Asian Development Bank says Pakistan’s economic growth during the last fiscal year supported by higher domestic consumption, increased agriculture income and workers’ remittances rebounded significantly.

According to the Asian Development Outlook September 2024, Pakistan’s gross domestic product growth is projected to have recovered modestly to 2.4 percent and expected to grow by 2.8 percent in next financial year accompanied by a decline in inflation.

ADB Country Director for Pakistan Yong Ye said economic prospects are closely tied to the steadfast and consistent implementation of policy reforms to stabilize the economy.

He said the implementation of the economic adjustment program is expected to support economic activity by providing a more stable macroeconomic environment, it says.