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18 Jan
09:20

PSM shutdown seen dragging down Pakistan's gdp

Pakistan’s gdp growth rate is unlikely to substantially exceed 3% in the 2015/16 fiscal year because, among other factors, Pakistan Steel Mills (PSM) has suspended production, according to the Institute for Policy Reforms (IPR). In a paper titled “False Statements by IMF”, IPR says the International Monetary Fund’s latest review of its extended fund facility to Pakistan contains errors. The fund’s expectations of 4.5% growth for Pak…
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