Pakistan economy to grow 5pc in 2016-17: World Bank
The projects being constructed under the CPEC will help accelerate growth
ISLAMABAD (Dunya News) – World Bank on Tuesday has proclaimed that economy of Pakistan is set to grow by five percent in ongoing fiscal year, 2016-17.
Besides the positive announcement, a statement added, “The business cycle matters all across the region, providing a potential accelerator from GDP growth to investment growth. Ultimately, the investment climate sets the broader stage. Alas, most South Asian economies suffer from a challenging business environment and some are subject to broader uncertainty and insecurity.”
Gross Domestic Product of Pakistan is purported by the international organisation to increase by 5.4 percent by 2018. China Pakistan Economic Corridor will be driving the economy towards growth through its infrastructure projects.
The projects being constructed under the CPEC will help accelerate growth and overcome energy crisis.
