Economic growth
The Central Bank of Sri Lanka has released a monetary policy report projecting a 4.5% economic growth rate for 2025, surpassing the World Bank's estimate of 3.5%. The country is expected to achieve a 5% growth in gross domestic product by 2024, thanks to a $2.
Economic growth
Despite improved macroeconomic conditions, Pakistan's Central Bank Governor Jameel Ahmad has cautioned that the country still faces structural challenges, including a low domestic savings rate of 7.4% of GDP, leading to an over-reliance on external financing. This situation contributes to recurring external account pressures and boom-bust cycles.
Economic growth
Researchers from the NOAA Fisheries Office of Habitat Conservation conducted an analysis of 12 community-led habitat restoration projects in Florida and found that they support more than 1,000 jobs and increase economic activity. The projects, which restore coral reefs and mangroves, create estuarine and oyster habitats, and enhance seagrass
Economic growth
Faisalabad, known for its textile production, is a hub for small and medium enterprises (SMEs) that play a significant role in driving the country's economic activity. According to Dr. Sarfraz Ahmad, a strategic management specialist, SMEs have the potential to transform the socio-economic landscape of the country by
Economic growth
Zimbabwe is implementing a novel agricultural sector transformation plan, designed to amplify food security and stimulate economic development. The "Zimbabwe Legacy Program" follows the government's Vision 2030, which emphasizes a thriving, eclectic, and sustainable agricultural sector. With agriculture accounting for 11-14% of the country's
Economic growth
Pakistan's new budget emphasizes the attraction of foreign direct investment, reduction of trade deficits, support for small and medium enterprises, and promotion of youth entrepreneurship. Federal Minister for Investment Qaiser Ahmed Shaikh highlighted the importance of creating an investor-friendly climate and implementing structural reforms to address the country&
Economic growth
Inflation and interest rates will be the focal points this week as the Bank of Canada releases its second-last inflation data before the September interest-rate decision. The central bank is expected to hold interest rates unchanged, but investors will be keenly watching core inflation, which has been above 3 per
Economic growth
Despite India's significant structural improvements in the economy, including successful navigation of the global financial crisis, Covid, and other shocks, it took the credit rating agency S&P 18 years to recognize these changes and upgrade the country's sovereign credit rating. The economy has grown
Economic growth
The Governor of the State Bank of Pakistan, Jameel Ahmad, emphasized the importance of advanced and varied capital markets in achieving sustainable economic growth during a conference on "Unlocking the Capital Markets Potential for Banks". Key stakeholders, including Finance Minister Muhammad Aurangzeb and PSX Chairperson Dr. Shamshad Akhtar,
Economic growth
China's economic performance in the first half of this year has been marked by stability and progress, according to recent data and assessments from international organizations. S&P Global Ratings has maintained China's sovereign credit rating at "A+" with a "stable"
Economic growth
The government of Pakistan has recognized the crucial role of Small and Medium Enterprises (SMEs) in driving economic growth, and a National Steering Committee, led by the Prime Minister, is working to revitalize the sector through a comprehensive business plan. This plan aims to improve access to finance, boost export
Economic growth
President Abdel Fattah El-Sisi emphasized the need to continue efforts to increase dollar earnings, attract more foreign investment, and empower the private sector during a meeting with the Governor of the Central Bank of Egypt, Mr. Hassan Abdallah. The President's directives aim to enhance incentives for economic opportunities
