Bloomberg report: Pakistan among world’s top 10 performers

LAHORE (92 News) – The international organization Bloomberg said in its report published that Pakistan’s economy was making progress since 2008, featuring among the world’s top 10 countries. According to the report, Pakistan Muslim League-Nawaz government has boosted infrastructure spending by 27 percent. Pakistan’s cement industry has rallied 57 percent in the past year, more than triple the gains by the benchmark. Inflation in Pakistan slowed during the last 12 months. Moody’s Investors Service upgraded Pakistan’s sovereign credit ratings for the first time since 2008. Pakistan’s long-time friend China is helping the country in reviving the economy. China signed deals for $28 billion of investments in Pakistan as part of a planned $45 billion economic corridor that includes power plants and dams. The country’s construction sector grew almost double the target. Pakistan is among Asia’s nine developing countries, which can be developed like China in the next 35 years.