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Tuesday May 07, 2024

Inflation rose, GDP lowered due to past policies: SBP

By Erum Zaidi
October 29, 2019

KARACHI: Inflation rose and GDP remained low last year due to wrong policies of the past, reported the State Bank of Pakistan (SBP). Economy is showing signs of stabilisation, helped by IMF support and planned capital injections in development projects during the current fiscal year, and is on track to meet the government’s 2019/20 growth target of 4 percent, the central bank said on Monday.