Economic growth of Pakistan expected to 4% in current FY

The economic of Pakistan growth is expected to four percent in current Fiscal Year, the Asian Development Bank (ADB) has said.

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In a report issued on Wednesday, the ADB has said that due to tighter fiscal and monetary policies the Pakistan’s economic growth is expected to four percent in current Fiscal Year before picking up again in the next fiscal year.

The Asian Development Bank further stated that the economic growth of Pakistan is expected to accelerate to four point five percent in Fiscal Year 2023 due to stronger private consumption and investment.