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World Bank economic growth

World Bank Says Pakistan’s Economic Growth Remains Stagnant On Account Of High Deficit And Low Foreign Reserves

According to the latest report titled “South Asia Focus: Making (De) centralization Work” published by World bank on Sunday, the Bank analyzed that Progress on poverty reduction had been expected to be restricted in the course of a macroeconomic adjustment period.

The steps to rehabilitate macroeconomic stability in Pakistan completely depend on growth, which is expected to have reduced to 3.3 percent. Pakistan needs to reinstate these buffers, especially due to instability in global financial markets that can affect Pakistan’s ability to acquire private external investments.

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