Recovery On The Cards For Fiscal 2013/14 Two major things have impacted our forecasts for the Pakistani economy since our last quarterly report. First, after widespread revisions to the country’s GDP series, it appears that growth was much weaker than expected in the 2012/13 fiscal year (which ran from July 2012 to June 2013). Economic growth in the revised national accounts data in fact declined to a three-year low of 3.6%. That said, the second point is that a number of factors confirm good recovery prospects for 2013/14. On the political front the clear victory for the Pakistan Muslim League-Nawaz …
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