Pakistan achieves mere 0.92 per cent GDP growth in Q1 FY25
WEB DESK: Pakistan’s economy recorded GDP growth of 0.92 per cent in the first quarter of FY 2024-25 (1QFY25), as per the latest figures released by the Pakistan Bureau of Statistics (PBS). The agriculture and services sectors showed resilience, while the industrial sector struggled with a contraction. Sectoral performance: key
Pakistan’s GDP to grow by 2.8 pc in FY 2025: World Bank
The World Bank’s latest report forecasts a 2.8 per cent growth rate for Pakistan in the fiscal year 2025. The report highlights that 40.5 per cent of the population is expected to remain below the poverty line, stating the nation’s high poverty rate. The report points to several key issues
Pakistan inflation slows to three-year low
Pakistan’s headline inflation hit 11.1% year-on-year in July 2024, the lowest since November 2021, according to the Pakistan Bureau of Statistics (PBS). Moreover, month-on-month Consumer Price Index inflation rose by 2.1% in July 2024, compared to a 0.5% rise last month. However, urban CPI inflation stood at 13.2% year-on-year in
Dubai launches ‘long-term gaming visa’
Dubai has launched its Gaming Visa Initiative for content creators to explore employment and training opportunities in the gaming industry. It is a joint effort between companies and academic institutions to attract talented individuals, artists, and creators to the UAE. Dubai will be offering long-term cultural visas to skilled content
UN anticipates 2 pc GDP growth, 26 pc inflation for Pakistan in current FY
The UN report suggests a slight uptick in GDP growth to 2.3 % in coming FY, while projecting inflation to decrease to around 12.2 %.
