10 million Pakistanis at risk of poverty due to 1.8% growth, 26% inflation, and budget deficit, says World Bank.
10 million people at risk of poverty in Pakistan due to weak economic growth and high inflation, according to the World Bank's biannual report. The Washington-based lender predicts a sluggish growth rate of 1.8% and a 26% inflation rate in the current fiscal year, causing the country to miss major macroeconomic targets. The World Bank warns that Pakistan is set to fall short of its primary budget target, remaining in deficit for three consecutive years.
April 03, 2024
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