ADB maintains an inflation forecast of 15%.
Islamabad: The Asian Development Bank (ADB) kept its inflation forecast for Pakistan at 15%, significantly higher than the official target, while predicting the country’s debt to fall to 70% of GDP this fiscal year. The Manila-based lender’s key report, the Asian Development Outlook, did not provide a new economic growth number for Pakistan, implying it maintained its previous forecast of 2.8 percent growth for this fiscal year, below the official target of 3 .5%. This release coincides with another comprehensive report by BMI, Fitch Solutions’ macroeconomic research engine, which offered extensive commentary on Pakistan’s political regime, the fortunes of the
