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Pakistan's economy likely to grow 3-4 pct - c.bank
March 20, 2012 / 9:53 AM / 6 years ago

Pakistan's economy likely to grow 3-4 pct - c.bank

KARACHI, March 20 (Reuters) - Pakistan’s economy is expected to grow by 3 to 4 percent in the fiscal year to end-June, though risks to macroeconomic stability have increased in recent months, the central bank said on Tuesday.

These risks stem from weaknesses in the external sector and a widening fiscal deficit, which is expected to grow to between 5.5 and 6.5 percent of gross domestic product in current fiscal year 2011/12, the State Bank of Pakistan said in its second quarterly report. (Reporting by Sahar Ahmed; Editing by Chris Allbritton)

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