SBP chief insists economy will grow by around 5% in FY2022
World Bank has lowered Pakistan's growth target to 3.4% for the current fiscal year in its latest report
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World Bank has lowered Pakistan's growth target to 3.4% for the current fiscal year in its latest report
Differences in figures for Pakistan’s gross domestic product or GDP growth rate for previous and current fiscal years between the World Bank and the Pakistan government was because of uncertainties of the Covid-19 pandemic, said World Bank’s Country Director for Pakistan Najy Benhassine on Thursday, hoping that final growth rate would be on the higher side. The World Bank in its report published on Thursday projected Pakistan’s GDP growth forecast for the fiscal year 2021-22 (FY22) at 3.4% against Islamabad’s target of 4.9% for the year. Similarly, the report also pegged the GDP growth...
Over the last two decades, share of exports in GDP has declined from 16pc to 10pc.
Over the last two decades, share of exports in GDP has declined from 16pc to 10pc.
Strengthening exports critical for Pakistan's sustained economic growth: World Bank