ADB revises Pakistan’s economic outlook for FY25 upwards to 3pc

The Asian Development Bank (ADB) on Wednesday revised its forecast for Pakistan’s economic growth in the fiscal year 2025 (FY25) slightly upwards, projecting it at 3 per cent. In an Asian Development Outlook (ADO) report issued by the Manila-based lending agency in September, Pakistan’s economic growth had been estimated to be struggling at 2.8pc in FY25, subject to domestic and external risks. However, in a new ADO report issued today, the ADB said Pakistan’s growth in FY25 was projected at 3pc. It noted that “greater macroeconomic stability following” the new International Monetary Fund (IMF) programme’s approval in September of a $7 billion Extended Fund Facility would “support recovery”.