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Asian Development Bank has said Pakistan's economy is showing signs of recovery underpinned by falling global oil prices and the expected uptick in regional economic growth.
The bank's Country Director Werner Liepach, while presenting the Asian Development Outlook 2015 at a ceremony in Islamabad, projected the economic growth of the country at 4.2 percent in 2015 and 4.5 percent in 2016 subject to steady progress in macroeconomic and structural reforms, and stable security, political and weather conditions.
According to the Outlook, the country exhibited renewed confidence with higher foreign exchange reserves, lower fiscal deficit and moderate inflation.
Radio Pakistan
The bank's Country Director Werner Liepach, while presenting the Asian Development Outlook 2015 at a ceremony in Islamabad, projected the economic growth of the country at 4.2 percent in 2015 and 4.5 percent in 2016 subject to steady progress in macroeconomic and structural reforms, and stable security, political and weather conditions.
According to the Outlook, the country exhibited renewed confidence with higher foreign exchange reserves, lower fiscal deficit and moderate inflation.
Radio Pakistan