In Pakistan, growth is forecast rising at 1.9pc in FY2024 and 2.8pc in FY2025
- The Asian Development Bank forecast that Pakistan’s growth to restart gradually this fiscal year and improve slightly next year if economic reforms, which face risk from a key factor of political uncertainty, are implemented.
Political uncertainty that affects macroeconomic policy making will remain a key risk to the sustainability of stabilization and reform efforts. On the external front, potential supply chain disruptions from escalation of the conflict in the Middle East would weigh on the economy. It said the economy contracted as devastating floods, political unrest, and policy slippage curbed investment, consumption, and production. “Real GDP declined by 0.2% in fiscal year 2023 following 6.2% expansion in FY2022.”
Inflation will remain elevated at about 25pc in FY2024, driven by higher energy prices, but is expected to ease in FY2025.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Pakistan, ADB discuss collaboration to foster economic growthCountry Director of ADB called on Minister for Finance & Revenue, Muhammad Aurangzeb to discuss ongoing collaborations and future initiatives
مزید پڑھ »
Five-days Eid-ul-Fitr holiday confirmed for PakistanisThe Pakistan Met Department has issued a clarification stating that it has not made any forecasts regarding the date of Eid-ul-Fitr
مزید پڑھ »
Pakistan prepares for extended Eid holiday: four-day break expectedPakistan is preparing for what could be an extended Eid holiday this year. According to meteorological forecasts, Eid-ul-Fitr will fall.
مزید پڑھ »
Latest weather update of Islamabad, Rawalpindi, Pakistan for weekendThe Pakistan Meteorological Department (PMD) forecasts primarily cold and dry conditions for Islamabad, Rawalpindi, and the majority of
مزید پڑھ »
ADB Country Director Meets Leghari: ADB Assures Support For Implementation Of Energy PolicyAsian Development Bank has reiterated its full support for successful implementation of Pakistan's National Energy Policy. The commitment was expressed by the country director of the ADB Yong Ye during his meeting with Minister For Power Awais Ahmad Khan Leghari in Islamabad today.
مزید پڑھ »
UN General Assembly to address AI's potential risks, rewardsThe text stresses on guidelines
مزید پڑھ »