The current state of Pakistan's Economy in 2023 GDP Growth: Pakistan’s economy is expected to grow by only 0.4% in the current fiscal year ending June 2023. Economic Contraction: Pakistan’s economy is estimated to have contracted in FY-23, after two consecutive years of growth. GDP Decline: Real gross domestic product (GDP) is estimated to have declined by 0.6% in FY-23. Inflation: Inflation is running at over 30 percent – a 50-year high. Poverty Rate: The lower middle-income poverty rate is expected to increase to 37.2% in FY-23. Economic Crisis: The resolution of Pakistan’s economic crisis requires a commitment to sustained macro-fiscal and structural reforms. Fiscal Consolidation: An inconsistent policy response undermined progress with planned fiscal consolidation. Foreign Exchange Reserves: Foreign reserves remain at precariously low levels. Inflation: Inflation is at a record high. Private Sector Activity: Private sector activity has slowed sharply with deteriorating consumer...
Warren Buffett Buffett has spent the past three years on a spending spree, pumping some $90 billions of Berkshire Hathaway’s cash into stocks, share buybacks and the $11.5 billion acquisition of insurance firm Alleghany Corp., which closed in October. In late March the Oracle of Omaha, a veteran of market crises, reportedly advised the Biden administration on bank runs and discussed possible investments in regional banks. Net worth: $106 Billion Source of Wealth: Berkshire Hathaway Age: 92 Citizenship: United States Photo Gallery