News > Pakistan has highest living cost in all of Asia: ADB

Pakistan has highest living cost in all of Asia: ADB

A report by the Asian Development Bank (ADB) states that Pakistan is struggling with economic challenges as it faces high inflation rate (25%) and slow growth. The country's economy is expected to grow at a sluggish pace of 1.9%, fourth lowest in the region. The forecast for the next fiscal year is also worrying , with a projected 15% inflation rate and a 2.8% growth rate, both among the highest and lowest, respectively, in the region.