The World bank reduced Pakistan’s economic growth rate to 4.3 per cent for the current fiscal year. It is re-estimated down by approximately one per cent as compared to last year and mentioned that last-ditch energy subsidies by the outgoing government enhanced the expenses of the budget and shook the International Monetary Fund Programme. Earlier Pakistan had followed its agreement with the IMF to increase fuel tax and remove tax exemptions. On Wednesday, while launching the latest “South Asia Economic Focus Reshaping Norms: A New Way Forward,” South Asian Region…
Read MoreWorld Bank Re-estimate Pakistan’s GDP enlargement forecast to 4.3%
