Tag Archives: Lenders trim Pakistan’s growth forecast to 0.4pc

ISLAMABAD: The World Bank on Tuesday projected about four million people falling below the lower middle-income poverty line amid economic growth plummeting to just 0.4 per cent against a budgeted target of 5pc. Meanwhile, the Asian Development Bank (ADB) has forecast Pakistan’s economic growth plunging to 0.6pc from 6pc last year owing to the prevailing political crisis, flood-oriented economic losses, …

ISLAMABAD: The World Bank on Tuesday projected about four million people falling below the lower middle-income poverty line amid economic growth plummeting to just 0.4 per cent against a budgeted target of 5pc. Meanwhile, the Asian Development Bank (ADB) has forecast Pakistan’s economic growth plunging to 0.6pc from 6pc last year owing to the prevailing political crisis, flood-oriented economic losses, …