Farrukh Habib, Minister of State for Information and Broadcasting has said that the world leading financial organization J.P. Morgan has predicted Pakistan’s GDP growth at 4.7% with a deficit of 7.1% for the year 2021. For the next year the prediction is 5.9%, he further said.
In a tweet on Thursday the minister of state said that J.P. Morgan has endorsed investment in Pakistan as its economic indicators are improving.
According to the assessment report of J.P. Morgan the total volume of GDP will be 329 billion dollars for the next year. Pakistan’s budget deficit will be 7.1% for the current year and for the next year it will remain at 5.9%, the report says.
The report also says that it will bring Pakistan’s debt to GDP ratio to 81.6%, which was 87.6% for the year 2020.