Hunger at the doorstep

Hunger at the doorstep

The spectre of food insecurity in Pakistan has taken on an alarming dimension. The World Bank's recent warning — that nearly 10 million Pakistanis could face acute food insecurity this fiscal year — should be a wake-up call for policymakers and the public alike. As the economy continues to reel under the weight of tight macroeconomic policies, which have contributed to a lowered growth forecast of just 2.7%, it is the most vulnerable who are now…

World Bank trims Pakistan’s economic growth forecast to 2.7pc

Notes economy showing signs of stability amid constraints, warns slow growth will make it difficult to create jobs, reduce poverty.

Pakistan economy continues to stabilize, World Bank

Pakistan’s economy is showing signs of recovery and is projected to grow by 2.7% in the ongoing fiscal year, up from 2.5% in the previous year. As per the World Bank’s latest Pakistan Development Update, real GDP growth will be fueled by a rebound in private consumption and investment, supported by lower inflation, reduced interest rates, and rising business confidence. The report indicates that Pakistan’s economic conditions are improving, mark…

Islamabad. The World Bank has warned that about 10 million people in Pakistan may face severe food insecurity during the current financial year. Also, poverty levels are expected to increase. This warning came on Wednesday when the bank also reduced Pakistan's economic growth forecast to 2.

World bank projects 2.7 percent economic growth for Pakistan in fiscal year 2025

The World Bank has projected that Pakistan’s economy will expand by 2.7 percent in the fiscal year 2025.The report presents guarded optimism for economic recovery, fueled by enhanced private consumption and investment, underpinned by softening inflation, declining interest rates, and increased business confidence. The update indicates that Pakistan is stabilizing slowly, as inflation is easing and the financial conditions are picking up. Both th…

Global investors' confidence in Pakistan's economy restored: WB

The World Bank (WB) has released a report on Pakistan’s economy, stating that the country’s economy continues to stabilise and is expected to grow by 2.7 percent in the current fiscal (2024-25). According to the report, the interest rate has also been reduced due to decline in inflation. “The confidence of global investors in Pakistan’s economy has been restored, with a projected economic growth rate of 2.7 percent for the current fiscal year, u…