Pakistan’s Economy Continues to Grow Despite Pandemic and Other Challenges: Citibank

According to CitiBank Pakistan is on its way to economic growth. However, the bottlenecks, including inflation concerns, global protectionism, continue to hamper the process, along with monetary tightening from international donors such as IMF and the US.

Officials of Citibank expressed these views on the sidelines of the ‘Citi Media Summit,’ titled “Finance, Innovation and the Economy in a Changing World,” in an interview with Business Recorder

Head of EMEA Emerging Markets Corporate Banking at Citi, Rizwan Shaikh, spoke to the media and said that Pakistan’s vaccination speed would be a significant factor in the pace of its recovery. “Pakistan’s vaccination rates are slower than a number of emerging markets.”

An announcement came on Tuesday that 525,000 doses of the COVID-19 vaccine were administered in a single day. However, despite this, Pakistan still lags in terms of the total vaccinations administered per 100 people, which for now stands at 9.5, even though the global average has gone up close to 45 doses per 100 people.