Thursday July 7, 2022
اردو
Dialogue Pakistan Dialogue Pakistan
Dialogue Pakistan Dialogue Pakistan
  • Citizen Journalism
  • Pakistan
  • World
  • Sports
  • Entertainment
  • Videos
    • Feature Videos
    • In House Videos
    • Mobile Footage
    • Documentaries
  • More
    • Features
    • Health
    • Sci-Tech
    • Business
    • In Pictures
    • Facebook
News

SBP releases annual report on Pakistan’s economy

by Web Desk November 18, 2020

AA

 SBP releases annual report on Pakistan’s economy

KARACHI: The State Bank of Pakistan (SBP) has released its annual report on Pakistan’s economy.

The central bank’s report said that difficult but necessary economic stabilization decisions were made in the first nine months of the last financial year. Growth turned negative 52 years later.

According to the report, due to the stability achieved in 9 months, business and households were provided support during the epidemic, under which 14 million households were provided emergency cash during the epidemic.

The report said that interest rates were reduced by 6.25 percent in three months and the volume of government debt was limited to 1.1 percent of GDP.

The report says that the current direction of the economy is similar to that of Corona, and that future progress depends on the global situation, while vaccine news is encouraging.

The report further said that competition needs to be enhanced by removing the flaws in the structure of the economy, a more sustainable solution to the country’s fiscal imbalances is needed, increasing tax revenues to reduce reliance on non-tax revenue and FAT.

While the energy sector needs to address cost, infrastructure and governance issues, digital infrastructure needs to be further improved through development.

According to the report, GDP growth is projected to be 1.5 to 2.5 percent in the next financial year and the average rate of inflation is projected to be 7 to 9 percent in the current financial year, while the current account deficit is projected to be 1 to 2 percent of GDP.

Post Views: 114

Share This:

Tags: GDP report State Bank of Pakistan
Previous post
Next post




Polls

Should the release of foreign movies be delayed to help support Pakistani cinema?

View Results

Loading ... Loading ...
Most Recent
News

Monsoon rains kill 77 in Pakistan

July 6, 2022
News

Pakistan climbing season reaches new heights

July 6, 2022
World

UK PM Johnson on the brink over

July 6, 2022
Entertainment

Hira Mani enjoys rain in a saree,

July 6, 2022
July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    
Related Stories for you

Roshan Digital Account hits highest-single day deposits of $57m

June 22, 2022

Deposit inflows in Roshan Digital Account (RDA) recorded highest ever daily figure on Tuesday as $57 million were deposited in

Defense budget reduced to 2.2% of GDP from 2.8%: DG ISPR

June 15, 2022

Director General of the Inter-Services Public Relations (ISPR), Major General Babar Iftikhar has said that contrary to perception, defense budget

Pakistan achieves growth rate of 5.97% against a target of 4.8% in FY22, reveals Miftah Ismail

June 9, 2022

Finance Minister Miftah Ismail while unveiling the Pakistan Economic Survey (PES) 2021-22, revealed that Pakistan recorded 5.97% GDP in the

Dialogue Pakistan

Citizen Journalism is the collection, dissemination and analysis of news by the people for the people especially by the means of internet. Dialogue Pakistan is the country’s first citizen journalism portal to provide Pakistanis an opportunity to get themselves heard aiming to encourage citizen journalism inculcated with ethical values.

Quick Links

اردو
About Us
Advertise
Careers
Contact

Category

Citizen Journalism
Pakistan
World
Sports
Entertainment
Features

Download our APP

Social Platforms

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • Youtube
Copyright 2022.Dialogue Pakistan. All Rights Reserved.