Pakistan: Economy

Growth accelerated in Pakistan in Fiscal Year 2016 (ended 30 June 2016) on the cumulative impact of the government’s macroeconomic and structural reform program, sharply lower oil prices, and improved security, outpacing earlier growth forecast despite a major crop failure. Inflation and the current account deficit were lower than expected, while foreign exchange reserves strengthened and the budget deficit shrank. ADB raises the projection for growth in FY2017. It also edges up the forecasts for inflation and the current account deficit mainly on the expectation of higher global oil prices. Read more from Asian Development Outlook 2016 Update


Economic forecasts for South Asian countries

Country 2016 2017
Afghanistan 2.0 3.0
Bangladesh 7.1 6.9
Bhutan 6.4 6.1
India 7.4 7.8
Maldives 3.5 3.9
Nepal 0.8 4.8
Pakistan 4.7 5.2
Sri Lanka 5.0 5.5
Average 6.9 7.3
Country 2016 2017
Afghanistan 4.5 6.0
Bangladesh 5.9 6.1
Bhutan 3.3 4.6
India 5.4 5.8
Maldives 1.2 1.4
Nepal 9.9 8.5
Pakistan 2.9 4.7
Sri Lanka 4.5 5.0
Average 5.2 5.7
Country 2016 2017
Afghanistan 4.5 1.1
Bangladesh 1.7 1.0
Bhutan -29.9 -27.0
India -1.4 -1.8
Maldives -10.1 -10.0
Nepal 6.2 4.6
Pakistan -0.9 -1.6
Sri Lanka -2.0 -2.0
Average -1.1 -1.6

Source: Asian Development Outlook 2016 Update

 

 
This page was generated from https://www.adb.org/countries/pakistan/economy on 01 October 2016