ADB Cuts Pakistan GDP Growth Outlook Amid Power Price Hikes

ISLAMABAD: The Asian Development Bank (ADB) has officially downgraded Pakistan’s GDP growth forecast to 3.7% for the upcoming fiscal period. Financial experts note that the revision is primarily driven by soaring energy tariffs and escalating fuel costs that continue to burden the domestic industrial sector.

Public frustration is intensifying across major cities as the prices of everyday food items and basic utility bills reach historic highs. Analysts warn that structural reforms must be accelerated immediately to prevent a severe slowdown in overall market productivity.