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Oct

Pakistan’s GDP grew at underwhelming 2.52pc last fiscal

By Mehtab Haider Published in The News on October 01, 2024 ISLAMABAD: Pakistan’s GDP growth figure has slightly witnessed an upward revision (0.14 percent) in revised figures of the last fiscal year and stood at 2.52 percent against earlier provisional growth rate figures of 2.38 percent for 2023-24. The fiscal year for 2023-24 ended on June 30, […]

IMF raises Pakistan’s growth forecast

By Shahbaz Rana Published in The Express Tribune on September 29, 2024 ISLAMABAD: The International Monetary Fund (IMF) on Saturday increased Pakistan’s economic growth forecast to 3.2% and cut inflation projection to a single digit amid caution by its executive board that ambitious growth targets should not be chased at the expense of debt sustainability. The IMF[…]

Chinese solar panel boom threatens Pakistan’s debt-ridden grid

By Humza Jilani Published in Financial Times on September 18, 2024 Businesses in Pakistan are racing to cover their factory rooftops with ultra-cheap Chinese solar panels, after a surge in electricity prices that has made the state- owned power supply among the most expensive in South Asia. “Every bit of space I have, even if it’s a[…]