Pakistan’s economy is projected to grow at 4.5 per cent in 2016 and 4.7 per cent in 2017, according to the new World Economic Outlook by the International Monetary Fund released on Tuesday.
However, growth in the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region has weakened considerably because of further decline in oil prices and intensifying conflicts and security risks.
“Growth in the region overall is projected at 3.1 per cent in 2016 and 3.5 per cent in 2017, 0.8 percentage point and 0.7 percentage point weaker, respectively, than projected in the October 2015 WEO,” the report said.
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Source: Pakistan Today
