Tag: #EconomicGrowth
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Textile exports record 4.10pc growth in four months
Lahore (19th Nov, 2019): Textile sector exports witnessed about 7.44 per cent growth in month of October. Textile group exports from the country during first four months (July-October) of current financial year increased by 4.10 per cent as compared the exports of the corresponding period of the previous year. Meanwhile, textile sector exports witnessed…
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Pakistan asks IMF to let it issue sovereign bonds
Islamabad (1 Nov, 2019): Economic review talks between Pakistan and the IMF are under way and one of the issues Pakistan has brought up is the IMF’s condition capping the amount of sovereign bonds the government can issue. A sovereign or government bond is basically a guarantee the government gives when taking a loan. But…
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Indian economy in big trouble
NEW DELHI (17th Oct, 2019): India is likely to miss its fiscal deficit target of 3.3% of gross domestic product (GDP) for financial year 2019. The government of India is now trying its best to cap the fiscal deficit for 2019/20 at 3.8% of Gross Domestic Product from the target set during the budget presentation…
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PM Considers Agriculture as Central to Economic Growth, Claims Dr. Abdul Hafeez Sheikh
Dr. Abdul Hafeez Sheikh, serving as Adviser to PM on Finance and Revenue, has stated that the Prime Minister considers agriculture to be main pivot to economic growth. According to sources, Dr. Abdul Hafeez Sheikh, Adviser to PM on Finance and Revenue, has stated that the government is focusing on the agricultural sector by means…