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WEF expresses confidence in Pakistan's economic situation

Report warns that inflation, currency depreciation, and rising debt burden could weaken Pakistan’s economy

GNN Web Desk
Published 3 hours ago on Jan 16th 2025, 11:09 am
By Web Desk
WEF expresses confidence in Pakistan's economic situation

The World Economic Forum’s (WEF) Global Risk Report has expressed a satisfactory outlook and confidence in Pakistan’s economic situation.

The WEF has released the Global Risk Report 2025.

According to the report, despite economic challenges, Pakistan is moving towards economic stability and has achieved economic success despite tough challenges due to the right measures.

Despite the arms race in the region, Pakistan’s cautious thinking is commendable. Military budgets increased worldwide, but Pakistan did not become a participant in the arms race.

Pakistan has shown significant improvements in the areas of reducing inflation, economic stability, improving the value of the rupee, and better debt management.

Pakistan is one of the most environmentally affected countries where factors such as recurring floods, heat waves, and water shortages threaten food security, infrastructure stability, and people’s livelihoods.

The World Economic Forum report also highlighted the growing political and social polarization in Pakistan, while the report also highlighted the growing geopolitical conflicts, worsening economic instability, and environmental crises.

According to the report, Pakistan, like other developing economies, faces complex threats that require strategic flexibility and policy innovation to address.

The report warns that inflation, currency depreciation, and rising debt burden could weaken Pakistan’s economy.

CEO Mashal Pakistan Amir Jahangir says that Pakistan has the potential to achieve further stability by promoting innovation, strengthening governance, and increasing regional cooperation.

Amir Jahangir said that the ability to convert threats into opportunities will determine the future. With collective determination, Pakistan can position itself as a major player in the emerging global landscape.

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