Islamabad [Pakistan], October 8 (ANI): The World Bank has estimated that Pakistan’s GDP growth will slow down from 5 per cent in the fiscal year 2022 to around 2 per cent in the fiscal year 2023 following one of the most devastating floods in the country’s history.
It also projected that poverty would go up by 2 to 4.5 pc while committing USD 2 billion in loans for flood-affected areas, reported The News International.
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World Bank cuts Pakistan’s growth projection to 2 per cent after floods
