ISLAMABAD: The Asian Development Bank (ADB) has expressed concern over the slowdown in Pakistan's economic growth. The country's economic growth rate is expected to be 4% this year and 4.5% next year while inflation is expected to be 11%.
According to a report released by the Asian Development Bank, inflation in Pakistan is expected to be 11% this year and 8.5% next year. In contrast, inflation in India is 5.8% this year and 5% next year. Inflation in Bangladesh is expected to be 6% this year and 5.9% next year.
The Asian Development Bank (ADB) has said that Pakistan's economic growth rate is expected to be 4% this year, while the economy may slow down due to tight economic and monetary policy.
The Asian Development Bank (ADB) has said that the government has taken steps to control the current account deficit and inflation. The government is trying to increase the country's foreign exchange reserves, which could reduce the economic growth rate from 5.6 percent to 4 percent.
According to the report, prices of food items are rising in the global market and rising oil prices in the global market is likely to increase inflation in Pakistan.
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