WB predicts less inflation in Pakistan in 2025

Islamabad: The World Bank has predicted a decrease in inflation in the country next year.

The World Bank has released the Pakistan Development Outlook in which Pakistan's Gross Domestic Product (GDP) has been predicted to be less than three percent in the next three years.

According to the World Bank, Pakistan's growth rate is expected to be 1.8 percent this fiscal year, 2.3 percent in 2025, and 2.7 percent in 2026, while the agricultural growth rate is three percent this fiscal year, 2.2 percent in 2025, and in the year 2026, the agricultural growth rate is likely to be 2.7 percent.

The World Bank stated that the inflation rate for the current financial year is 26 percent, while it is expected to be 15 percent in the financial year 2025 and 11.5 percent in the financial year 2026.

According to the World Bank, industrial growth is expected to be 1.8 percent this fiscal year, 2.2 percent in fiscal year 2025, and 2.4 percent in fiscal year 2026.

In addition, the fiscal deficit is expected to be 8% of GDP in the current fiscal year, 7.4 percent in fiscal year 2025 and 6.6 percent of GDP in fiscal year 2026.