Asian Development Bank raised Pakistan’s economic growth forecast to 3.5pc for FY2026, citing recovery in manufacturing and investment. The upgrade matters as stabilisation supports jobs, incomes, and investor confidence nationwide. However, risks remain high due to global uncertainty and Middle East tensions affecting prices and trade. The Manila-based lender said growth could reach 4.5pc in […]
Middle East conflict impact
ADB unveils emergency aid for Asia-Pacific nations
The Asian Development Bank (ADB) announced a financial support package for developing member countries affected by the Middle East conflict. The package aims to help nations manage economic pressures, stabilize finances, and protect vulnerable populations. ADB emphasized rapid, flexible, and scalable assistance to mitigate immediate shocks and strengthen long-term resilience. ADB President Masato Kanda highlighted […]
PM Shehbaz announces four-day workweek, austerity
Prime Minister Shehbaz Sharif on Monday unveiled sweeping austerity and energy conservation measures, including a four-day workweek for government offices. The announcement comes as Pakistan prepares for potential economic fallout from the ongoing Middle East conflict. Schools will remain closed for two weeks, and 50% of government staff will work from home. Addressing the nation, […]