Prosperity Index has recorded a new high on the back of improvements in large-scale industrial manufacturing, trade volume and long-term loans to private sector for fixed investment.
Pakistan’s has exhibited a commendable economic recovery from the recession that resulted due to measures taken to deal with Covid-19 outbreak. Not only has the country made a recovery but economic prosperity, as calculated by the Pakistan Prosperity Report, has also has registered a new high, since the base period of June 2019.
Although large-scale manufacturing, long-term credit to private sector and total trade volume are improving, a double-digit inflation rate should be a cause for concern for the government.
Monthly prosperity index has been charted from August 2019 to July 2020. The results reveal a new high in prosperity during this period.
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