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Pakistan economy on solid growth path; has potential to grow at faster pace: Khaleej Times
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Pakistan s economy on solid growth path; has potential to grow at faster pace
Published On
Pakistan is one of the few countries that reduced fiscal deficit despite the Covid challenge
ISLAMABAD (Web Desk) – Pakistan economy is on solid growth path and has potential to grow at much higher rate in next five years despite a challenging environment across the globe,
Khaleej Times reported.
Top government officials, analysts and corporate leaders repose trust in growing economy and said higher GDP growth in 5-6 per cent per annum was going to be a ‘new normal’ in next five years amid considering strong economic indicators of the country, it said.
Rs2 trillion stimulus revives Pakistan economy
Muzaffar Rizvi/Dubai
Pakistan’s positive economic indicators set the direction for a ‘sustainable high growth’ in future
Pakistan economy is on solid growth path and has potential to grow at much higher rate in next five years despite a challenging environment across the globe, experts say.
Top government officials, analysts and corporate leaders repose trust in growing economy and said higher GDP growth in 5-6 per cent per annum is going to be a ‘new normal’ in next five years amid considering strong economic indicators of the country.
“Yes, we have a potential to grow at much higher rate in coming years. The State Bank of Pakistan projects three per cent GDP growth in financial year 2020-21 and four per cent in 2021-22,” Dr Reza Baqir, governor, State Bank of Pakistan, told
Pakistan aims to launch digital currency
Muzaffar Rizvi/Dubai Filed on May 11, 2021
Pakistan is seriously considering to introduce its own digital currency to expand banking facilities to the financially excluded segment of the society. Reuters file
Pakistan has joined the digital currency race a bit late and currently doing some studies that will pave the way for digital units in future
Governor State Bank of Pakistan Dr Reza Baqir said Pakistan is seriously considering to introduce its own digital currency to expand banking facilities to the financially excluded segment of the society.
“We are studying introduction of a digital currency very carefully. It is at very initial stage and will take time to come up with a firm plan,” Dr Baqir said in response to a question raised by leading businessman Imran Chaudhry.
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