Revival in manufacturing, agriculture, increase in tax revenue have promoted growthLAHORE: Despite a revival of growth, Pakistan’s economy is still facing some serious risks and vulnerabilities. These macroeconomic factors prevent sustained and long-term growth of the economy. The problems point to an economic structure that does not allow the economy to substantially increase investment. IMF says Pakistan’s hard-won economic stability at stakeGDP growth will be higher than last year’s 5.28%. An expansionary monetary policy coupled with largely steady exchange rate (despite 5% correction in December) and some agriculture and industrial revival have stimulated growth.
Source: The Express Tribune December 23, 2017 04:07 UTC