Pakistan Growth Too Slow to Improve Living Standards, World Bank Says

Pakistan’s economy is expanding too slowly to meaningfully improve living standards or create enough jobs for its growing population, according to the World Bank.

“Business as usual is not good for the economy,” Mukhtar Ul Hasan, an economist at the World Bank, said in a briefing in Islamabad. “Pakistan’s growth potential has been declining for decades” due to weak competitiveness, limited reforms, and recurring crises, Hasan, the lead author of a report on the country’s economy, said.