World Bank Predicts Pakistan’s GDP Growth at 2.8% for 2025-24
The World Bank has forecast Pakistan’s GDP growth to be 2.8 percent during the current fiscal year 2024-25.
Earlier, the IMF had predicted Pakistan’s GDP growth rate to be 3 percent.
The World Bank’s ‘World Economic Prospects Report 2025’ has shown an improvement of 0.5 percent compared to June 2024. The IMF’s estimate is 3 percent and the government’s 3.6 percent economic growth rate.
According to the World Bank report, Pakistan will grow at a rate of 3.2 percent in the next fiscal year and Pakistan is predicted to have the lowest growth rate compared to the region.
India is expected to grow at 6.7 percent, Bhutan 7.2 percent, Maldives 4.7 percent, Nepal 5.1 percent, Bangladesh 4.1 percent, and Sri Lanka 3.5 percent.
According to the report, uncertainty has decreased somewhat after the February elections. Inflation reached single digits for the first time in 2024 after 2021, during which Pakistan’s foreign exchange reserves also increased, due to the implementation of strict fiscal and monetary policy.
Moderate inflation will increase the confidence of businesses and investors, and per capita income in Pakistan is likely to remain weak until 2026.
The report further predicts that per capita income is likely to remain weak in Pakistan, Bangladesh, and Sri Lanka.
However, interest payments on loans will increase in Pakistan and Bangladesh. Debt-to-GDP ratio is likely to gradually decline.
Pakistan must remain fully committed to the IMF loan program. If the program is not implemented strictly, economic activities will be affected.
