CPEC, stable macroeconomic environment to spur private investment in Pakistan: WB

The World Bank says successful completion of an IMF-supported program has helped achieve macroeconomic stability in the country.

According to the World Bank’s June 2017 Global Economic Prospects, the China-Pakistan Economic Corridor and a stable macroeconomic environment will give a spur to private investment in Pakistan.

It said favorable weather and increased cotton prices are supporting agriculture produce.

The report says Pakistan’s growth is expected to be 5.7 percent s during the current financial year.

Source: Ministry of Information, Broadcasting and National Heritage