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World Bank plans package to support transition to investment-led growth

ISLAMABAD: The World Bank is preparing a USD 300 million financing package to support Pakistan’s transition from economic stabilisation to investment-led growth, backed by a five-year reform programme aimed at removing barriers to private investment, boosting exports and creating jobs through wide-ranging regulatory, financial, trade and labour-market reforms. According to the World Bank’s…

World Bank plans package to support transition to investment-led growth

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Inflation soaring

EDITORIAL: The Pakistan Bureau of Statistics (PBS) calculated the Consumer Price Index (CPI) for August at 11.1 percent – 1.9 percent higher than the 9.2 percent estimated in July. It is relevant to note that the August rate is precisely the same as the June rate while it is 0.6 percent lower than the May CPI and 0.2 percent higher than…

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