ISLAMABAD: The World Bank says GDP growth in Pakistan is expected to be 4.0 per cent in 2022-23, slower from 5.7pc in 2020-21, as foreign demand slows significantly and policy support is withdrawn to contain external and fiscal imbalances.
In its report, ‘Global Economic Prospects’ published on Tuesday, the World Bank says some economies in the South Asian region have prioritised structural reforms to strengthen economic growth, and in Pakistan, the government has enhanced its monetary policy framework by strengthening the functional and administrative autonomy of the State Bank, prohibiting government borrowing from it, and entrenching price stability as monetary policy’s primary objective.
Published in Dawn, June 9th, 2022
