Achi news desk-
The World Bank has released the Pakistan Development Outlook, which predicts that inflation will decrease next year and the country’s GDP will remain below 3 percent over the next 3 years.
The World Bank, while predicting a reduction in inflation next year, has also indicated the possibility that the inflation rate will be 26 percent this financial year.
According to the World Bank, the inflation rate is likely to reach 15 percent in fiscal year 2025 and 11.5 percent in fiscal year 2026.
Read More Inflation is likely to fall to 21-22% in April, the Ministry of Finance
In the current fiscal year, Pakistan’s growth rate is 1.8 percent, while it is expected to be 2.3 percent in 2025 and 2.7 percent in 2026.
According to the World Bank, the agricultural growth rate is expected to be 3 percent this financial year, while the agricultural growth rate is expected to be 2.2 percent in 2025 and 2.7 percent in 2026.
The industrial growth rate is expected to be 1.8 per cent in the current financial year, 2.2 per cent in 2025 and 2.4 per cent in 2026.
The fiscal deficit is expected to reach 8 percent of GDP in the current fiscal year, while the fiscal deficit is expected to be 7.4 percent of GDP in fiscal year 2025 and a fiscal deficit in fiscal year 2026. To be 6.6 percent of GDP.
