Pakistan must take urgent action to avert economic crisi: WB

ISLAMABAD, Pakistan - The World Bank says Pakistan must take rapid action to avert an economic crisis.

By (AP)

Published: Thu 27 Mar 2008, 5:35 PM

Last updated: Sun 5 Apr 2015, 1:24 PM

World Bank Vice President Praful Patel said Thursday that Pakistan would likely miss targets for its budget and current account deficits. He says strong economic growth can only continue if it adjusts to higher global prices for energy and food commodities.

He says it will also need international support to prevent the economy from faltering.

Pakistan’s new prime minister is expected to announce steps to address problems including food inflation and energy shortages on Saturday.

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