AGL 8.38 Increased By ▲ 0.05 (0.6%)
ANL 10.90 Increased By ▲ 0.20 (1.87%)
AVN 78.40 Increased By ▲ 0.21 (0.27%)
BOP 5.52 Decreased By ▼ -0.05 (-0.9%)
CNERGY 5.46 Increased By ▲ 0.08 (1.49%)
EFERT 78.60 Decreased By ▼ -0.05 (-0.06%)
EPCL 67.65 Decreased By ▼ -0.14 (-0.21%)
FCCL 14.80 Increased By ▲ 0.30 (2.07%)
FFL 6.63 Increased By ▲ 0.03 (0.45%)
FLYNG 7.05 Increased By ▲ 0.02 (0.28%)
GGGL 11.48 Increased By ▲ 0.14 (1.23%)
GGL 17.31 Increased By ▲ 0.07 (0.41%)
GTECH 8.30 No Change ▼ 0.00 (0%)
HUMNL 7.11 Increased By ▲ 0.05 (0.71%)
KEL 3.08 No Change ▼ 0.00 (0%)
LOTCHEM 33.55 Increased By ▲ 0.68 (2.07%)
MLCF 28.40 Increased By ▲ 0.10 (0.35%)
OGDC 86.25 Increased By ▲ 1.70 (2.01%)
PAEL 16.59 Increased By ▲ 0.14 (0.85%)
PIBTL 5.94 Increased By ▲ 0.09 (1.54%)
PRL 18.34 Increased By ▲ 0.22 (1.21%)
SILK 1.14 No Change ▼ 0.00 (0%)
TELE 11.21 Increased By ▲ 0.11 (0.99%)
TPL 9.14 Increased By ▲ 0.14 (1.56%)
TPLP 20.01 Increased By ▲ 0.13 (0.65%)
TREET 26.82 Increased By ▲ 0.20 (0.75%)
TRG 94.31 Decreased By ▼ -0.19 (-0.2%)
UNITY 20.55 Increased By ▲ 0.18 (0.88%)
WAVES 13.88 Increased By ▲ 0.25 (1.83%)
WTL 1.31 No Change ▼ 0.00 (0%)
BR100 4,239 Increased By 30.9 (0.73%)
BR30 15,547 Increased By 101.7 (0.66%)
KSE100 42,519 Increased By 275.4 (0.65%)
KSE30 16,090 Increased By 118.7 (0.74%)
Business & Finance

Hammad lauds Pakistan’s fiscal response against COVID-19

  • The minister added that as a result, Pakistan has witnessed one of the smallest increases in public debt in the world after COVID-19, while sharing data of the International Monetary Fund (IMF) World Economic Outlook.
Published April 10, 2021

Finance Minister Hammad Azhar applauded Pakistan’s fiscal policies against countering the impact of coronavirus pandemic terming them ‘prudent and well-targeted.'

“Pakistan’s fiscal response to COVID-19 has been prudent and well-targeted, including re-allocation of spending to the most vulnerable through the landmark Ehsaas programme,” said Hammad Azhar in a tweet post.

The minister added that as a result, Pakistan has witnessed one of the smallest increases in public debt in the world after COVID-19, while sharing data of the International Monetary Fund (IMF) World Economic Outlook.

The IMF has projected Pakistan’s GDP growth rate at 1.5 percent for 2021, against a negative 0.4 percent in 2020. It projected a rise in unemployment from 4.5 percent in 2020 to five percent in 2021.

The IMF in its latest report, “World Economic Outlook (WEO), managing divergent recoveries” has projected GDP growth rate at 1.5 percent in 2021 against -0.4 percent in 2020 and projected at 4 percent for 2022.

The Fund has also projected a decline in inflation from 10.7 percent in 2020 to 8.7 percent in 2021, which is projected to decline to eight percent in 2022. According to the report, consumer prices have projected at end of the period which is elaborated as (monthly year-over-year changes and, for several countries, on a quarterly basis) for 2021 at 10 percent in 2021 and 7.9 percent in 2022.

Comments

Comments are closed.