Asian Development Bank keeps Pakistan's growth forecast at 3.7pc

ISLAMABAD: The Asian Development Bank (ADB) on Wednesday forecast Pakistan’s economic growth rate at 3.7 per cent — lower than the 4pc budget target — and inflation at 8.3pc — higher than the official estimate of 7pc for the current fiscal year — amid downside risks stemming from the conflict in the Middle East. “Pakistan’s gross domestic product growth is projected to remain at 3.7pc in FY2027”, the Manila-based lending agency said in its Asian Development Outlook September episode. In its late

Source: Dawn