Pakistan’s finmin expects economy to grow over 3.5% this fiscal year – Bloomberg News


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Pakistani Finance Minister Miftah Ismail expects the economy to grow more than 3.5% for the fiscal year that started in July, Bloomberg News reported on Saturday.

Ismail predicted that inflation, the highest in 47 years and the second highest in Asia, was near its peak and would average 15% for the year, according to the report.

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Restrictions on luxury items could stay in place longer than currently expected, Ismail said. (Reporting by Jahnavi Nidumolu in Bengaluru; Editing by William Mallard)

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