• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Economy

Ministry Of Finance Expects Economy To Grow At Rate Of 4.8 Per Cent

by Suneela Zulfiqar
April 13, 2022
in Economy, Finance
Reading Time: 1 min read
Pakistan to become economic power by 2047: Masood Khan
Share on FacebookShare on Twitter

ISLAMABAD – Pakistan’s economy, according to the ministry of finance, is gradually moving toward a more inclusive and sustainable growth path, with the GDP expected to expand at a rate of 4.8 per cent this fiscal year.

The government is implementing economic policies aimed at strengthening the economy, based on price stability and the external and fiscal sectors’ long-term viability. The positive impact of these reforms can already be seen in the improved performance of key economic indicators. The output of essential crops such as cotton, sugarcane, rice, and wheat in the agriculture sector looks promising for Rabi FY 2021-22. In terms of industries, LSM grew by 3.3 percent from July to November of FY 2021-22. Similarly, high-frequency data has shown strong performance, indicating strong domestic economic activity. Inflation in the CPI (July-December FY 2021-22) was 9.8%, up from 8.6% the previous year.

Due to a constantly growing import volume of energy and non-energy commodities, the current account posted a deficit of $9.1 billion (5.7 percent of GDP) for July-December FY 2021-22, compared to a surplus of $1.2 billion (09 percent of GDP), as a result of effective implementation of monetary and fiscal policies.

Tags: economic policieslatestMinistry of finance
Suneela Zulfiqar

Suneela Zulfiqar

Related Posts

SBP Foreign exchange reserves fall by $6 million

SBP Foreign exchange reserves fall by $6 million

The State Bank of Pakistan (SBP) reported a decrease of $6 million in foreign exchange reserves, bringing the total to...

SBP Provides Clarification on Rs75 Commemorative Banknote Demonetization

SBP Provides Clarification on Rs75 Commemorative Banknote Demonetization

State Bank of Pakistan (SBP) Clarifies Rumours Regarding Demonetization of Rs75 Commemorative Banknote In response to the circulating rumors suggesting...

ECC approves Rs261m for Railway underpass

ECC approves Rs261m for Railway underpass

The Cabinet's Economic Coordination Committee (ECC) approved Rs261 million for the construction of the Railway Underpass Jahanian, District Khanewal. The...

Golden Jubilee of Constitution: SBP launches Commemorative Coin of Rs50

Golden Jubilee of Constitution: SBP launches Commemorative Coin of Rs50

In order to commemorate the Constitution's promulgation 50 years ago, the State Bank of Pakistan (SBP) will release a commemorative...

The private sector experiences a 74% decrease in bank lending

The private sector experiences a 74% decrease in bank lending

Due to an uncertain situation brought on by the ongoing political and economic instability, the private sector is now forced...

Bullish Momentum Continues at Bourse as KSE-100 Index Surges Over 400 Points

Bullish Momentum Continues at Bourse as KSE-100 Index Surges Over 400 Points

The Pakistan Stock Exchange (PSX) witnessed a positive momentum as the KSE-100 Index was traded above the 40,000 level during...

Next Post
SECP registers 2,354 new firms

SECP registers 2,354 new firms

Recent Posts

  • PM Shehbaz Sharif lands in Ankara to attend Erdogan’s inauguration
  • T20 Blast: Shaheen Afridi hits four sixes, scores 29 off 11 balls
  • Microsoft expands AI infrastructure with CoreWeave investment
  • PM directs for preparing export-oriented development budget 2023-24
  • Elon Musk again crowned world’s richest person

Advertisement

Twitter

Economy.pk

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk