JP Morgan advises investors to reap economic opportunities in Pakistan

ISLAMABAD: JP Morgan has asked investors for investing in Pakistan to reap benefits of its improved economic situation.

In this regard, Minister of State for Information and Broadcasting, Farrukh Habib, in a tweet on Thursday said that the world’s biggest institution of investment and financial services, in its recent report, had predicted Pakistan’s Gross Domestic Product (GDP) growth at 4.7 per cent for the fiscal year 2021-22 (FY22).

“The report has also projected the volume of economy to around $329 billion during the next financial year,” he added.

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The minister said the report predicted decline in the fiscal deficit from current 7.1 percent to 5.9 per cent of the GDP during the next financial year, and added that it would eventually bring down the GDP to debt ratio from 87.6 percent to 81.6 percent.

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