Posted 4/4/2024, 3:23:15 AM
World Bank Warns Pakistan's Economy Risks Crisis Without Urgent Reforms
- World Bank gives pessimistic forecast for Pakistan's economy, expecting growth below 3% for next 2 years due to lack of reforms
- Pakistan faces choice between economic abyss or undertaking bold reforms, as per World Bank country director
- Global lenders warn that Pakistan needs urgent economic reforms to address imbalances and avoid crisis
- Despite government pledges, definitive economic policy direction and deep structural reforms are still missing
- Economic policy confusion deters creditors and investors; PM's plans to boost productivity and exports need clear reforms
