WB projects Pakistan’s economy to grow by 4.8% in 2017

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ISLAMABAD, Apr 11 (APP): Pakistan’s economic growth is
projected to accelerate from 4.5 percent in 2016 to 4.8 percent in 2017, supported by growing industry and services and greater investment as well as buoyed by low oil prices and substantial remittances, World Bank report said.

According to the report “South Asia Economic Focus”, sustained and inclusive growth with further acceleration would require tackling pervasive power cuts, a cumbersome business environment, and low access to finance through the successful implementation of tax and energy reforms.

The report said that the South Asian region’s economic
performance prospects remained strong due to limited exposure to global turbulence, coupled with increasing investment activity.