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Ratan

Chief Minister (5k+ posts)

The Express Tribune: June 07 2021​

Pakistan succeeded in reviving economy despite Covid pandemic: Forbes​

US magazine Forbes lauds govt’s efforts saying even US and India faced difficulties in dealing with the pandemic.
Leading American business magazine Forbes has lauded the government's efforts to tackle pandemic and to stabilize and grow Pakistan's economy, saying that the government has been successful in reviving its economy through prudent policies which is expected to grow at 4%.

Successful management to tackle the pandemic and the success of IMF programme, as evidenced by the 4% GDP growth, is a testament to Pakistan's growth potential and good investment opportunities, the magazine said.

It said when countries like United States and India have had difficulties in dealing with the coronavirus pandemic. Pakistan has succeeded in reviving its economy, which is expected to grow at a rate of about 4%, exceeding initial estimates in 2021.

The State Bank of Pakistan (SBP) initially forecast a 3% increase in the GDP, while the International Monetary Fund (IMF) and the World Bank forecast an increase of 1.5% and 1.3%, respectively.

According to the report, the services sector, which is projected to grow at a rate of 4.43% in 2020-2021, contributes significantly to the overall growth. This is certainly noteworthy for a country like Pakistan which is succeeding in expanding its services sector. The growth rate of the agricultural sector is estimated at 2.77% while that of the industrial sector is 3.57%.

The situation in India is dire, with an incredible number of 28,441,986 cases of corona and 338,013 deaths.
last week, on May 26 and 27, the Pakistan Stock Exchange (PSX) had witnessed the highest ever buying and selling of 1.56 billion shares and 2.21 billion shares, respectively.

Pakistani investors and traders are optimistic and enthusiastic about the public budget and proposals for further growth.

According to SBP Governor Reza Baqir, flexible monetary and monetary policy has led to unprecedented growth in Pakistan's gross domestic product (GDP). The SBP hastily reduced the policy rate by 625 basis points to 7%. An aid package equal to 5% of GDP was provided.
 
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pinionated

pinionated

Minister (2k+ posts)
To be honest, people from subcontinent r not much different… They r short sighted, emotionally charged, khanchey baaz and opportunistic… history shows that they can be easily converted to patwaris, bhagt, jiyalaas, haree pagree, talibaan etc.
Of course, under the right leadership they can produce Exceptional results. Pakistan is currently lucky in that respect
 
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