ISLAMABAD: State Bank of Pakistan Governor Jameel Ahmad said on Monday that GDP growth in the current fiscal year (2022-23) will remain below 2 per cent.
Talking to Geo News in its show Aaj Shahzeb Khanzada Kay Sath , the central bank chief said that market is expected to get normal after completion of IMF programme. He said that disparity between open market andinter-bank rates of the dollar would end only after the conclusion of the IMF programme or there is such a surge in inflows that can address the debt servicing concerns.
Ahmad said that current account deficit will dip from expected $10 billion to less than $9 billion with decrease in imports, adding that the commercial banks have been directed to clear the backlog of imports at the ports.
He said that there was no room for lowering the expenditure, adding that we ll have to boost our revenues. The SBP governor said that our tomorrow would be better if we take difficult decisions today.
By News DeskISLAMABAD: Justice Qazi Faez Isa Saturday stated that the Judicial Commission (JC) probing the alleged...
LAHORE: Maryam Nawaz, the chief organizer of PMLN, has said the Chief Justice’s action to halt the commission’s...
KARACHI/ ISLAMABAD/LAHORE: Saturday was yet another bad day for former premier Imran Khan when dozens more of his...
ISLAMABAD: Interior Minister Rana Sanaullah late Saturday night said the country’s intelligence agencies had...
LAHORE: The Punjab Home Department has constituted five different joint investigation teams (JITs) to conduct an...
ISLAMABAD: At least 10 people lost their lives and 26 others sustained injuries when an avalanche hit the Astore...
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Saturday said the country’s defence, sovereignty, national...
By News DeskISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s talks offer to the coalition government...