The World Bank on Wednesday projected that Pakistan’s GDP growth would approach to four percent during ongoing financial year 2013-14, driven by dynamic manufacturing and service sectors, better energy availability and early revival of investor confidence.
The World Bank, in its report ‘Pakistan Development Update 2014’, has forecasted that country’s GDP growth would be in range of 3.6 to 4 percent during current fiscal year 2013-14 against the government’s target of 4.4 percent. Growth is picking up, driven mainly by services and manufacturing. Similarly, growth has improved in wholesale and retail trade, finance, and insurance. Acceleration in growth of large-scale manufacturing came from strong performance of agro-based industries, iron and steel.
