The economy of Pakistan has entered a growth phase, Reza Baqir, governor of the State Bank of Pakistan (SBP), has said. He added that the economy has recently stabilized.
“We can say with confidence that we have put the worst behind us,” Baqir said at the CEO Summit Asia 2020 as quoted by the Tribune.
“Exports of the country grew 4.5 percent in the first half of [the] current financial year,” according to the banker. He noted that exports to some countries such as India, Thailand, Indonesia and Malaysia have fallen.
“Businesses of the country hold a very bright future,” Baqir said, adding that the public sector significantly supported the growth of the private sector.
He also noted the central bank’s input in the growth of economy and exports. He added that Pakistan’s stock market has paid “a return of up to 12 percent on investments by foreign investors.”
Online shopping was booming in Russia last year, with trade volumes increasing by nearly 60 percent compared to 2019, according to a business group representing major online retailers operating in...
Investing in bitcoin has already yielded US electric car producer Tesla its first gains of around $1 billion. The figure leaves the company's profits from selling its electric vehicles (EV)...
The volume of trade between Russia and Germany declined by 22.2 percent in 2020, year-on-year, to €44.9 billion ($54.4 billion), according to data from the German Committee on Eastern European...
