The Asian Development Bank (ADB) has named Pakistan as the second most expensive country in the South Asian region.
In a supplement report titled ‘Asian Development Outlook 2022 Supplement’, ADB has predicted that inflation in Pakistan will remain high in the coming months and the Pakistani rupee may depreciate further.
According to the forecast, energy is likely to become more expensive in Pakistan and economic growth in South Asia has slowed down due to floods, he said, adding that economic growth has been affected by floods in Pakistan and Bangladesh.
“Flood disruption and damage are expected to slow down real GDP growth in combination with a tight monetary policy, high inflation, and an unconducive global environment,” the ADB said in a regular supplement to the Asian Development Outlook (ADO) 2022.
