https://arab.news/v2645

Gulf investors have built enduring value by backing economies early, investing through cycles, and focusing on fundamentals rather than headlines. That perspective is particularly relevant when assessing Pakistan today. 

After a difficult but necessary adjustment, Pakistan’s macroeconomic position has stabilized meaningfully. Inflation has fallen sharply from crisis levels, with the Consumer Price Index (CPI) averaging around 5 percent in the most recent period, interest rates on a downward path, and business sentiment improving. The external account has turned a corner: the current account has moved into surplus, foreign exchange reserves have rebuilt to multi-year highs, and the currency has shown sustained stability. Policy signals have also shifted, with a clearer emphasis on export-led growth and a more facilitative role for the state in enabling private-sector competitiveness. 

There is also strong ownership at the highest level of government around digitizing and documenting the economy, a shift that is expected to broaden the tax base, strengthen digital infrastructure, and create sustained demand for private-sector services. These shifts matter because they restore........

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