Polls, reforms to boost confidence in Pakistan's economy: ADB
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Pakistan, Sept. 21 -- The Asian Development Bank (ADB) has expressed optimism regarding Pakistan's economic prospects, highlighting that the reform programme and smooth conduct of upcoming general elections are likely to restore investor confidence in the country's economy.
The regional financial institution, in its report released on Wednesday, underscored the significance of Pakistan's commitment to an economic adjustment programme until April 2024, which is crucial for reestablishing macroeconomic stability and facilitating the gradual resurgence of economic growth. According to the Asian Development Outlook (ADO) for September 2023, Pakistan's gross domestic product (GDP) growth is expected to experience a modest recovery, increasing...
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