IGI Securities Limited – Investor Kit – Top News

Islamabad, July 19, 2019 (PPI-OT): Rising twin deficits weigh on country’s outlook: ADB

Rising twin deficits in the fiscal and current accounts weigh on Pakistan’s economic outlook, according to a report of Asian Development Bank (ADB). In a supplement to its Asian Development Outlook (ADO), the ADB maintained that preliminary official estimates for Pakistan show growth in fiscal year 2019 (ended 30 June 2019) deteriorating to 3.3 percent, the lowest rate in 8 years, pulled down by weak performance across the board.

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