Pakistan growth hits decade high – SBP report
Central bank sounds alarm on falling exports despite “encouraging picture” elsewhere
Economic growth in Pakistan is running at decade highs, but other areas of the economy are still facing challenges, according to a report by the State Bank of Pakistan (SBP), published today (June 30).
The third-quarter report says real GDP growth hit 5.3% in the 2017 fiscal year, up from 4.5% a year earlier. Inflation is “subdued”, having averaged 4% over the year, and rising real fixed investment and private sector credit are part of an “encouraging picture”.
Nevertheless, a continued
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