Pakistan to maintain steady GDP growth rate despite floods, sit-ins: Dar

BusinessPakistan to maintain steady GDP growth rate despite floods, sit-ins: Dar

1412945717_d

WASHINGTON: The federal minister for finance Ishaq Dar has said that Pakistan will maintain a steady GDP growth rate despite floods and sit-ins that have hurt the national economy.

In his address to South Asian experts and students at Johns Hopkins University’s School of Advanced International Studies in Washington, the minister said that as a result of government policies, Pakistan has been able to achieve a growth rate of four percent previous year, and is set to achieve five percent growth this year.

The finance minister said that international financial institutions including the World Bank and the International Monetary Fund (IMF) have reposed confidence in Pakistan’s economic prospects and Moody’s changed the outlook form negative to positive.

The minister noted that politics of marches and sit-ins have harmed progress in some areas. For instance, the demonstrations have delayed inflows of around $2.6 billion including the $550 million IMF tranche.

Must read

Recent News

Pakistani students participate in Harvard Model United Nations Dubai 2025

Pakistani students participate in Harvard Model United Nations Dubai 2025

0
Press ReleaseDubai, UAE: Harvard University’s International Relations Council (IRC), in collaboration with WorldView Education, organized the Harvard Model United Nations (HMUN) Dubai 2025 from...

Indian Visa Bumper Sale for Afghans

0
Monitoring Desk: After establishing a strategic partnership, India reopened the "e-Emergency X-Misc Visa" category for Afghans this week in Dubai so both countries can...
Hassan Niazi convicted for May 9 mutiny

Is there any legal justification to set up Judicial Commission on May 9 events...

0
Islamabad, Pakistan: There is a debate going on in journalistic circles about why the should government entertain the demand of PTI to set up...

The war against terrorism is ongoing and we would take it to its logical...

0
Peshawar, Pakistan: General Syed Asim Munir, Chief of Army Staff (COAS) has said that forces as well as the nation are sending a clear...

Syrian nursery of Jihadis, the proximity of Afghanistan may destabilize Central Asia, claims a...

0
Monitoring Desk: Syrian land has become a nursery for global terrorists for nurturing radicalization among Muslim youth and the presence of terrorists such as...
Advertisement