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ISLAMABAD —Pakistan’s economy slowed sharply in FY23 with real GDP estimated to have contracted by 0.6%. According to the World Bank’s latest Pakistan Development Update: Restoring Fiscal Sustainability, released today, the decline in economic activi
This is 'predicated on the robust implementation of the IMF Stand-By Arrangement, new external financing and continued fiscal restraint'
Expects poverty reduction to be gradual in the medium term, owing to weak growth and lower labor income, persistent inflation (especially for food and energy), and lower remittances
Says Pakistan's economy slowed sharply in FY 2023, emphasises need for "careful economic management" to maintain macroeconomic stability.
At the UN SDG Summit in New York, the Forus global civil society network is calling for decisive action on SDG implementation. Clearly, as we hit the midpoint towards the "finish line" of the Agenda 2