Pakistan's Economic Growth Below 3% for Next 2 Years, World Bank Predicts

The latest estimations from the World Bank suggest that Pakistan's economic growth is anticipated to improve marginally, but is projected to stay below 3% for the next two years. The current fiscal year ending June 30 is expected to see a growth of 1.8%, followed by an expansion to 2.3% in the subsequent year and 2.7% in 2026, contingent on sustained fiscal consolidation and the implementation of a new bailout program from the International Monetary Fund. These projections were presented by Sayed Murtaza Muzafarri, a World Bank country economist, during a briefing in Islamabad on Tuesday.