Islamabad, Federal Minister for Economic Affairs Ahad Cheema has described the recent Asian Development Outlook report as a strong endorsement of the government’s economic policies. The report projects a positive trajectory for Pakistan’s economy, reinforcing the effectiveness of current leadership and strategies.

According to Ministry of Information and Broadcasting, Cheema highlighted key findings from the Asian Development Bank’s April 2024 Outlook report during a statement from the Economic Affairs Division. The report indicates that under Prime Minister Shehbaz Sharif’s guidance, Pakistan is expected to achieve a 2.8 percent growth rate in the upcoming financial year, along with a significant reduction in inflation, which is anticipated to drop by up to fifteen percent.

The Minister emphasized that these projections validate the government’s efforts towards stabilizing and sustaining the economy. He pointed out that measures to reduce inflation have been acknowledged by global financial institutions, showcasing a broader international confidence in Pakistan’s economic management.

Cheema also stressed ongoing initiatives to improve financial discipline and foster a more conducive business environment through enhanced investments. He affirmed the government’s commitment to implementing recommendations from the Asian Development Bank and continuing to create economic opportunities for all citizens across Pakistan.