Pakistan can grow by 8-9% per annum, says SCB CEO
Standard Chartered Bank (SCB) Group CEO, Bill Winters, has expressed optimism about Pakistan’s economic trajectory, stating that the country has the potential to grow by up to 8-9% per annum. He noted that Pakistan’s debt remains manageable, although the nation is still navigating through challenging times and must assess whether the 2024-25 budget includes the necessary structural reforms.
Speaking at a round table conference last week, Winters said, “We (Pakistan) are clearly still in the woods. We need to review the recent budget that the government passed and assess whether it meets all the criteria (structural reforms) necessary for a healthy resumption of growth.”
Read more: Click here
