SBP notes caveats to decade-high growth
Central bank is concerned about widening current account deficit
The State Bank of Pakistan has welcomed a further increase in growth this fiscal year, while sounding the alarm on the widening current account deficit that has accompanied the growth spurt.
The pace of output expansion hit a decade high, with the SBP recording a provisional fiscal year 2017 GDP growth figure of 5.3% in its latest ‘state of the economy’ annual report. The central bank says the growth is driven by a rebound in agriculture and services, while manufacturing and construction also
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