ADB forecasts Pakistan’s economy to grow by 4pc

Observer Report

Pakistan’s economic growth is expected to reach 4 per cent in the financial year 2022 as business activ-ity resumes gradually in the second year into the pandemic, the Asian Development Bank said in a report on Wednesday.

Pakistan’s economy is expected to continue recovering in FY2022, according to the Asian De-velopment Outlook 2021 Update.

It is supported by stronger private investment, improving business activity, a steady vaccine rollout, and economic stimulus measures for FY2022.

Yet, significant uncertainty over the course of the pandemic clouds the economic outlook in Paki-stan and worldwide.

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