Pakistan is expected to experience “moderate
growth, stabilising after a period of economic contraction”, with its Gross
Domestic Product (GDP) projected to expand by 2.3 per cent in 2025.
As per the report, titled ‘The UN World Economic
Situation and Prospects 2025’.
Fitch Ratings upgraded Pakistan's credit rating from 'CCC+' to 'B-' in April 2025, citing several key factors:
Improved Fiscal Discipline: The government's efforts to narrow budget deficits and implement structural reforms under the IMF program contributed to the upgrade.
Structural Reforms: Pakistan's commitment to implementing structural reforms, including agricultural tax legislation and fiscal consolidation measures, was recognized by Fitch.
Economic Indicators: Positive economic indicators, such as a reduction in the government debt-to-GDP ratio and improved fiscal performance, supported the rating upgrade.
Pakistani master's student Moosa Harraj has been elected Oxford
Union president for Term 2025.
He is the fourth Pakistani to be elected to the
prestigious position.
Harraj family are considered quite influential in
Punjab’s Khanewal area.
Additional Information:
Former PM Benazir Bhutto was the first, former presidents Ahmad Nawaz was the second while Israr Khan from was the third Pakistani to be elected Oxford Union president.
