The nation’s economy is expected to grow 3% in the year ending June and 3.4% next financial year, according to the World Bank. (Photo: Wikimedia Commons) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Pakistan’s economy is expanding too slowly to meaningfully improve living standards or create enough jobs for its growing population, according to the World Bank.

“Business as usual is not good for the economy,” Mukhtar Ul Hasan, an economist at the World Bank, said in a briefing in Islamabad. “Pakistan’s growth potential has been declining for decades” due to weak competitiveness, limited reforms, and recurring crises, Hasan, the lead author of a report on the country’s economy, said.

The nation’s economy is expected to grow 3% in the year ending June and 3.4% next financ

See Full Page