{"id":18602,"date":"2022-06-13T12:03:28","date_gmt":"2022-06-13T07:03:28","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=18602"},"modified":"2022-06-13T12:03:30","modified_gmt":"2022-06-13T07:03:30","slug":"pakistans-economic-outlook","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2022\/06\/13\/pakistans-economic-outlook\/","title":{"rendered":"The Ukraine war chief coercions to Pakistan&#8217;s economic outlook."},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">For the first time, the PML-N-led government has admitted that contract mismanagement during its previous tenure was a major source of current energy sector challenges. The PML-N-led government has identified domestic political uncertainty, the Russia-Ukraine war, higher provincial deficits, and significant losses and debts of state-owned enterprises (SOEs) as key risks to next year&#8217;s budget and medium-term macroeconomic outlook.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Finance Minister Miftah Ismail and Secretary Finance Hamed Yaqoob Sheikh have also highlighted a possible increase in expenditures due to higher subsidies and interest payments, as well as an anticipated setback in revenue collection due to import and demand contraction, posing significant risks to the federal budget in an integrity statement to parliament required under the Public Finance Act as part of the federal budget.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;The main reasons for the power sector losses include high generation costs due to more expensive technologies and poorly designed contracts, resulting in exorbitant profits for private investors and front-loading of debt repayments during the first ten years of plant operations, above-average transmission and distribution losses, and below-average recoveries of electricity bills,&#8221; the finance ministry said in a joint statement. As a result, the power sector is currently the largest recipient of government subsidies, according to the report.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the statement, Pakistan faced several fiscal risks, and significant effort was required to overcome or mitigate the potential negative effects of such risks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;The silver lining is that the country has already made significant progress in certain areas, and a number of strategies are being implemented.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the first time, the PML-N-led government has admitted that contract mismanagement during its previous<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[19],"tags":[1428],"class_list":["post-18602","post","type-post","status-publish","format-standard","hentry","category-pakistan","tag-pakistans-economic-outlook"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Ukraine war chief coercions to Pakistan&#039;s economic outlook.<\/title>\n<meta name=\"description\" content=\"The Russia-Ukraine war, higher provincial deficits, and significant losses and debts of state-owned enterprises (SOEs) as key risks to next year&#039;s budget and medium-term macroeconomic outlook.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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href=\"https:\/\/dailyrapidnews.com\/eng\/category\/pakistan\/\" rel=\"category tag\">Pakistan<\/a>","tag_info":"Pakistan","comment_count":"0","jetpack-related-posts":[{"id":12738,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/12\/27\/pakistans-economy-will-depend-on-external-support\/","url_meta":{"origin":18602,"position":0},"title":"Pakistan\u2019s economy will depend on external support","date":"December 27, 2021","format":false,"excerpt":"LAHORE: Pakistan Muslim League-N (PML-N) President Shehbaz Sharif on Monday said the proposed mini-budget of the government would leave Pakistan\u2019s economy dependent on external support. \u201cI again tell the conscientious government members and allies that mini-budget is a cup of poison, stay away from it. 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In its latest World Economic Outlook, the IMF also warned that inflation is expected to rise globally, including in Pakistan, as\u2026","rel":"","context":"In &quot;international&quot;","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2026\/07\/a-7.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":22450,"url":"https:\/\/dailyrapidnews.com\/eng\/2026\/10\/12\/pakistan-gdp-growth-to-exceed-4-this-year-aurangzeb\/","url_meta":{"origin":18602,"position":4},"title":"Pakistan GDP growth to exceed 4% this year: Aurangzeb","date":"October 12, 2026","format":false,"excerpt":"Pakistan expects its economy to grow by more than 4% during the current fiscal year despite higher oil prices and economic risks linked to the prolonged Middle East conflict, Finance Minister Muhammad Aurangzeb has said. Speaking to Bloomberg TV and Reuters on the sidelines of the annual meetings of the\u2026","rel":"","context":"In &quot;latest&quot;","img":{"alt_text":"Pakistan expects its economy to grow by more than 4% during the current fiscal year despite higher oil prices and economic risks linked to the prolonged Middle East conflict, Finance Minister Muhammad Aurangzeb has said. Speaking to Bloomberg TV and Reuters on the sidelines of the annual meetings of the International Monetary Fund (IMF) and World Bank in Bangkok, Aurangzeb outlined the government's strategy to stabilise the economy, manage external debt repayments, attract investment and accelerate privatisation. He said Pakistan had secured adequate fuel supplies without shortages, while critical sectors such as agriculture were holding up despite external pressures. Pakistan targets growth above 4% Aurangzeb said he remained confident that Pakistan's economy could record growth of more than 4% in the current fiscal year, even as elevated oil prices create challenges for the country's economic outlook. Pakistan remains vulnerable to a prolonged Middle East conflict because it depends heavily on Gulf energy imports, remittances and financing support from the region. The country also continues to rely on external financing to strengthen foreign exchange reserves and meet debt repayment obligations. The finance minister said the government was closely monitoring inflation because movements in prices can have knock-on effects on commodity costs and broader economic stability. He stressed that maintaining inflation, foreign exchange reserves and the policy rate at appropriate levels was essential to safeguarding economic stability. Pakistan expands access to int'l capital markets In his interview with Bloomberg TV, Aurangzeb said Pakistan's debt strategy was designed to broaden access to global capital markets while easing pressure from external debt repayments. Pakistan returned to international capital markets after a four-year hiatus, issuing $3 billion in Eurobonds approximately three weeks before the interview. 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