Pakistan likely to hold economic growth: ADB.

ISLAMABAD -- The Asian Development Bank said on Thursday that Pakistan is likely to hold economic growth to a projected 2 per cent in fiscal year 2021 once the Covid-19 impact subsides and the country resumes its efforts to address macroeconomic imbalances and initiate structural reforms.

In a supplement to the 'Asian Development Outlook' focusing on lockdown, loosening, and Asia's growth prospects, ADB says Pakistan's economy was on the path to recovery before Covid-19 and a national lockdown initiated in April. It is projected to contract by 0.4pc in fiscal year 2020, ending June as the outbreak further...

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