Indian Media Acknowledges Pakistan’s Economic Turnaround

An Indian publication, South Asia Monitor, has acknowledged Pakistan’s remarkable macroeconomic transformation between 2023 and 2025, describing it as one of the most significant turnarounds in South Asia. According to the report, Pakistan’s shift from default risk to financial stability has been achieved through effective policy management, internal reforms, and a successful IMF bailout programme. The publication credited the government’s reform agenda for restoring investor confidence and laying the foundation for sustainable growth. The South Asia Monitor highlighted that the Special Investment Facilitation Council (SIFC) has played a decisive role in reviving economic diplomacy and attracting foreign investment. The framework has become a central platform for channeling new investments in mining, energy, IT, and agriculture are identified as key growth sectors in Pakistan’s reform strategy. The report noted that under the second phase of CPEC, Pakistan launched major mineral and energy projects in partnership with Saudi Arabia and the United Arab Emirates, while also strengthening cooperation with China in June 2024 to boost investment in mining and renewable energy. The Indian outlet acknowledged that the Pakistan Economic Survey 2024–25 also reflected a sharp improvement in key indicators. Pakistan’s GDP reached its highest level in 24 years, supported by a primary surplus of 3 percent, while revenue collection surged 36.7 percent. Exports of ICT services grew 23.7 percent, underscoring strong performance in the digital economy. Inflation, which stood at 17.3 percent in 2023, dropped dramatically to just 0.3 percent in April 2025, marking one of the steepest declines in the region. Monthly remittances remained steady between USD 3.8 billion and USD 4 billion, providing crucial support to external stability. The South Asia Monitor further reported that Pakistan’s stock market ranked among the top-performing global indices, moving in line with major markets in the United States, France, and China. The report said Pakistan’s fiscal and regional stability is now a key factor in shaping investor confidence among emerging economies.