WB expects Pakistan’s economy to grow at 5.9% in coming years


ISLAMABAD Jan 10 (TNS): The World Bank in its ‘Global Economy Report’ has mentioned that growth in Pakistan is expected to pick up at 5.5 percent in 2017-18. Economy is supposed to reach an average 5.9 percent in coming years.

The World Bank stated that growth will be possible on the back of robust domestic consumption. Furthermore, exports expected to show recovery with rising investment.

The report further mentioned that the last six months of the fiscal year 2018 have recorded robust growth as activity continued to expand. The growth in the economy has been supported by robust domestic demand with the help of strong credit growth and investment.