Pakistan Growth Accelerates Even as Iran War Raises Risks
Workers cut leather fabrics on a production line at a factory in Sialkot, Pakistan.
Photographer: Asad Zaidi/BloombergPakistan’s economy accelerated in the last quarter even as the rising global crude prices due to the Iran conflict cloud the outlook for the nation, which imports most of its fuel requirement.
Gross domestic product accelerated to 3.99% in the three months ended March, compared with 2.4% a year earlier, according to data released by the Pakistan Bureau of Statistics. The economy grew 4.05% in the preceding quarter after the data was revised.