Pakistan’s Economic Survey celebrates stability, its Budget for FY27 shows how fragile that stability is

Pakistan’s Economic Survey celebrates stability, its Budget for FY27 shows how fragile that stability is

Pakistan's celebrated PKR 4.1B primary surplus hinges on temporary SBP profit transfers and rate cuts, both normalizing in FY27. Growth is service-led, not industrial; investment-to-GDP at 14.38% lags East Asia's 30-40%, indicating structural underinvestment in technology and infrastructure.