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World Bank projects primary balance at negative 0 4pc

ISLAMABAD: The World Bank has projected a primary balance for Pakistan at negative 0.4 percent (-0.4) for the.

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Pakistan s GDP projected to recover to 1 7% in FY24: World Bank - Pakistan

This is 'predicated on the robust implementation of the IMF Stand-By Arrangement, new external financing and continued fiscal restraint'

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Poverty headcount in Pakistan reached 39 4% in FY23, projects World Bank - Pakistan

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

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Economic crisis: Pakistan in talks with China, Saudi Arabia to secure $11 billion

Pakistan is in talks with China and Saudi Arabia for $11 billion to secure an IMF bailout and avoid a full-blown economic crisis.

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75 years after independence, 40% of Pakistanis live below the poverty line; and its economic model is not working

Pakistan s economic model is ineffective in reducing poverty, warns World Bank.

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