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Farrukh Habib presented the report of the world’s largest financial institution – IG News

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Farrukh Habib presented the report of the world's largest financial institution

Minister of State for Information and Broadcasting Farrukh Habib presented the report of the world’s largest financial institution on Pakistan.

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In a statement issued from Islamabad, Farrukh Habib has released the report of JP Morgan, the world’s largest financial institution.

He said that the report said that invest in Pakistan, economic conditions are improving here.

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The Minister of State added that JPMorgan has forecast Pakistan’s GDP growth rate to be 4.7 in 2021.

He said that according to the report of the world’s largest financial institution, the economic volume will be 329 billion dollars next year.

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Farrukh Habib also said that the report predicts that this year’s budget deficit will be 7.1 percent while next year’s will be 5.9 percent.

He said that this would bring the debt-to-GDP ratio to 81.6 per cent from 87.6 per cent in 2020.

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