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ADB chief economist says regional economy will grow in current year
Karachi
April 4, 2021
Due to the Covid-19 pandemic, the regional GDP contracted by 0.2 per cent in 2020 with East Asia faring much better. After a sharp contraction last year, growth in South Asia will rebound in 2021 but the recovery will be uneven.
Yasuyuki Sawada, the chief economist at the Asian Development Bank (ADB), said this on Saturday as he delivered the opening address on the second day of the 1st International Conference on Economics and Sustainable Development held by the Institute of Business Administration’s (IBA) School of Economics and Social Sciences in collaboration with the Centre for Business and Economic Research.
Prime Minister Imran Khan had approved the plan in the cabinet meeting held on Nov 29, 2018. AFP/File
ISLAMABAD: After a delay of over two years, Finance Minister Dr Hafeez Shaikh on Thursday approved the establishment of the Tax Policy Unit in the Ministry of Finance to take away policy formation powers from the Federal Board of Revenue (FBR).
The decision was taken in the fifth meeting of the FBR Policy Board chaired by Mr Hafeez. It was also attended by Minister for Privatisation Mohammadmian Soomro, Commerce Adviser Abdul Razak Dawood, Adviser on Institutional Reforms Dr Ishrat Husain and Special Assistant on Revenue Dr Waqar Masood.