Growth below target

PAKISTAN’S latest GDP figures offer a picture of modest recovery. A projected growth rate of 3.7pc for the current fiscal falls short of the government’s original 4pc target. This is slightly less than even the lower bound of the State Bank’s projected range of 3.75-4.75pc. But it is still an improvement over the previous year’s 3.18pc expansion. Thankfully, the SBP anticipates growth, albeit tepid, during much of next year in case energy prices stay elevated and the Gulf crisis lingers. That...

By none@none.com (Editorial)