The Washington-based lender’s apprehension comes from a sluggish economic growth rate of 1.8 percent, coupled with soaring inflation, a staggering 26 percent in the current fiscal year.
The World Bank’s biannual Pakistan Development Outlook report painted a grim economic picture, indicating that the country is set to miss almost all major macroeconomic targets.
The international lender said the country is anticipated to fall short of its primary budget target, remaining in deficit for three consecutive years, contrary to the International Monetary Fund’s stipulations mandating a surplus.
Bu hikaye The Daily Guardian dergisinin April 04, 2024 sayısından alınmıştır.
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Bu hikaye The Daily Guardian dergisinin April 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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