Good news and unexpected also. Instead of falling further then last month it increased. Keeping in mind many Pakistanis lost there jobs and already returned back.
Why would Pakistan go in recession? What is recession? its not like GDP goes in negative one time for recession it has to go negative for multiple quaters. And it looks Pakistan will rise strongly after this financial year. Especially if construction sector does its job
Moody’s sees Pakistan growth rates sliding to 2pc.
It will be between 2 to 2.5as per moody today
No recession.
https://www.dawn.com/news/1546003/moodys-sees-pakistan-growth-rates-sliding-to-2pc
His role was one of key most difficult one and some how he was successful. Now to search a new person in his role will be challenging for gov keeping in mind targets for tax collection is really really tough and we already falling behind the target.
Only things Pakistan can export. Citrus, mangoes or agriculture which is all God gift. We did not do much for us in many years. We should establish more industry on emergency bases.
Trade deficit 11.64 billion - remittance 11.39 billion = total Current account deficit = 0.15 billion.
Which is great achievement.
Can at the end of year, turn in surplus.