ADB raises Pakistan GDP growth target for 2016-17
End of the IMF program could relax the government machinery, the ADB stated.
KARACHI (Web Desk) – The Asian Development Bank (ADB) has raised forecast of Paksitan’s GDP growth from 4.8 percent to 5.2 percent.
The ADB stated that lower oil prices and improved security situation could play a major role to boost the growth.
End of the IMF program could relax the government machinery, it added.
It further predicted that inflation and current account deficit in 2016-17 may edge up on higher oil prices.
