Economic Indicators

Pakistan Finance Minister expects economy to grow more than 3.5% this FY – Bloomberg News

09/04/2022

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2022.09.04 12:44

Pakistan Finance Minister expects economy to grow more than 3.5% this FY - Bloomberg News
FILE PHOTO: Pakistan’s finance minister Miftah Ismail speaks during an interview in Islamabad, Pakistan December 28, 2017. Picture taken December 28, 2017. REUTERS/Faisal Mahmood/File Photo

(Reuters) – Pakistan Finance Minister Miftah Ismail expects the economy to grow more than 3.5% for the fiscal year that started in July, Bloomberg News reported on Saturday.

Ismail predicted inflation, running at the highest in 47 years and the second-highest in Asia, was close to its peak and would average 15% for the year, the report said.

Curbs on luxury items may remain in place for longer than currently anticipated, Ismail was quoted as saying.

09/04/2022

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