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Pakistan raises bar for GDP growth

Pakistan raises bar for GDP growth
Muzaffar Rizvi
© Provided by Khaleej Times
Pakistan raises bar for GDP growth
Pakistan will go for an ambitious six per cent economic growth target in the next two years as the International Monetary Fund (IMF) shows its willingness to renegotiate tough conditions for a $6 billion loan in the wake of rising Covid-19 cases.
Newly-appointed Finance Minister Shaukat Tarin said the country will increase infrastructure spending to create jobs and boost economic activity in the country.
The federal government will earmark as much as Rs900 billion [$6 billion] for development expenditure in the year beginning July. That s the bare minimum we need for a country this size, Tarin said during an interview with Bloomberg in Islamabad. ....

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'$300m programme loan moderately unsatisfactory'

‘$300m programme loan moderately unsatisfactory’
Top Story
March 17, 2021
ISLAMABAD: The Independent Evaluation Group (IEG) of the World Bank has declared $300 million programme loan for Pakistan under Finance for Growth as moderately unsatisfactory mainly because of political risks and macroeconomic instability.
The WB’s IEG report states that the programme development objective of Pakistan Finance for Growth Development Policy Credit was to support the government’s efforts “to promote an inclusive and transparent financial sector that was able to better intermediate resources including for long-term finance.”
The IEG in its detailed evaluation report stated that the outcome of the programme is assessed as “moderately unsatisfactory”. ....

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'$300m loan moderately unsatisfactory'

‘$300m loan moderately unsatisfactory’
March 17, 2021
ISLAMABAD: The Independent Evaluation Group (IEG) of the World Bank has declared $300 million programme loan for Pakistan under Finance for Growth as moderately unsatisfactory mainly because of political risks and macroeconomic instability.
The WB s IEG report states that the programme development objective of Pakistan Finance for Growth Development Policy Credit was to support the government s efforts to promote an inclusive and transparent financial sector that was able to better intermediate resources including for long-term finance. The IEG in its detailed evaluation report stated that the outcome of the programme is assessed as “moderately unsatisfactory”.
The programme objective was highly relevant to the development priorities of Pakistan and highly aligned with the country partnership strategy of the Bank Group: part of a larger set of macroeconomic reforms, the operation was directed at addr ....

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Pakistan Moves to Improve Autonomy of State Bank

Pakistan Moves to Improve Autonomy of State Bank
newsweekpakistan.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsweekpakistan.com Daily Mail and Mail on Sunday newspapers.

Abdul Hafeez Shaikh , Ishrat Hussain , National Accountability Bureau , Investigation Agency , Monetary Policy , International Monetary Fund , Enterprises Governance , Fund Facility To Pakistan , State Bank , Extended Fund Facility , Income Tax Second Amendment Act , State Owned Enterprises , Minister Abdul Hafeez Shaikh , Industries Minister Hammad Azhar , Austerity Ishrat Hussain , Fiscal Coordination Board , Auditor General , Federal Investigation , அப்துல் ஹபீஸ் ஷேக் , இஸ்ராத் ஹுசைன் , தேசிய பொறுப்பு பணியகம் , பண பாலிஸீ , சர்வதேச பண நிதி , நிறுவனங்கள் ஆளுகை , நிதி வசதி க்கு பாக்கிஸ்தான் , நிலை வங்கி ,