Possibly the worst increase in poverty

 

The World Bank has warned Pakistan about foreign loans, saying there could be complications in repaying loans to Pakistan. The World Bank has released a report on the growth rate of Asian countries, which said that the growth rate in South Asia is expected to improve from negative 7.7 percent next year to 4.5 percent. "This is not good news for South Asian countries and the future is dire," said Hans Timmer, the World Bank's chief economist for South Asian countries.

The World Bank, in its report, quoted Pakistan as saying that Pakistan could face difficulties in repaying its external loans. According to the report, Pakistan's growth rate is expected to be less than 0.5% in FY2021, up from 4% in the previous three years. The report said that the re-emergence of the corona virus could further threaten the growth rate, while locusts and rains could also lead to malnutrition, with the worst possible increase in poverty, according to estimates.

The World Bank report also said that the measures taken by the government to control the corona virus had also severely affected Pakistan's economy. It may be recalled that the Pakistan Tehreek-e-Insaf (PTI) government had set a growth rate of 2.1% for the third year in a row, but the government failed to achieve its targets due to Prime Minister Imran Khan and federal ministers.