Citing the additional burden on the budget put by the last-ditch energy subsidies by the outgoing Imran Khan government, the World Bank on Wednesday reduced Pakistan s economic growth rate forecast for the current fiscal year by almost one per cent, reported local media.
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ISLAMABAD, Apr 14: The World Bank has slashed Pakistan’s economic growth rate forecast for the current fiscal year to 4.3 per cent, down by almost one per cent against last year, and said the last ditch energy subsidies by the outgoing government put an additional burden on budget and threaten the International Monetary Fund programme. Launching its latest ‘South Asia Economic Focus Reshaping Norms: A New Way Forward’ on Wednesday, the World Bank’s Chief Economist for South Asia Region Hans Timmer […]
World Bank Group (via Public) / South Asia Sees Slower Growth as War in Ukraine Impedes Recovery, Worsens Existing Challenges publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.