ADB lowers Pak growth forecast to 3.7pc

The Asian Development Bank (ADB) has revised Pakistan’s economic growth forecast for FY2027 downward to 3.7 percent, citing higher energy costs and mounting pressure on workers’ remittances, while sharply enhanced inflation projections for both FY2026 and FY2027 due to rising food and fuel prices and spillover risks from the Middle East conflict. In its Asian Development Outlook (July 2026), the ADB said preliminary data showed Pakistan’s economy expanded by 3.7 percent in FY2026, supported by strong performance in the industrial and services sectors alongside modest gains in agriculture.