Asian Development Bank expresses concern over political instability in Pakistan

The Asian Development Bank has expressed concern over political instability in Pakistan. Pakistani economy is facing the challenges despite some achievements. According to report government is borrowing from the banking and non-banking sector it is difficult target to meet the budget. The report has been pointed out that the GDP has an increase of 4.2% while foreign exchange reserves declined by $ 2 billion to $ 16 billion 10 million, which is 3.7 months Imports are equal to bill.  The Asian Development Bank says that due to the improvement in security and better energy supply, the economic growth rate of 5.5 percent is expected. The main reason of this improvement is to ongoing project under CPEC.



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