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Pakistan economy to slow in FY 2023 amid strong climate headwinds: ADB

september 21, 2022by Reacties uitgeschakeld voor Pakistan economy to slow in FY 2023 amid strong climate headwinds: ADB

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ISLAMABAD, Sept. 21 (Xinhua) — Pakistan’s economy is expected to slow to 3.5 percent in fiscal year (FY) 2023 running from July 2022 to June 2023 amid devastating floods, policy tightening, and critical efforts to tackle sizable fiscal and external imbalances, the Asian Development Bank (ADB) said Wednesday.

This slowdown would occur “even as growth in FY 2022 is expected to have reached 6 percent,” the ADB sai

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