The opinion is that a high growth rate seems fairly achievable, however, sustaining the level is the real challenge. Liepach, who is also the former country director for Pakistan, gave an optimistic outlook on the country’s economy. Pakistan’s growth rate is highly volatile as it increased from 4.6% in 2016 to 5.4% in 2017 and has started following a negative trend again with 5.2% growth rate in 2018, said the official, adding that it is expected to fall further below 4% level in FY19. Highlighting the country’s unstable economic growth, the ADB director general said Pakistan’s economy is volatile as it keeps going up and down. ADB estimates Pakistan’s growth to slow down to 3.9%However, he was of the view that the country can push it up again.

Source: The Express Tribune May 05, 2019 03:22 UTC