The slow road to recovery

Pakistan’s economy is showing signs of improvement. The inflation rate has come down to a six-year low, and the stock market has exceeded all records. These are indicators of progress as the Asian Development Bank (ADB) has also revised its economic growth forecast for Pakistan in the fiscal year 2025 to three per cent. While this marks an upward revision, the figure evokes mixed reactions. It reflects growing international confidence in Pakistan’s economic stability and recognises the government’s efforts to halt a perilous economic freefall. However, a 3pc growth rate, while an improvement, is far from sufficient for a country facing daunting challenges. It underscores the need for a robust, comprehensive strategy to unlock sustainable growth.