Pakistan's economic growth rate is expected to decline this year

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The World Bank (WB) has said that Pakistan's economic growth rate is likely to slow down to 4.3 percent this year. Energy subsidies are a major challenge in the region. The highest energy subsidy is being given in Pakistan. According to Geo News, the World Bank has released a report on Asian countries, Pakistan's economic growth rate is expected to decline this year, Pakistan's economic growth rate is expected to be 4.3 percent this year, last fiscal year Pakistan's economic growth rate. Growth was 5.6 percent. Energy subsidy is a big challenge for Pakistan. In the region, Pakistan is being given the most energy subsidy in the region.

Russia's Ukraine war has slowed economic growth in South Asia, with growth expected to be 6.6 per cent this year, India's 8 per cent, Bangladesh 6.4 per cent and the Maldives 6.7 per cent. Growth rate is expected to be 3.7, Bhutan 4.4, Sri Lanka 2.4.

On the other hand, according to the report dated April 12, 2022, the value of Pakistani rupee against the dollar is increasing in the interbank and local open currency market, due to which the dollar in the interbank market fell from 183 rupees to 181 rupees and in the open market the dollar fell from 184 rupees to 182 rupees.

According to the report of Forex Association of Pakistan, the dollar depreciated by Rs 1.30 against the rupee in the interbank market on Tuesday, with the buying price of the dollar falling from Rs 183 to Rs 181.80 and the selling price falling from Rs 183.20 to Rs 181. Similarly, in the local open currency market, the buying price of dollar fell from Rs 183.20 to Rs 182.30 and the selling price fell from Rs 184.20 to Rs 182.70.

According to the Forex report, the euro depreciated by Rs 2, with the buying price of the euro falling from Rs 197 to Rs 195 and the selling price falling from Rs 199 to Rs 197, while the buying price of the British pound fell from Rs 235.50 to Rs 233. Rs.50 and the selling price fell from Rs.238.50 to Rs.235.80.

Location: Pakistan

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