KARACHI: Pakistan’s economy is expected to grow by 2.5% in the current fiscal year, supported by ongoing reforms and improved macroeconomic stability, the Asian Development Bank (ADB) said on Wednesday.
Pakistan has undertaken stringent economic reforms following a prolonged financial crisis that forced it to seek loans from the International Monetary Fund (IMF) over the past two years.
Since then, macroeconomic indicators have improved significantly, though the government acknowledges the need for further consolidation through policies aimed at boosting exports and attracting investment.
ADB’s flagship economic publication, the Asian Development Outlook, also maintained in its April edition the country’s economic position has strengthened under the IMF program.
“Pakistan’s economy has benefitted from improved macroeconomic stability through robust reform implementation in areas such as tax policy and energy sector viability,” said ADB Country Director for Pakistan Emma Fan. “Sustained implementation of policy reforms is vital to buttress this growth trajectory and fortify fiscal and external buffers.”
The Manila-based lender said, “Pakistan’s real gross domestic product (GDP) is expected to grow by 2.5% in FY2025, the same growth rate from FY2024.”
It also projected growth to rise to 3% in FY2026.
The report noted average inflation was expected to decline significantly to 6% in FY2025 and further to 5.8% in FY2026.
However, it warned that female labor force participation remained low in Pakistan compared to regional and peer countries, adding that enabling more women to work outside the home could boost productivity and output while advancing female empowerment.
ADB forecasts 2.5% growth for Pakistan this fiscal year as economic reforms take hold
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ADB forecasts 2.5% growth for Pakistan this fiscal year as economic reforms take hold
- The Manila-based lender says the country’s projected growth is likely to rise to 3% in the next fiscal year
- ADB maintains female labor force participation remains low in Pakistan compared to regional countries
Pakistan opposition to continue protest over ex-PM Khan’s health amid conflicting reports
- Pakistan’s government insists that the ex-premier’s eye condition has improved
- Khan’s personal doctor says briefed on his condition but cannot confirm veracity
ISLAMABAD: Pakistan’s opposition alliance on Monday vowed to continue their protest sit-in at parliament and demanded “clarity” over the health of jailed former prime minister Imran Khan, following conflicting medical reports about his eye condition.
The 73-year-old former cricket star-turned-politician has been held at the high-security Adiala prison in Rawalpindi since 2023. Concerns arose about his health last week when a court-appointed lawyer, Barrister Salman Safdar, was asked to visit Khan at the jail to assess his living conditions. Safdar reported that Khan had suffered “severe vision loss” in his right eye due to central retinal vein occlusion (CRVO), leaving him with just 15 percent sight in the affected eye.
On Sunday, a team of doctors from various hospitals visited the prison to examine Khan’s eye condition, according to the Adiala jail superintendent, who later submitted his report in the court. On Monday, a Supreme Court bench led by Chief Justice Yahya Afridi observed that based on reports from the prison authorities and the amicus curiae, Khan’s “living conditions in jail do not presently exhibit any perverse aspects.” It noted that Khan had “generally expressed satisfaction with the prevailing conditions of his confinement” and had not sought facilities beyond the existing level of care.
Having carefully perused both reports in detail, the bench observed that their general contents and the overall picture emerging therefrom are largely consistent. The opposition alliance, which continued to stage its sit-in for a fourth consecutive day on Monday, held a meeting at the parliament building on Monday evening to deliberate on the emerging situation and discuss their future course of action.
“The sit-in will continue till there is clarity on the matter of [Khan's] health,” Sher Ali Arbab, a lawmaker from Khan's Pakistan Tehreek-e-Insaf (PTI) party who has been participating in the sit-in, told Arab News, adding that PTI Chairman Gohar Ali Khan and Opposition Leader in Senate Raja Nasir Abbas had briefed them about their meeting with doctors who had visited Khan on Sunday.
Speaking to reporters outside parliament, Gohar said the doctors had informed them that Khan’s condition had improved.
“They said, 'There has been a significant and satisfactory improvement.' With that satisfactory improvement, we also felt satisfied,” he said, noting that the macular thickness in Khan’s eye had reportedly dropped from 550 to 300 microns, a sign of subsiding swelling.
Gohar said the party did not want to politicize Khan’s health.
“We are not doctors, nor is this our field,” he said, noting that Khan’s personal physician in Lahore, Dr. Aasim Yusuf, and his eye specialist Dr. Khurram Mirza had also sought input from the Islamabad-based medical team.
“Our doctors also expressed satisfaction over the report.”
CONFLICTING ACCOUNTS
Despite Gohar’s cautious optimism, Khan’s personal physician, Dr. Yusuf, issued a video message on Monday, saying he could neither “confirm nor deny the veracity” of the government’s claims.
“Because I have not seen him myself and have not been able to participate in his care... I’m unable to confirm what we have been told,” Yusuf said.
He appealed to authorities to grant him or fellow physician, Dr. Faisal Sultan, immediate access to Khan, arguing that the ex-premier should be moved to Shifa International Hospital in Islamabad for specialist care.
Speaking to Arab News, PTI’s central information secretary Sheikh Waqas Akram said Khan’s sister and their cousin, Dr. Nausherwan Burki, will speak to media on Tuesday to express their views about the situation.
The government insists that Khan’s condition has improved.
“His eye [condition] has improved and is better than before,” State Minister Talal Chaudhry told the media in a brief interaction on Monday.
“The Supreme Court of Pakistan is involved, and doctors are involved. What medicine he receives, whether he needs to be hospitalized or sent home, these decisions are made by doctors. Neither lawyers nor any political party will decide this.”
