October 24, 2026
IMF Sees 1.3pc Regional Contraction — Not Pakistan Alone
The Fund projects a 1.3 per cent contraction for the Middle East, North Africa and Pakistan combined in 2026. It has not published a separate figure for Pakistan.
Articles for tag: economy, forecast, growth, IMF, Middle East, Oil
July 14, 2026
ADB Cuts Pakistan’s FY27 Growth Forecast to 3.7% on Higher Energy Costs; Inflation Outlook Also Raised
The Asian Development Bank has revised down Pakistan's economic growth forecast for FY2026-27 to 3.7 percent, from a prior projection of 4.5 percent, citing prolonged disruptions to energy markets caused by the US-Iran conflict. The ADB's July 2026 Asian Development Outlook also raised Pakistan's inflation forecast, with headline inflation running at 11.7 percent in May 2026. The FY28 outlook remains at 5.1 percent, contingent on energy pressures easing.
Riyadh cuts 2026 deficit forecast to $44bn amid pressure to expand non-oil revenue
This handout photo provided by the Royal Palace of Saudi Arabia shows Saudi Crown Prince Mohammed bin Salman signing the state budget during a cabinet meeting in the capital Riyadh on December 7, 2022. — AFP 2026 budget projects deficit of 165 billion riyals. Saudi Arabia halfway through its Vision 2030 strategy. The next phase of the Vision 2030 plan will emphasize implementation. Saudi Arabia approved its 2026 state budget on Tuesday, forecasting a narrower fiscal deficit as it shifts spending to priority sectors such as industry and logistics in a push to boost non-oil revenue. The kingdom projected a
ADB reviews Pakistan’s FY25 growth forecast at 2.7%
A picture of the logo of the Asian Development Bank. – Reuters/file The FY26 Growth Forecast was kept stable at 3%. Regional GDP decreased to 5.9% of commercial risks. US invoices, conflicts threaten regional supply chains. Karachi: The Asian Development Bank (ADB) has revised the provision of Pakistan’s economic growth for the financial year 2025 slightly up to 2.7%, than the previous 2.5% promotion in April, reporting stronger than expected industrial and industrial performance. The news reported. In the latest Asian growth prospects released on Wednesday, the Manila -based lender stated that the revised forecast reflects “a higher than expected
Desi Fashion Forecast in 2025
KARACHI: Here we are at the dawn of a new year and fashion has once again thrown its hat into the ring, demanding our attention. If recent trends are anything to go by, 2025 is shaping up to be a year of bold yet wearable choices. Forget fussy, over-complicated outfits – it’s all about combining tradition with a pinch of modern pizzazz. Let’s analyze the four trends that are already making waves. Something relaxed Skinny jeans? Tailored pants? Honestly, who needs them when you can float through life in a pair of very loose salwars? These aren’t your run-of-the-mill pants—they’re
World Bank raises South Asia growth forecast to 6.4%, says Pakistan saw rapid recovery
A participant stands near a World Bank logo at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. — Reuters WB revises India’s economic growth to 7% YoY. “You have recovered from crises in Sri Lanka, Pakistan.” Bangladesh’s growth forecast was downgraded to 4.0%. The World Bank raised its forecast for South Asia’s growth to 6.4% in 2024 from a previous estimate of 6%, citing strong domestic demand in India and faster recovery in crisis-hit countries such as Sri Lanka and Pakistan. India’s economic growth forecast for the current fiscal year,
ADB maintains an inflation forecast of 15%.
Islamabad: The Asian Development Bank (ADB) kept its inflation forecast for Pakistan at 15%, significantly higher than the official target, while predicting the country’s debt to fall to 70% of GDP this fiscal year. The Manila-based lender’s key report, the Asian Development Outlook, did not provide a new economic growth number for Pakistan, implying it maintained its previous forecast of 2.8 percent growth for this fiscal year, below the official target of 3 .5%. This release coincides with another comprehensive report by BMI, Fitch Solutions’ macroeconomic research engine, which offered extensive commentary on Pakistan’s political regime, the fortunes of the
July 9, 2024
CSU predicts an above-average Atlantic hurricane season in 2024
HOUSTON: Colorado State University (CSU) forecasters on Tuesday increased the number of hurricanes expected in 2024 in a July update to their long-range forecast. “Hurricane Beryl, a Category 5 deep tropical cyclone, is also a possible harbinger of a hyperactive season,” according to the forecast released Tuesday. At least 14 deaths have been attributed to Hurricane Beryl, which devastated Grenada and Jamaica in the Caribbean before slamming into Mexico’s Yucatan Peninsula and then turning north to make landfall on Monday in Texas, knocking out power to millions and shutting down major oil ports . In the forecast released Tuesday, CSU
Government raises inflation forecast to 13.5%
Islamabad: Ahead of the start of a tumultuous financial year, the government on Friday raised its inflation forecast for next month to 13.5%—a rate above its annual target of 12% next fiscal year, signaling continued economic hardship circumstances. The inflation outlook for June 2024 has risen slightly compared to the previous month, the finance ministry said in its monthly economic outlook report, adding that the rise in the forecast was mainly due to higher prices of perishable items due to Eidul Azha. Market analysts are predicting a strong surge in inflation from July 1 – the date for the implementation
Florida weather forecast for USA vs Ireland raises concerns for Pakistan
Pakistan team gesture during a match. View of Central Broward Regional Park Stadium in Lauderhill. — X/@theRealPCB/ESPNcricinfo Team Pakistan are set to play their final group game against Team Ireland on Sunday, June 16, at the Central Broward Regional Park Stadium in Lauderhill, however, bad weather is sounding the alarm. As the teams prepare to battle it out for a spot in the Super Eight, the final three games of Group A will be hosted in Florida. From Group A, India qualified for the next phase of the tournament, however both Pakistan and USA are fighting for their place in
