Pakistan an emerging market economy: IMF

BY ANWAR IQBAL

WASHINGTON: In its latest World Economic Outlook report, the International Monetary Fund has included Pakistan in emerging market economies.

An emerging market economy is the one that is progressing toward a more advanced stage, usually by means of rapid growth and industrialization. These countries experience an expanding role both in the world economy and on the political frontier.

The IMF projects that Pakistan’s real GDP will continue to grow modestly, reaching 5.2 percent by 2020.

It was 4.0 percent in 2014, 4.2 percent in 2015 and is projected to reach 4.5 percent in 2016.

Read more » DAWN
See more » http://www.dawn.com/news/1218182/

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