to 2.4 percent in 2020. The IMF report "World Econo
Updated 16 Oct, 2019 10:19am
Business

Hazara Motorway to become operational in November

Fifty-nine kilometers long E-35, also known as Hazara Motorway which is an important part of China-Pakistan Economic Corridor (CPEC), is all set to be fully operational in the first week of November. Senior officials of the National Highway Authority (NHA
Published 13 Oct, 2019 12:00am
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IMF projection: Government gross debt to rise to 78.6 percent

The International Monetary Fund (IMF) has projected an increase in government gross debt by 1.9 percent to 78.6 percent of the Gross Domestic Product (GDP) in 2020 against 76.7 percent in 2019. According to the IMF report "Fiscal Monitor, How to Mitigate
Published 11 Oct, 2019 12:00am
Business

IMF projection: Government gross debt to rise to 78.6 percent

The International Monetary Fund (IMF) has projected an increase in government gross debt by 1.9 percent to 78.6 percent of the Gross Domestic Product (GDP) in 2020 against 76.7 percent in 2019. According to the IMF report "Fiscal Monitor, How to Mitigate
Published 11 Oct, 2019 12:00am
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Over 4.5 million cotton bales to be imported

Pakistan has to import over 4.5 million cotton bales that would cost around $1.5 billion, owing to 33 percent decline from the target set for cotton production this season, sources revealed to Business Recorder.
Published 11 Oct, 2019 12:00am
Business

Over 4.5 million cotton bales to be imported

Pakistan has to import over 4.5 million cotton bales that would cost around $1.5 billion, owing to 33 percent decline from the target set for cotton production this season, sources revealed to Business Recorder.
Published 11 Oct, 2019 12:00am
Business

ADB to provide $2.5bn in approved financing

The Asian Development Bank (ADB) will provide $2.5 billion in approved financing to Pakistan in 2019, while recently approved Country Operations Business Plan (COBP) 2020-22 will increase average lending to $2.4 billion a year - a record increase over the
Published 10 Oct, 2019 12:00am
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Major export sector hamstrung by duties: WB

Pakistan's tariffs on imported intermediate goods average 8 percent - four times the average in the East Asia - and its regulatory and additional duties are also high, making it difficult for the country's major export sector of textiles and apparel to im
Updated 10 Oct, 2019 10:21am
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ADB to provide $2.5bn in approved financing

The Asian Development Bank (ADB) will provide $2.5 billion in approved financing to Pakistan in 2019, while recently approved Country Operations Business Plan (COBP) 2020-22 will increase average lending to $2.4 billion a year - a record increase over the
Published 10 Oct, 2019 12:00am