Euphoric picture
Forecasting an optimistic picture of growth for Pakistan, the Asian Development Bank is confident that the economy will grow, and sustained reforms could stabilise it in the next two years. The Manila-based lender, in a change of heart from its previous predictions, now believes that Pakistan will sustain a GDP growth rate of up to 3.5% for the current fiscal year, and could bolster it to 4.5% in FY2027.
This upgrade is quite surprising from the country's own estimates of less than 3%, despite an odd situation........
