ISLAMABAD: In its most recent report, the Asian Development Bank (ADB) updated its growth estimate for Pakistan from 2.8% in September 2024 to 3.0% in the fiscal year 2024–2025.
According to the research, recovery will be aided by increased macroeconomic stability as a result of the new International Monetary Fund (IMF) program under the Extended Fund Facility being approved.
It further states that better access to foreign exchange, increased investor confidence, and the suspension of import management restrictions are expected to stimulate the rise of industrial output.
Since inflationary pressures have subsided more quickly than anticipated, a more accommodative monetary policy should boost economic growth by encouraging private investment.
However, significant monsoon rains from July to September 2024 and flood-like conditions are predicted to hamper agricultural growth.
