The average 2.5% growth rate for five years is less than half of what the Pakistan Tehreek-e-Insaf government has targeted for its 5-year term. In its annual flagship report ‘World Economic Outlook’ (WEO), the global lender has predicted only 2.9% economic growth rate for this fiscal year, ending on June 30. It is the lowest economic growth rate prediction by any multilateral lender. The tight policies are pulling back the economic growth rate that will increase unemployment in the country. The independent economists have predicted nearly 8% jobless rate due to slowing economic growth rate.

Source: The Express Tribune April 10, 2019 03:22 UTC