{"id":79919,"date":"2021-09-23T11:38:43","date_gmt":"2021-09-23T06:38:43","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=79919"},"modified":"2021-09-23T11:38:49","modified_gmt":"2021-09-23T06:38:49","slug":"adb-predicts-4-growth-rate","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/adb-predicts-4-growth-rate.html","title":{"rendered":"ADB predicts Pakistan\u2019s 4% growth rate in FY22"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad: The Asian Development Bank (ADB) projected that the country\u2019s growth will be 4% in the Fiscal Year 2022 (FY22) after business activity slowly resumes in the second year of COVID-19, according to news published on Wednesday (September 22).\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/faisalabad-to-get-adb-funded-wastewater-treatment-plant-soon.html\" target=\"_blank\" rel=\"noreferrer noopener\">Faisalabad to get ADB-funded wastewater treatment plant soon<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As per the Asian Development Outlook 2021 Update, economic growth anticipates recovery in private investment as business activity and consumer confidence increase because of several economic stimulus measures announced in the budget, and a firm vaccine rollout. Further, the investment is expected to increase due to the execution of the International Monetary Fund (IMF)-supported programmes and improving global sentiment.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ADB predicted growth in the agriculture sector, mainly because of the government\u2019s Agriculture Transformation Plan. It was also reported that the increased growth in industry and agriculture and expected increase in domestic demand were anticipated to raise growth in the services sector.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the ADB report, the revenue growth is forecasted to increase as the domestic economic activity and imports improve. It was disclosed that the expenditure is predicted to rise in FY22 due to the budgeted increases in development spending and subsidies.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/adb-shikarpur-rajanpur-highway.html\" target=\"_blank\" rel=\"noreferrer noopener\">ADB approves funds to upgrade Shikarpur-Rajanpur highway<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Moreover, it is expected that the export growth will accelerate with the help of the projected upturn in economic activity. It was also revealed that the remittances will remain high supported by the <a href=\"https:\/\/www.zameen.com\/news\/foreign-exchange-inflows-via-rda-reach-usd-2-11bn.html\" target=\"_blank\" rel=\"noreferrer noopener\">Roshan Digital Accounts <\/a>programme, which will help in reducing the current account deficit.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Asian Development Bank (ADB) projected that the country\u2019s growth will be 4% in the Fiscal Year 2022 (FY22) after business activity slowly resumes in the second year of COVID-19, according to news published on Wednesday (September 22).\u00a0 Read: Faisalabad to get ADB-funded wastewater treatment plant soon As per the Asian Development Outlook 2021 Update, economic growth anticipates recovery in private investment as business activity and consumer confidence increase because of several economic stimulus measures announced in the budget, and a firm vaccine rollout. Further, the investment is expected to increase due to the execution of the International Monetary Fund (IMF)-supported programmes and improving global sentiment.&nbsp; ADB predicted growth in the agriculture sector, mainly because of the government\u2019s Agriculture Transformation Plan. It was also reported that the increased growth in industry and agriculture and expected increase in domestic demand were anticipated to raise growth in the services sector.&nbsp; According to the ADB report, the revenue growth is forecasted to increase as the domestic economic activity and imports improve. It was disclosed that the expenditure is predicted to rise in FY22 due to the budgeted increases in development spending and subsidies.\u00a0 Read: ADB approves funds to upgrade Shikarpur-Rajanpur highway Moreover,&hellip;<\/p>\n","protected":false},"author":83,"featured_media":63438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[48379,24453,48382,48383,48381,37200],"persona":[],"class_list":["post-79919","post","type-post","status-publish","format-standard","has-post-thumbnail","category-notices-announcements","tag-adb-predicts-pakistans-4-growth-rate-in-fy22","tag-asian-development-bank-adb","tag-countrys-growth-will-be-4-in-the-fiscal-year-2022","tag-growth-in-the-agriculture-sector","tag-revenue-growth-is-forecasted","tag-roshan-digital-accounts","cat-15017-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ADB predicts Pakistan\u2019s 4% growth rate in FY22 - Zameen News<\/title>\n<meta name=\"description\" content=\"The Asian Development Bank (ADB) projected that the country\u2019s growth will be 4% in the Fiscal Year 2022 (FY22) after business activity slowly resumes....\" \/>\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-predicts-4-growth-rate.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADB predicts Pakistan\u2019s 4% growth rate in FY22 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Asian Development Bank (ADB) projected that the country\u2019s growth will be 4% in the Fiscal Year 2022 (FY22) after business activity slowly resumes....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/adb-predicts-4-growth-rate.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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