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.
Ag APPBy News DeskISLAMABAD: Pakistan on Thursday announced to suspend trade cooperation with India, close Wagah...
KARACHI: In a press briefing on Thursday, State Department Spokesperson Tammy Bruce said that the US is not taking a...
ISLAMABAD: Prime Minister Shehbaz Sharif Thursday announced that no new canal will be built without mutual...
ISLAMABAD: The federal government has officially invited expressions of interest (EOIs) from potential investors for...
ISLAMABAD: Islamabad-based US diplomat Zach Harkenrider Thursday met Pakistan Tehreek-e-Insaf (PTI) Chairman Barrister...
KARACHI: The Pahalgam attack has not only reignited diplomatic tensions between India and Pakistan but also cast fresh...
ISLAMABAD: India on Thursday formally informed Pakistan that New Delhi has held the Indus Waters Treaty 1960 in...
ExplainerBy News DeskAg AgenciesNEW DELHI/KARACHI: The Indus Waters Treaty (IWT), which has endured two wars and...