ISLAMABAD: After gaining an index of 16 % during the last 12 months, Pakistan has jumped among the world’s top ten stock market performers, said in a recent report by Bloomberg.
The report highlighted the improvements in Pakistan’s economic performance in terms of trade, investment, industry, inflation, construction growth to name a few, during PML-N government.
The report stated that during the reign of Nawaz Sharif government, the infrastructure boosted up by 27 percent by spending Rs.1.5 trillion for the current fiscal year started from July 1. Pakistan was making significant progress in meeting targets under its 6.6 billion loan programme, the International Monetary Fund said in May.
The lender predicted a 4.5 % growth in the economy in the year starting July 1 following a 4.1 % expansion last fiscal year the report added.
Inflation in South Asia second largest economy slowed down each month this year through April as transport and food prices fell prompting the central bank to cut the benchmark interest rate in May to the lowest level in 42 years.