Pakistan’s economy grows by 2.7% in FY2024-25
Pakistan's economy recorded a growth rate of 2.7% during the fiscal year 2024-25, exceeding earlier projections, according to the latest report issued by the Asian Development Bank (ADB), titled Asian Development Outlook - July 2025.
The report described the country's economic performance as encouraging, attributing the improvement in macroeconomic stability to a steady decline in inflation and lower prices of essential commodities.
According to the Associated Press of Pakistan (APP), the report highlighted a consistent decline in inflation over the first eleven months of the fiscal year, leading ADB to maintain its inflation forecast at 5.8%. Better-than-expected performance in the industrial and services sectors, alongside ongoing reforms in agriculture, contributed significantly to the overall economic expansion.
Source: Gulf Today
