Bank Trims Pakistan Outlook

IslamabadThe Asian Development Bank pegs Pakistan’s growth at 3.7%, missing the government’s target.

Inflation is forecast at 8.3%, above target too, straining a 240-million-person economy under IMF watch.

Brent crude, at $130.80 and up 27.9% in a week as of 15 September, raises Pakistan’s oil bill and squeezes Gulf remittances.

Pakistan’s economy grew faster in FY26, 3.7% versus 3.2%, and won two sovereign credit upgrades this year.

The bank warns renewed austerity measures could further weigh on demand this fiscal year.

Sources: Dawn