Standard & Poor's expressed fears Pakistani Rupee depreciation
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Standard & Poor’s expressed fears Pakistani Rupee depreciation

Standard & Poor’s expressed fears Pakistani Rupee depreciation

Standard & Poor’s has expressed fears of further depreciation of the Pakistani rupee, saying that by the end of the financial year 2021, the value of the dollar could reach Rs 171 while the debt-to-GDP ratio has also crossed 91 per cent. Will do

The international rating agency SNP has said in its report that the economic growth rate is likely to be 1.3 percent in the fiscal year 2020-21, as against the negative growth rate of 0.4 percent in the previous financial year.

According to the report, the current account deficit has declined to 1.6% of GDP, the trade deficit to 7.2% of GDP and the inflation rate from 8.6% last year to 6.5% this fiscal year. Likely to stay. The report further states that the fiscal deficit in the fiscal year 2020-2021 will be 8.2% of GDP while investment will be 15.7% of GDP.

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GDP in Pakistan is expected to reach 270.00 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Pakistan GDP is projected to trend around 282.00 USD Billion in 2021 and 310.00 USD Billion in 2022, according to our econometric models.

China allows Pakistan to use $1 billion to overcome the financial issues

 

Standard & Poor’s expressed fears Pakistani Rupee depreciation, Standard & Poor’s expressed fears Pakistani Rupee depreciation, Standard & Poor’s expressed fears Pakistani Rupee depreciation.

Standard & Poor’s expressed fears Pakistani Rupee depreciation
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