The Asian Development Bank (ADB) has predicted that Pakistan’s growth rate will be 1.9 percent this fiscal year. Inflation is likely to remain at a high level of 25 percent.
The Asian Development Bank has released the annual Asian Development Outlook Report 2024, according to which Pakistan will have to depend on international financial institutions and friendly countries for external payments, while inflation in Pakistan is estimated to be at a high level of 25% this fiscal year. has been installed.
Pakistan’s growth rate is predicted to be 1.9 percent this fiscal year, while the report said that political instability is a major challenge for economic recovery and reforms.
The report said that Pakistan’s economy shrank due to political uncertainty and floods, last year Pakistan recorded the highest inflation rate in the last five decades, if reforms are implemented, the process of economic recovery will start from this year.
According to the report, China’s growth rate is expected to be 4.8% while India’s growth rate is expected to be 7%.
The Asian Development Bank released its annual Asian Development Outlook Report 2025, which said that Pakistan’s growth rate is forecast to be 1.9 percent this fiscal year.
The report said that political instability is the main challenge for economic recovery and reforms, Pakistan will have to depend on international financial institutions and friendly countries for external payments, Pakistan needs measures for financial inclusion of women.