Asian Development Bank cuts Pakistan’s growth rate to 4%

Staff members of the Asian Development Bank step out of the Manila-based lender's headquarters on February 17, 2009. (AFP/FILE)

April 7: The Asian Development Bank (ADB) on Wednesday forecast Pakistan’s economic growth rate to slow down to 4 percent this year from 5.6pc in FY21 owing to tighter fiscal and monetary policies and the Russia-Ukraine war fallout, Dawn reported Thursday.

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