S&P projects wider budget deficit for Pakistan

S&P Global Market Intelligence has projected Pakistan's overall budget deficit to reach 5.1% of GDP, notably higher than the government's budget estimate of 3.9% of GDP.

Pakistan projects GDP growth above 4% for FY 2025–26

Pakistan’s Gross domestic product (GDP) for FY 2025–26 is projected to grow by 4.2%, signaling a broad-based recovery...

Pakistan's per capita income hits record $1,824 in FY25

Pakistan’s per capita income has surged by 9.75% to a record high of $1,824 in FY25, up from $1,662 in the previous year...

Pakistan records 2.68% GDP growth in FY25

Pakistan’s Gross Domestic Product (GDP) has posted a provisional annual growth of 2.68% for the fiscal...

IMS lowers CY25/26f earnings by 8%, ups TPs 4% on stronger ROE outlook

Intermarket Securities Limited (PSX: IMS) has revised earnings estimates by incorporating updated assumptions on interest rates, provisions, and capital gains..

Pakistan’s GDP records 1.73% growth in Q2FY25

Pakistan’s Gross Domestic Product (GDP) has posted a growth of 1.73% in the second quarter of FY25...

Pakistan's economy to grow 3.4% in 2025, 4.2% by 2026, UN reports

Pakistan's economy is projected to experience a modest expansion...

Indonesia reports 2.29% GDP deficit for 2024

Indonesia's unaudited budget deficit for the 2024 fiscal year was 2.29%...

Indonesia's 2024 budget deficit lower than 2.7% of GDP projection

Indonesia's budget deficit for the 2024 fiscal year came in below the government's most recent estimate of 2.7% of gross domestic product, Finance Minister...

Pakistan Tax-to-GDP ratio remains dangerously low

Pakistan’s Tax-to-Gross Domestic Product (GDP) ratio remained low in fiscal year 2023-24 compared to its development needs...

Climate change could cost Pakistan 21.1% of GDP by 2070

 Climate change, under a high-emissions scenario, could lead to a total loss of 21.1% of Pakistan's GDP by 2070, as highlighted in the Asian Development...

China's Q3 GDP grows 4.6%, slowest since early 2023

China's economy grew at the slowest pace since early 2023 in the third quarter...

Govt targets 13.5% Tax-to-GDP ratio

Federal Finance and Revenue Minister, Senator Muhammad Aurangzeb, has reiterated the government’s commitment to increasing the country’s tax-to-GDP ratio...

Pakistan GDP grew more than initially reported in FY24

Pakistan's economy grew faster than initially thought in fiscal year 2023-24 amid strong growth in the fourth quarter...

IMF downgrades Pakistan’s GDP growth forecast to 3.2% for FY25

The International Monetary Fund (IMF) has downgraded Pakistan's GDP growth rate projection to 3.2% for the fiscal year 2025 from the July's projection of 3.5%..

LSMI output growth rebounds to 0.92% in FY24

Pakistan's Large-scale Scale Manufacturing Industries output growth rebounded in fiscal year 2023-24...

IMF maintains Pakistan’s GDP growth estimate at 3.5% for FY25

The International Monetary Fund (IMF) has maintained Pakistan's GDP growth rate projection at 3.5% for the fiscal year 2025...

World Bank anticipates global economy to stabilize for first time in three years

Global growth is projected to stabilize at 2.6% this year, holding steady for the first time in three years despite flaring geopolitical tensions...

Pakistan's GDP grows 2.09% in Q3 FY24

Pakistan’s Gross Domestic Product (GDP) has shown a growth of 2.09% in Q3 FY24 as compared to the revised growth of 1.79% in the previous quarter...

National Accounts Committee begins talks on FY25 growth target

The National Accounts Committee has convened its meeting today in which it is likely to set the growth target for Fiscal Year 2025...

Govt aims for over Rs12tr tax collection in FY25

Pakistan's economic team has presented a comprehensive macroeconomic framework to the International Monetary Fund...

PM Shehbaz Sharif pledges low-cost energy for industries to enhance exports

Prime Minister Shehbaz Sharif said on Friday that the government will ensure the supply of electricity and gas at low cost to industries for industrial....

Tariff hikes under second Trump term could stifle US, global output: Fitch

Aggressive tariff rises under a possible second Donald Trump presidency would likely result in a reduction in US and global output in comparison...

Debt & conflict drag down Middle East economies, World Bank warns

The World Bank’s new Middle East and North Africa Economic Update, entitled Conflict and Debt in the Middle East and North Africa, shows that lackluster....

China posts forecast-beating GDP growth in first quarter

China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging..

Asia-pacific economies set for 4.9% growth in 2024: ADB

Developing economies in Asia and the Pacific are forecast to expand by 4.9% on average this year as the region continues its resilient growth amid robust...

Pakistan's GDP growth set to recover to 1.9% in FY24: ADB

Pakistan’s gross domestic product (GDP) growth is projected to recover modestly to 1.9% in FY2024 from -0.2% in FY2023 as economic reforms take effect...

World Bank forecasts 1.8% GDP growth for Pakistan in FY24

In the absence of an ambitious and credible economic reform plan, confidence and investment are likely to remain muted in Pakistan, with real GDP projected.....

China's ambitious GDP target to face hurdles amid property market stress

It will be challenging for China to achieve its real GDP growth target for 2024 of “around 5%”, unveiled at the National People’s Congress...

Pakistan's GDP grows 1% YoY in 2QFY24 - that's contraction not growth!

Those who are still rejoicing that the economy has shown some signs of positive growth are living in a denial. As a country, the first parameter to...

Global GDP growth forecast raised by 30bps to 2.4% in 2024: Fitch

Near-term world growth prospects have improved and Fitch Ratings has raised its 2024 global GDP growth forecast by 30bps to 2.4% in its latest....

India’s economy grows 8.4%, fastest in six quarters

India’s Gross Domestic Product (GDP) grew 8.4% YoY in the last quarter of 2023, compared to 8.1% in the previous quarter and beating estimates of 6.6%...

IMF downgrades Pakistan's GDP growth estimate to 2% for FY24

The International Monetary Fund (IMF) has downgraded Pakistan’s real GDP growth projections for fiscal year 2024 to 2% down from the...

Pakistan's growth expected to pick up to 2.4% in FY25 as inflation eases: World Bank

Pakistan's growth is projected to increase to 2.4% in FY2024/25, with an expected easing of its inflation rate, according to the latest...

Pakistan’s inflation to ease, growth to pick up in 2024-25: UN Report

Pakistan is projected to experience modest economic growth of 2% in 2024, while its inflation rate is expected to decrease to 19.1%...

World growth to drop to 2.1% in 2024 amid economic challenges: Fitch Ratings

World growth has held up well in 2023, but with the full impact of recent monetary tightening still to be felt, China’s ongoing...

Pakistan’s GDP to grow 2.1% in FY24: Bloomberg

Pakistan’s Gross Domestic Product (GDP) is expected to expand by 2.1% in fiscal 2024 after contracting 0.17% in the previous fiscal year...

Climate crisis to shrink Pakistan’s GDP by 20% by 2050: World Bank

Pakistan’s GDP is expected to decrease by a minimum of 18 to 20% by 2050 due to severe climate-related occurrences, environmental deterioration, and air...

Pakistan's GDP growth rebounds to 2.13% in 1QFY24

Pakistan’s Gross Domestic Product (GDP) growth rate witnessed a recovery in 1QFY24, recording at 2.13% as compared to 0.96% in 1QFY23...

GDP to grow 2-2.5% in FY24 amidst ongoing reforms: Dr. Shamshad Akhtar

With the government actively pursuing structural reforms to strengthen and stabilize the overall economy, the GDP is expected...

IT minister advocates for broadband fiber incentives to drive GDP growth

There is an immediate need to incentivize broadband fiber connectivity in the country as for every 10% increase in mobile broadband....

Global growth outperforms expectations: Fitch

Global bond yields have risen significantly in recent months as US economic growth has picked up, supported by strong consumer spending and job creation...

IMF raises global inflation forecast for 2024 to 5.8%

Global inflation is forecasted to rise by 5.8% in 2024 as per the latest International Monetary Fund (IMF)’s report on the world economic outlook published...

GDP to grow at just 2.4% in FY24: Bloomberg Survey

Pakistan's Gross Domestic Product (GDP) growth rate is expected to expand by only 2.4% in FY24, as per the latest Bloomberg survey...

Fitch forecasts Debt/GDP to decline for 50% of APAC sovereigns

Fitch Ratings expects general government (GG) debt/GDP to fall for around half of sovereigns in Asia over 2023-2025...

Pakistan needs structural reforms to sustain growth

As Pakistan's economy grows beyond its potential of around 3-4% growth, the deficit starts rising which dries up foreign exchange reserves and therefore...

Pakistan's real GDP to rebound to 1.7% in FY24: World Bank

Pakistan's real GDP growth is projected to rebound to 1.7% in FY24 and 2.4% in FY25, based on the projections of robust implementation of the...

Pakistan’s tax-to-GDP ratio is only 10.4%: World Bank

Pakistan's tax-to-GDP ratio has been on a declining trend, in the fiscal year 2022, tax collections were a mere 10.4% of GDP, against a tax capacity of over...

Saudi Arabia’s GDP surpasses $1tr mark, joins trillion-dollar club

Saudi Arabia has successfully joined the trillion-dollar club with its gross domestic product (GDP) surpassing the $1 trillion....

Eurozone economy shrinks further in September

Eurozone economic activity shrank further in September but the rate of decline has slowed, a key survey showed on Friday...

Pakistan’s GDP will likely rebound to 1.9% in FY24: ADB

Pakistan’s gross domestic product (GDP) growth is forecasted for FY24 to recover to 1.9% from 0.3% in FY23, according to the Asian Development Bank’s...

EU GDP grows by 0.3% QoQ in second quarter of 2023

The Euro area gross domestic product (GDP) went up by 0.3% QoQ, as compared to a contraction of 0.1% QoQ in the previous quarter....

Saudi Arabia’s GDP growth falls to 1.1% YoY in Q2

Saudi Arabia’s gross domestic product rose 1.1% YoY as compared to 3.8% YoY in the previous quarter and 11% YoY in the same period last year...

India could overtake US to become the world’s second-biggest economy by 2075: Goldman Sachs

India is expected to become the world’s second-largest economy by 2075, surpassing the U.S...

Pakistan’s GDP growth fell short of expectations in FY23: ADB

Pakistan's economic growth in the fiscal year 2023 was lower than expected due to tight monetary and fiscal policies, high inflation, and severe flooding...

Pakistan’s Recession odds at 62%: Bloomberg

A recent survey conducted by Bloomberg among seven economists subjected Pakistan's economic outlook to meticulous scrutiny, unveiling significant concerns...

S&P Global trims China's 2023 GDP outlook to 5.2% from 5.5%

S&P Global said it has cut its 2023 GDP growth forecast for China after May data showed a post-COVID recovery...

UK debt surpasses GDP for the first time since 1961

Rocketing interest rates and inflation drove UK government debt above 100% of GDP for the first time since 1961, dealing a blow to Prime Minister Rishi Sunak...

China's economy slows in May, highlighting need for additional support

China's economy stumbled in May with industrial output and retail sales growth missing forecasts, adding to expectations that Beijing will need to do more to...

UK economy rebounds in April on strong consumer spending

The UK economy returned to modest growth in April on strong consumer spending, official data showed Wednesday, stoking hopes it will avoid a recession despite..

PTI vs PML-N

Pakistan is facing many challenges given the current economic conditions characterized by stagflation and a multitude of uncertainties surrounding the upcoming.

Pakistan’s economy contracts by $33.4 billion: PBS

The total volume of the country's economy has decreased by $33.4 billion, according to the data released by the Pakistan Bureau of Statistics (PBS)...

EU GDP grows by 1.2% YoY in Q1 2023

The EU gross domestic product (GDP) expanded by 1.2% YoY in the first quarter of 2023, Eurostat's provisional figures revealed on Tuesday...

Govt revises GDP target to 2.3% in FY23 amid catastrophic floods

Govt revises GDP target to 2.3% in FY23 amid catastrophic floods

5.97% GDP growth rate in FY22 unsustainable: Miftah Ismail

5.97% GDP growth rate in FY22 unsustainable: Miftah

World Bank slashes global forecast to 2.9%, warns stagflation risk

World Bank slashes global forecast to 2.9%, warns stagflation risk

Circular debt mounts to Rs2.5tr in four years: Miftah Ismail

Circular debt mounts to Rs2.5tr in four years: Miftah Ismail

Pakistan’s GDP likely to grow at 5.97% in FY22

Pakistan’s GDP likely to grow at 5.97% in FY22

NAC to review, approve estimates of GDP for FY20, FY21 and FY22

NAC to review, approve estimates of GDP for FY20, FY21 and FY22

Fitch slashes World GDP forecast to 3.5% for 2022

Fitch slashes World GDP forecast to 3.5% for 2022

ICCI urges govt to focus on exports

ICCI urges govt to focus on exports

NAC revises GDP growth to 5.37% for FY21

NAC revises GDP growth to 5.37% for FY21

Govt footprint key barrier to economic growth: PIDE

Govt footprint key barrier to economic growth: PIDE

Pakistan’s GDP expected to grow up to 5% in FY22: Finance Minister

Pakistan’s GDP expected to grow up to 5% in FY22: Finance Minister

WB projects Pakistan’s economy to ease at 3.4% in FY22

WB projects Pakistan’s economy to ease at 3.4% in FY22

Public debt on declining trend, inflation to remain at around 8%, says Shaukat Tarin

Public debt on declining trend, inflation to remain at around 8%, says Shaukat Tarin

Connecting schools to boost GDP up to 20% in the least connected nations: EIU

Connecting schools to boost GDP up to 20 in the least connected nations EIU

Financial System exhibited resilience amid COVID-19: SBP

Pakistan to adopt bottom up approach for growth: FM

Pakistan to adopt bottom up approach for growth FM

Government targets GDP growth rate at 4.8% for FY22

Government targets GDP growth rate at 4.8 for FY22

OECD sees higher world GDP growth but fears 'headwinds

OECD sees higher world GDP growth but fears headwinds

Govt has no intention to impose any new tax in next budget: FM

Govt has no intention to impose any new tax in next budget FM

Rapid economic growth will help overcome inflation, unemployment in country: PM

Rapid economic growth will help overcome inflation unemployment in country PM

Pakistan’s economy turns around despite perils of COVID-19: Finance Ministry

Pakistans economy turns around despite perils of COVID19 Finance Ministry

Long Steel: Is the future as bright as it looks?

Long Steel Is the future as bright as it looks

Planning Commission expects GDP to grow by 4.8% next year: Asad Umar

Planning Commission expects GDP to grow by 4.8 next year Asad Umar

Can GDP FY21 surprise even more?

Can GDP FY21 surprise even more

PSX Presents Budget Proposals to Address Structural Imbalances and Kick-Start Economic Growth

PSX Presents Budget Proposals to Address Structural Imbalances and Kick Start Economic Growth

OECD area economic growth slows in Q1

OECD area economic growth slows in Q1

IMF projects 1.5% growth rate for Pakistan in 2021, 4% in 2022

IMF projects 1.5 growth rate for Pakistan in 2021, 4 in 2022

Pakistan’s GDP to show negative growth of 0.38% after 68 years

Pakistans GDP to show negative growth of 0.38 after 68 years

Britain's GDP contracts by 0.2 pct in Q2

Britains GDP contracts by 0.2 pct in Q2

Moody's issues results of its periodic review on Pakistan

Moodys issues results of its periodic review on Pakistan

Economic Intelligence Unit revises up inflation forecast for 2019

Economic Intelligence Unit revises up inflation forecast for 2019

Fitch Solutions revises down Pakistan's FY20 GDP growth forecast to 2.7%

Fitch Solutions revises down Pakistans FY20 GDP growth estimate to 2.7pct

GDP gaffe, an honest mistake or a customary relapse?

GDP jumble an honest mistake or a customary relapse

Pakistan’s GDP growth rate to observe progressive slowdown in FY19, FY20: UN report 2019

Pakistans GDP growth rate to observe progressive slowdown in FY19 FY20 UN report

CPEC to push up GDP by 2%, Pakistan’s reliance on project intensifies

CPEC to push up GDP by 2pct Pakistans reliance on project enhances

Another 4% devaluation required to bring PKR to fair value: Insight Securities

Another 4pct devaluation required to bring PKR to fair value Insight Securities

Moody’s questions on CPEC’s impact on Pakistan’s credit profile