{"id":68622,"date":"2020-07-28T16:10:06","date_gmt":"2020-07-28T11:10:06","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=68622"},"modified":"2020-07-28T16:10:08","modified_gmt":"2020-07-28T11:10:08","slug":"pakistans-economy-expected-grow-july","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistans-economy-expected-grow-july.html","title":{"rendered":"Pakistan\u2019s economy expected to return to positive growth trajectory in July"},"content":{"rendered":"\n<p>Islamabad: Pakistan\u2019s economy is expected to return to its positive growth trajectory in July, following a six-month period during which the national fiscal situation was seen to contract in the wake of the (ongoing) coronavirus pandemic and its attendant lockdown restrictions, according to two recent publications by the Ministry of Finance \u2014 a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pm-approves-reduction-regulatory-restrictions-boost-economy.html\" target=\"_blank\" rel=\"noreferrer noopener\">PM approves reduction in regulatory restrictions to boost economy<\/a><\/p>\n\n\n\n<p>According to the Finance Ministry\u2019s report, the resumption in economic activities across the country further led to economic growth, based on the Monthly Economic Indicator (MEI). However, the inflation rate is also expected to rise due to the rising petroleum prices.<\/p>\n\n\n\n<p>In its report, the ministry further predicted that if the number of coronavirus cases in the country continue to decline, business activities will get back to normal. This, in turn, will bode well for the economy.<\/p>\n\n\n\n<p>Read: <a href=\"http:\/\/zameen.com\/news\/economy-recovering-from-covid-19-pandemic-governor-sbp.html\" target=\"_blank\" rel=\"noreferrer noopener\">Economy recovering from the COVID-19 pandemic: Governor SBP<\/a><\/p>\n\n\n\n<p>Reportedly, the economy had contracted by about 4.9% in the last quarter of the previous fiscal year and overall, the MEI had recorded an average growth of 0.4% due to the COVID-19 spread.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan\u2019s economy is expected to return to its positive growth trajectory in July, following a six-month period during which the national fiscal situation was seen to contract in the wake of the (ongoing) coronavirus pandemic and its attendant lockdown restrictions, according to two recent publications by the Ministry of Finance \u2014 a news source reported. Read: PM approves reduction in regulatory restrictions to boost economy According to the Finance Ministry\u2019s report, the resumption in economic activities across the country further led to economic growth, based on the Monthly Economic Indicator (MEI). However, the inflation rate is also expected to rise due to the rising petroleum prices. In its report, the ministry further predicted that if the number of coronavirus cases in the country continue to decline, business activities will get back to normal. This, in turn, will bode well for the economy. Read: Economy recovering from the COVID-19 pandemic: Governor SBP Reportedly, the economy had contracted by about 4.9% in the last quarter of the previous fiscal year and overall, the MEI had recorded an average growth of 0.4% due to the COVID-19 spread.<\/p>\n","protected":false},"author":57,"featured_media":63188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[7498,34475,35849],"persona":[],"class_list":{"0":"post-68622","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-economic-growth","9":"tag-pakistan-economy","10":"tag-pakistans-economy-expected-to-return-to-positive-growth-trajectory-in-july","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan\u2019s economy expected to grow in July - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Pakistan\u2019s economy is expected to return to its positive growth trajectory in July, following a six-month period during which the national fiscal situation was seen to contract in the wake of the (ongoing) coronavirus pandemic and its attendant lockdown restrictions, according to two recent publications by the Ministry of Finance \u2014 a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistans-economy-expected-grow-july.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan\u2019s economy expected to grow in July - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Pakistan\u2019s economy is expected to return to its positive growth trajectory in July, following a six-month period during which the national fiscal situation was seen to contract in the wake of the (ongoing) coronavirus pandemic and its attendant lockdown restrictions, according to two recent publications by the Ministry of Finance \u2014 a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistans-economy-expected-grow-july.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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