KARACHI: The World Bank (WB) has said that economic activities in Pakistan will be weakened due to the IMF program. It will have a negative impact, as unemployment and poverty are already on the rise due to the code. According to the report, 30% of the rural population has fallen into the abyss of poverty. A report released by Pakistan Development Update Navigation in Certain Times states that the reason for the impact of Code 19
The population suffering from food insecurity has also tripled since then, from 3 percent to 10 percent. The World Bank has forecast the economy to grow at 1.3 percent for the current fiscal year, according to the IMF. Slightly lower than predicted. The World Bank report should cause a wave of concern in the houses of power as the report does not bode well for Pakistan’s social and economic landscape. According to the World Bank, the economic growth in Pakistan was expected to improve. ۔ According to a recent report released by the World Bank, the resumption of the IMF loan program will have a short-term negative impact on economic activity, while unemployment and poverty are already on the rise due to the code.