The business environment in the Islamic Republic of Pakistan continues to be unfriendly. It is because of this, the country has one of the fastest growing informal sector and slowest expanding formal in South East Asia. In order to enter the ranks of the ‘Asian Tigers’ the situation has to change, Pakistan will get nowhere […]
GDP
Pakistan’s outlook changed to negative from stable: Moody’s International
SINGAPORE: Moody’s Investors Service on Wednesday affirmed Pakistan’s B3 rating’s outlook was changed to negative from stable. A report issued by Moody’s International stated that the decision to change the outlook to negative was driven by the heightened external vulnerability risk. According to the report, Pakistan’s forex reserves had fallen to the lowest level, with […]
GDP grew 5.8pc in FY 17-18, claims Ahsan Iqbal
Minister for Planning and Development Ahsan Iqbal on Thursday claimed that the gross domestic product (GDP) grew at a rate of 5.8 percent over the past year, narrowly missing the government’s target of at least 6pc. Ahsan, along with Prime Minister’s Adviser on Finance Miftah Ismail, was addressing a press conference to unveil the Economic Survey […]