The Consortium for Development Policy Research (CDPR) and the International Growth Centre (IGC) hosted a session of the Lahore Policy Exchange titled “Out in the Trenches: the Path to Pakistan’s Economic Recovery” on the 9th October at CDPR, Lahore.
Pakistan’s economic performance has been precarious in the post-Covid years. Despite slight signs of recovery in fiscal year 2024 due to robust agricultural growth, decreased inflationary pressures, and an improved current account balance, many significant challenges persist. Some of the most salient issues pertain to insufficient manufacturing activity and limited export competitiveness, managing the energy crisis, and the high cost of servicing debt, which accounts for roughly 56% of total revenues. The session dug deep into these issues and pinpointed prudent policy efforts and reforms needed to maintain the positive momentum.