Pakistan economy is set to grow more than 6 percent: World Bank

via www.forbes.com

Pakistan’s economy is set to grow more than 6 percent this fiscal year, despite the threat of inflation, a weakening currency and pressure on its balance of payments, a World Bank official said Monday.

“We do believe that the government and central bank are monitoring this,” Abid Hasan, the bank’s acting country director in Pakistan, told Dow Jones Newswires.

The Asian Development Bank warned last week that inflation may exceed the government’s target of 5 percent for the current fiscal year that began July 1, mainly due to excess money supply and rising global commodity prices….