Pakistan's central bank predicts 5% growth for the economy despite inflation worries

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Pakistan's central bank predicts 5% growth for the economy despite inflation worries
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Pakistan's economy is still teetering on the brink of crisis — the country faces record inflation that is pushing the price of daily commodities higher.

to tighten monetary policy in case inflation gets out of control.

Baqir told CNBC that Pakistan's government sought to bring down inflation and ensure there's no hoarding or price speculation for basic commodities. Inflation is also driven by international commodity prices which countries like Pakistan have little control over, the central bank governor said.

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