No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8
No Result
View All Result
No Result
View All Result

World Bank forecasts Pakistan’s GDP growth at 2pc

News Desk by News Desk
January 11, 2023
in Business, Featured, Latest News, National, News, Top News
Reading Time: 1 min read
World Bank forecasts decrease in Pakistan’s GDP growth
Share on FacebookShare on Twitter

ISLAMABAD: The World Bank has revised its projection of the GDP growth of Pakistan, stating that the country is expected to grow at 2 per cent against the 4pc predicted in June last year. The revision in forecast has been attributed to overall slowdown and the horrific floods in the country.

It is also pertinent to mention here that the World Bank has brought down the projected global growth rate to 1.7pc against the 3pc it had predicted previously. The global lending body argues that the slow growth rate has been compounded by increasing interest rates, uncontrollable inflation and the Russia-Ukraine war.

It has also noted that the deteriorating economic conditions have given rise to poverty in Pakistan. The country faces a myriad of challenges both at political and economical levels. It is yet to see how the country responds to the challenges that face it.

Related

News Desk

News Desk

Related Posts

PCB to create history by naming enclosures of Bugti cricket stadium after former women's cricketers of Pakistan cricket team
Featured

PCB to create history by naming enclosures of Bugti cricket stadium after former women’s cricketers of Pakistan cricket team

January 26, 2023
WhatsApp decides to make users' life easier with new updates
Latest News

WhatsApp decides to make users’ life easier with new updates

January 26, 2023
PSX in green zone after historic devaluation of rupee; KSE-100 index gains over 1000 points
Business

PSX in green zone after historic devaluation of rupee; KSE-100 index gains over 1000 points

January 26, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TOP NEWS

PCB to create history by naming enclosures of Bugti cricket stadium after former women's cricketers of Pakistan cricket team

PCB to create history by naming enclosures of Bugti cricket stadium after former women’s cricketers of Pakistan cricket team

by admin
January 26, 2023

Lahore: For the first time in the history of cricket any enclosure of a cricket stadium will be named after...

PSX in green zone after historic devaluation of rupee; KSE-100 index gains over 1000 points

PSX in green zone after historic devaluation of rupee; KSE-100 index gains over 1000 points

by Zain Aijaz
January 26, 2023

The devaluation of Pakistani currency (Rupee Devaluation) has created a positive sentiment in the market at the Pakistan Stock Exchange...

ICC names Babar Azam ODI player of the year for consecutive second year

ICC names Babar Azam ODI player of the year for consecutive second year

by Zain Aijaz
January 26, 2023

The captain of the national cricket team, Babar Azam, has been declared the ICC ODI Player of the Year for...

Pakistan seeks US help for revival of IMF programme

Pakistan seeks US help for revival of IMF programme

by Zain Aijaz
January 26, 2023

Islamabad: On Wednesday, Pakistan reached out to the delegation of the United States (US) in an attempt to seek their...

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8

Copyright © 2022 The Upcut. All rights reserved.