State Bank Second Quarterly Report on “The State of Pakistan’s Economy” for FY 2019-20

BusinessState Bank Second Quarterly Report on “The State of Pakistan's Economy” for...

KARACHI, Pakistan: The State Bank of Pakistan has released its Second Quarterly Report on “The State of Pakistan’s Economy” for the Fiscal Year 2019-20.

According to the report, stabilization efforts and regulatory measures have yielded notable improvements during the first half of Fiscal Year 2020.

The current account deficit has contracted to a six-year low, foreign exchange reserves have increased, the primary budget has recorded a surplus, and core inflation has lately eased.

Click Here to Read State Bank Second Quarterly Report on The State of Pakistan’s Economy for FY 2019-20

Importantly, export-based manufacturing has shown signs of traction and construction activities have picked up, indicating that the economy is on the path of recovery.

The progress under the International Monetary Fund (IMF) program has remained on track and the credit rating agencies maintained their stable outlook for Pakistan during the review period.

The report says that improvements having been achieved in some areas are tentative and require deep structural reforms to put the economy on a firm path towards sustainable growth.State Bank Report on The State of Pakistan's Economy - The State Bank of Pakistan has released its Second Quarterly Report on "The State of Pakistan's Economy" for the Fiscal Year 2019-20.

 

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Pakistan emerging as hub of ICT, digital innovation in the region: IT Minister

0
ISLAMABAD, Pakistan: The Caretaker Federal Minister for Information Technology and Telecommunication Dr. Umar Saif has said that Pakistan is the emerging digital hub of...

Interbank Dollar Rate Today in Pakistan – 4 December 2023

0
Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for December 04,...

Human security in Pakistan – an Analysis

0
By Qurat-Ul-Ain ShabbirRecently published Pakistan’s first ever report on human security authored by Hafiz A. Pasha holds significant importance in evaluating the overarching human...

Cure and healing

0
By Dr. Attia AnwarAs a physician, we always deal with the diseases. Some diseases happen and then go completely and we say the patient...

Efforts towards polio eradication achieved significant success: Health Minister

0
DUBAI, UAE: The Federal Minister of Health Dr. Nadeem Jan addressed the “Reaching the last Mile” Forum related to polio in COP 28 in...
Advertisement