Pakistan Growth Seen Below 3% for Next 2 Years, World Bank Says
- South Asian country seeking new IMF loan to support economy
- Pakistan inflation expected to ease over the same period
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Pakistan’s economic growth is expected to pick up from the current fiscal year but remain below 3% for the next two years, according to the latest estimates from the World Bank.
The economy is set to grow 1.8% in the current fiscal year ending June 30 and will expand to 2.3% in the following year and 2.7% in 2026 if there is continuous fiscal consolidation and a new bailout program from the International Monetary Fund, World Bank country economist Sayed Murtaza Muzafarri said in a briefing in Islamabad on Tuesday.