July 29, 2021

Economy may come under pressure pursuing higher growth: ministry

ISLAMABAD: Pakistan’s economy might run into challenges switching from a low growth trajectory to a higher one, targeting an expansion of around 5 percent for the fiscal year 2021-22, Ministry of Finance warned.“Further, in the transition towards a higher potential growth level, pressure can be built on external accounts. Thus, it is important to closely monitor it in order to ensure that the new growth strategy is sustainable without any macroeconomic imbalances as observed in the past”...