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Pakistan succeeded in reviving economy despite pandemic: Forbes | The Express Tribune

Leading American business magazine Forbes has lauded the government’s efforts to tackle pandemic and to stabilise and grow Pakistan’s economy, saying that the government has been successful in reviving its economy through prudent policies which is expected to grow at 4%.

Successful management to tackle the pandemic and the success of IMF programme, as evidenced by the 4% GDP growth, is a testament to Pakistan‘s growth potential and good investment opportunities, the magazine said.

It said when countries like United States and India have had difficulties in dealing with the coronavirus pandemic. Pakistan has succeeded in reviving its economy, which is expected to grow at a rate of about 4%, exceeding initial estimates in 2021.

The State Bank of Pakistan (SBP) initially forecast a 3% increase in the GDP, while the International Monetary Fund (IMF) and the World Bank forecast an increase of 1.5% and 1.3%, respectively.

Also read: 4% GDP growth beats gloomy forecasts

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