Islamabad: The World Bank has warned that the Panama Papers issue has “enhanced political risks in Pakistan” and created “some policy uncertainty”, the media reported on Sunday. In its report titled ‘Pakistan Development Update’, launched on Saturday, the World Bank cautioned that the country was “exposed to natural disasters, political events and terrorism” on the domestic front, while the upcoming national elections may affect “reform momentum and macro-economic policy orientation”, Dawn online reported.
Released twice a year, the World Bank report sets out “recent developments across the economy and identifies risks and opportunities in the near-term future before focusing on a handful of key development challenges”. (IANS)
