The Pakistan’s economy to accelerate to 5.2 percent in the current fiscal year and 5.5 percent in 2017-18 owing to number of reforms taken by the government, the World Bank said in a report.
Pakistan’s economic activity expanded by 4.7 percent in 2016 and is expected to continue to grow at 5.2 percent in 2017 with growth prospects continuing to improve and inflation remaining contained.
The China Pakistan Economic Corridor (CPEC) projects have supported construction activity, which is expected to stimulate industrial sector growth. These projects should help accelerating growth in the domestic construction industry and increase electricity generation.
Sustainable and inclusive growth and poverty reduction, will require greater private sector investment and the longer term development of infrastructure.