World Bank Urges Fiscal Reforms For Sustainable Growth In Pakistan | MoneyCurve | Dawn News English

Pakistan’s economy slowed sharply in fiscal year 2023 with real gross domestic product (GDP) estimated to have contracted by 0.6 per cent, according to the World Bank.

In a report released on Tuesday, titled ‘Pakistan Development Update: Restoring Fiscal Sustainability’, the global body said the decline in economic activity in the country reflects the cumulation of domestic and external shocks including the floods of 2022, government restrictions on imports and capital flows, domestic political uncertainty, surging world commodity prices, and tighter global financing.

Full story: https://www.dawn.com/news/1779109/fiscal-reforms-critical-for-economic-stability-sustainable-growth-in-pakistan-world-bank

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