KARACHI: Macroeconomic indicators had been improving for the last three years, helping stabilise the economy, while higher large-scale manufacturing growth and improved GDP prospects pointed to further recovery, State Bank Governor Jameel Ahmad said on Friday.
Speaking at a press conference, Mr Ahmad said the economy was expected to grow by 4 per cent in the current fiscal year (FY27), stability had been achieved and inflation had remained within the range set for FY26.
He said the economy was gaining momentum, with growth picking up as reflected in 6pc growth in large-scale manufacturing, while growth in the sector had reached 10pc in certain months.
The governor said the expected 4pc growth in FY27 would be supported by expansion in the industrial sector.
Sees economy expanding at 4pc in 2026-27
