Search results
Results from the WOW.Com Content Network
Balance of payments concerns have also reemerged as a result of a significant increase in imports and weak export and remittance growth. In its South Asian Growth report, the World Bank stated: "In Pakistan, gradual recovery to around 4.5 per cent growth by 2016 is aided by low inflation and fiscal consolidation. Increases in remittances and ...
Poverty in Pakistan has been recorded by the World Bank at 39.3% using the lower middle-income poverty rate of US$ 3.2 per day for the fiscal year 2020–21. [1] In September 2021, the government stated that 22% percent of its population lives below the national poverty line [ 2 ] set at Rs.
During that period economy of Pakistan remained in poor shape and Pakistan had to go to IMF again for record third in the period of Bhutto government. [3] As per few sources, this was the most corrupt government in the history of Pakistan. This time Pakistan got an amount of US$294,690 (equivalent to $589,251 in 2023) on 13 December 1995. [3]
In the first four years of the twenty-first century, Pakistan's KSE 100 Index was declared the best-performing stock market index in the world by the international magazine "Business Week". [ 47 ] [ citation needed ] The stock market capitalization of listed companies in Pakistan was valued at $5,937 million in 2005 by the World Bank . [ 48 ]
After independence, the State Bank of Pakistan was established as the central bank of the country, with its headquarters in Karachi. Prior to independence, the Reserve Bank of India acted as the central bank for what became Pakistan. Under pressure from the International Monetary Fund, Pakistan implemented economic reforms in the late 1990s. [1]
In August 1968, Robert S. McNamara, then President of the World Bank, formed the commission, asking former Canadian Prime Minister and Nobel Peace Prize winner Lester B. Pearson to head the commission. On September 15, 1969, Pearson and seven colleagues on the Commission on International Development delivered their report, Partners in ...
However it is ironic that what the country depends on for its growth is also what threatens the future welfare and success of the country. According to the World Bank, [4] 70% of Pakistan's population live in rural areas and are already stricken by high poverty levels. These people depend on natural resources to provide income and tend to ...
Syed Salim Raza (also spelt Reza) is a British Pakistani banker and financier who served as the 15th Governor of State Bank of Pakistan. [ 1 ] [ 2 ] In September 2018, Raza was appointed to the Economic Advisory Council (Pakistan) , the Prime Minister's Economic Advisory Council.