Pakistan’ economy witnessing V shaped recovery, says minister

Pakistan’ economy witnessing V shaped recovery, says minister

Pakistan' economy witnessing V shaped recovery, says minister

an hour ago

A woman sells bangles with the colours of Pakistan's national flag in Karachi on Sunday. Agence France-Presse

Minister for Planning and Development Asad Umar said that Moody's reconfirmation of Pakistan's credit rating with a stable outlook reflected that Pakistan's economy was witnessing a 'V' shaped recovery amid COVID-19 pandemic.

In the middle of a global pandemic it was a testimony to the 'V' shaped recovery, Pakistan had seen, Umar said in his tweet.

He said the economic recovery could become possible due to prime minister Imran Khan's balanced approach to safeguarding national health and livelihoods, delivering success on both counts.

Meanwhile the State Bank of Pakistan (SBP) has enhanced the limits for housing finance and microenterprise loans up to Rs3 million from the