A difficult story
WHILE launching the Economic Survey 2026 , Finance Minister Muhammad Aurangzeb told a hopeful story of economic recovery. Indeed, the numbers support his words. Going from negative growth to 3.7pc is impressive as is reducing inflation levels. The current account surplus, albeit fragile, must also be lauded. The government deserves credit for stabilising an economy under pressure by floods , rising energy prices and trade uncertainty amid regional conflict. However, there is
Pakistan's Finance Minister Muhammad Aurangzeb has presented an Economic Survey highlighting positive growth figures and reduced inflation, indicating a recovery from previous economic pressures. The government is credited with stabilizing the economy amidst challenges like floods and rising energy prices. However, the survey also reveals a less optimistic picture beneath the surface numbers.
While growth has reached a four-year high, investment remains at multi-decade lows, suggesting a lack of sustainable long-term expansion. Foreign companies are reinvesting primarily to maintain existing market positions rather than due to confidence in the country's economic future. Local investors are deterred by structural issues including high energy costs, unfavorable borrowing rates, a challenging tax system, and a difficult regulatory environment.
The report underscores that Pakistan's economic stability, while welcome, may not translate into sustainable, transformative growth without addressing fundamental productivity issues and structural economic challenges.
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