BMI View: The economic outlook for Pakistan is beginning to look more promising as inflation, and crucially food inflation, abate. However, the agriculture sector is unlikely to follow manufacturing in registering 4.6% year-on-year growth any time soon. Indeed, we expect the value of Pakistan’s agribusiness market to decline marginally in 2013 as rice exporters struggle to find markets and cotton production declines due to bad weather and disease. We expect the sector to return to sluggish growth in the remaining years of our forecast period, but the outcome of the May-June election may indicate whether the future is likely to …
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