ISLAMABAD
The Asian Development Bank (ADB), in its recent publication, has revised upwards Pakistan’s growth forecast to 3.0% during the fiscal year 2024-25, from 2.8% projected in September 2024. According to the report, greater macroeconomic stability, following the approval of the new International Monetary Fund (IMF) program under the Extended Fund Facility in September will support recovery. The report says, industrial output growth is projected to accelerate with the suspension of import management measures, higher investor confidence, and easier access to foreign exchange.
A more accommodative monetary policy because of faster-than-expected easing of inflationary pressures should further support economic activity through rebounding private investment.
