Pakistan Government lauded for restoring economic stability


ISLAMABAD, April 28 (APP): Pakistan continues its
modest growth recovery while growth rate in 2017 is
expected to rise to 4.8 percent.

Releasing its twice a year Pakistan Development
Update, the World Bank lauded the government for restoring
economic stability but noted that much of the country’s
economic growth was underpinned by external influences such
as low oil prices and strong remittances.

The Bank said that Pakistan has made great progress
in restoring macroeconomic stability but much more needs
to be done to put Pakistan on a solid, economic growth
footing,” said Illango Patchamuthu, World Bank Country
Director for Pakistan.