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JP Morgan called Pakistan a better country for investment – IG News

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ISLAMABAD: The world’s largest financial institution JPMorgan has termed Pakistan as the best country for investment and said that Pakistan’s GDP will be 4.7 percent this year.

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According to the details, the world’s largest financial institution JPMorgan has released its report, in which Pakistan has been declared as the best country for investment and it has been said that this year Pakistan’s GDP will be 4.7 percent and there is no risk factor in government securities.

The JPMorgan report said that the rate of return in Pakistan will be 8.25% by 2024, the current account deficit in the GDP ratio will continue to decrease, due to which there is a risk of inflation in food and beverages, including reduction in remittances.

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On the other hand, Minister of State for Information and Broadcasting Farrukh Habib said in a statement on social networking site Twitter that the world’s largest financial institution JPMorgan in its report asked its investors to invest in Pakistan, Pakistan’s economic situation is improving. ۔

Farrukh Habib said that JP Morgan has predicted Pakistan’s GDP growth rate of 4.7 in 2021 and said that next year the economic volume will be 329 billion dollars.

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The Minister of State added that JPMorgan had predicted Pakistan’s budget deficit to be 7.1% this year and 5.9% next year, bringing Pakistan’s debt-to-GDP ratio to 81.6% in 2020. Was 87.6.

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