{"id":70584,"date":"2020-09-17T10:00:00","date_gmt":"2020-09-17T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70584"},"modified":"2020-09-16T17:46:47","modified_gmt":"2020-09-16T12:46:47","slug":"adb-economic-recovery-fy","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html","title":{"rendered":"ADB predicts 2% economic recovery in Pakistan for FY2020-21"},"content":{"rendered":"\n<p>Islamabad: The Asian Development Bank (ADB) has predicted that Pakistan\u2019s economic recovery by 2% during (Fiscal Year) FY2020-21, according to a news story published today (September 16). However, the bank clarified that this recovery is subject to the country\u2019s ongoing COVID-19 situation and the continuation of structural reforms under the International Monetary Fund (IMF) programme.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pakistans-economic-growth-dependent-on-reforms-under-imf-package-adb.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pakistan\u2019s economic growth dependent on reforms under IMF package: ADB<\/a><\/p>\n\n\n\n<p>The <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/adb-approves-funds-for-a-pro-poor-fiscal-stimulus.html\" target=\"_blank\">ADB<\/a> released these findings in its Asian Development Outlook (ADO) update, which covers a number of countries in the region. The report stated that the country\u2019s agriculture sector would be a major contributor to its GDP growth and economic recovery. In addition, industrial growth is also expected during the fiscal year. Moreover, the inflation rate is expected to go down to 7.5% in the same time period, and the fiscal deficit is anticipated to decline to 7%.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/adb-finance-water-agriculture-projects-punjab.html\" target=\"_blank\" rel=\"noreferrer noopener\">ADB to finance water, agriculture projects in Punjab<\/a><\/p>\n\n\n\n<p>The main obstacles that may prevent these predictions from coming true are a possible resurgence of the COVID-19 pandemic, and the failure to implement requisite financial reforms. Otherwise, the current account deficit is expected to remain at around 2.4% of the GDP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Asian Development Bank (ADB) has predicted that Pakistan\u2019s economic recovery by 2% during (Fiscal Year) FY2020-21, according to a news story published today (September 16). However, the bank clarified that this recovery is subject to the country\u2019s ongoing COVID-19 situation and the continuation of structural reforms under the International Monetary Fund (IMF) programme. Read: Pakistan\u2019s economic growth dependent on reforms under IMF package: ADB The ADB released these findings in its Asian Development Outlook (ADO) update, which covers a number of countries in the region. The report stated that the country\u2019s agriculture sector would be a major contributor to its GDP growth and economic recovery. In addition, industrial growth is also expected during the fiscal year. Moreover, the inflation rate is expected to go down to 7.5% in the same time period, and the fiscal deficit is anticipated to decline to 7%. Read: ADB to finance water, agriculture projects in Punjab The main obstacles that may prevent these predictions from coming true are a possible resurgence of the COVID-19 pandemic, and the failure to implement requisite financial reforms. Otherwise, the current account deficit is expected to remain at around 2.4% of the GDP.<\/p>\n","protected":false},"author":58,"featured_media":63438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15019],"tags":[6445,39638,11728],"persona":[],"class_list":{"0":"post-70584","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-research-analysis","8":"tag-adb","9":"tag-economic-recovery","10":"tag-imf","11":"cat-15019-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ADB predicts 2% economic recovery for FY20-21 - Zameen News<\/title>\n<meta name=\"description\" content=\"The ADB has predicted 2% economic recovery in Pakistan for the Fiscal Year 2020-2021. However, this is subject to COVID-19 and the IMF package.\" \/>\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\/adb-economic-recovery-fy.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB predicts 2% economic recovery for FY20-21 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The ADB has predicted 2% economic recovery in Pakistan for the Fiscal Year 2020-2021. However, this is subject to COVID-19 and the IMF package.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:author\" content=\"atif_zameen_dev\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-17T05:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/ADB.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shanzay Asim\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shanzay Asim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ADB predicts 2% economic recovery for FY20-21 - Zameen News","description":"The ADB has predicted 2% economic recovery in Pakistan for the Fiscal Year 2020-2021. However, this is subject to COVID-19 and the IMF package.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html","og_locale":"en_US","og_type":"article","og_title":"ADB predicts 2% economic recovery for FY20-21 - Zameen News","og_description":"The ADB has predicted 2% economic recovery in Pakistan for the Fiscal Year 2020-2021. However, this is subject to COVID-19 and the IMF package.","og_url":"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_author":"atif_zameen_dev","article_published_time":"2020-09-17T05:00:00+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/ADB.jpg","type":"image\/jpeg"}],"author":"Shanzay Asim","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Shanzay Asim","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html"},"author":{"name":"Shanzay Asim","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/32f7a47cf2283e1bb9d09fca10cd6b74"},"headline":"ADB predicts 2% economic recovery in Pakistan for FY2020-21","datePublished":"2020-09-17T05:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html"},"wordCount":204,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/ADB.jpg","keywords":["ADB","economic recovery","IMF"],"articleSection":["Research &amp; Analysis"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html","url":"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html","name":"ADB predicts 2% economic recovery for FY20-21 - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/ADB.jpg","datePublished":"2020-09-17T05:00:00+00:00","description":"The ADB has predicted 2% economic recovery in Pakistan for the Fiscal Year 2020-2021. However, this is subject to COVID-19 and the IMF package.","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/ADB.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/ADB.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/adb-economic-recovery-fy.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"ADB predicts 2% economic recovery in Pakistan for FY2020-21"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/32f7a47cf2283e1bb9d09fca10cd6b74","name":"Shanzay Asim","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/d48096a6a4132dfadc6dec92fed23d238b12d0d1ae004dec64919017069f6321?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d48096a6a4132dfadc6dec92fed23d238b12d0d1ae004dec64919017069f6321?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d48096a6a4132dfadc6dec92fed23d238b12d0d1ae004dec64919017069f6321?s=96&d=mm&r=g","caption":"Shanzay Asim"},"description":"Shanzay Asim is a content developer at Zameen.com.","sameAs":["atif_zameen_dev"],"url":"https:\/\/www.zameen.com\/news\/author\/shanzay-asim"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/70584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=70584"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/70584\/revisions"}],"predecessor-version":[{"id":70592,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/70584\/revisions\/70592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/63438"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=70584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=70584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=70584"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=70584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}