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Unsurprisingly, the World Bank has given a pessimistic prognosis of Pakistan’s moribund economy. On Tuesday, it said the country’s economic growth is expected to pick up — slightly — from the current fiscal year (after contracting 0.2pc last year) but would remain below 3pc for the next two years as “policy constraints to sustainable economic growth remain unaddressed”.
Global lender asks Pakistan to revamp personal income tax system
Pakistan’s options are few at this point: it can either head towards the abyss or get its act together to dodge economic devastation.
World Bank has said 40 percent of Pakistanis are currently living below the poverty line in the financially-hit nation.
ACCIDENTALLY, the World Bank has issued a dire assessment of Pakistan's stagnant economy. The country's economic growth is predicted to