–Urgent structural reforms can revive Pakistan’s economic growth: WB report–Report says growth will reach 4 per cent in FY21 after touching 2.7pc in FY20ISLAMABAD: The World Bank in its recent report has said that structural reforms can revive Pakistan’s economic growth, which is expected to reach 4 per cent in Financial Year 2021. The report said that domestic demand is expected to contract while at the same time export growth will be gradual. Growth is expected to recover to 4% in FY21 as structural reforms take effect and macroeconomic conditions improve, the report added. A more stable external environment will also support a pickup in economic activity starting from FY21. In comparison, exports grew by only 4.6 per cent in 2017 and 9.7 per cent in 2018.

Source: Pakistan Today April 07, 2019 17:48 UTC