WASHINGTON: The World Bank, in its report, has lauded the Pakistan’s economic progress made during the current financial year.
According to World Bank report on South Asia’s Economic Opportunity, the country’s 4.1 per cent GDP growth is the highest in seven years amid prolonged political turmoil in Pakistan. The report said that manufacturing sector backed by availability of energy and investors’ confidence played a vital role in economic growth. Strong fiscal consolidation was achieved and the fiscal deficit was contained, it added.
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Economic growth is forecast at 4.4 per cent in FY2015 after 4.1 per cent this year.
