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MayPakistan’s GDP contracts to 0.29pc in FY23
By Mehtab Haider Published in The News on May 25, 2023 ISLAMABAD: Pakistan’s provisional GDP growth rate remained dismally low and stood at 0.29 percent for the outgoing financial year 2022-23 against the revised figure of 6.1 percent in the last financial year 2021-22. Against the original target of 5 […]
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MayProposals on austerity
By Shahid Kardar Published in Dawn on May 25, 2023 GOVERNMENT finances are stretched to breaking point with no serious effort to rein in expenditures of an entrenched ‘entitlement culture’ whose cost is much more than what the country can afford. The political leadership and state functionaries treat public money[…]
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MayRupee hits all-time low against dollar amid demand-supply gap
By Salman Siddiqui Published in The Express Tribune on May 23, 2023 KARACHI: The Pakistani currency experienced a sharp decline, dropping 1.31% or Rs4 in a single day, reaching a new all-time low at Rs305 against the US dollar on Monday. This downward trend has persisted over the past four[…]
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MayOnly 10% IT graduates employable: SBP
By Usman Hanif Published in The Express Tribune on May 20, 2023 KARACHI: The State Bank of Pakistan (SBP) has raised concerns over Pakistan’s information technology (IT) sector, revealing that a mere 10 % of IT graduates possess the necessary skills to secure employment in the industry. The SBP’s half-year[…]
