KARACHI:

Pakistan's economy has navigated one of the most turbulent times in recent history, marked by record inflation, depleted foreign exchange reserves and external account pressures.

From inflation peaking at 38% in May 2023 to reserves falling to critically low levels at $4.4 billion, the country faced severe macroeconomic instability. However, decisive monetary tightening, structural reforms and improved external inflows have shifted the trajectory towards stability. Speaking at the Independence Day event, State Bank of Pakistan (SBP) Governor Jameel Ahmad said the economy is now on a path to sustainable growth, with inflation brought down to historic lows, reserves tripled without adding foreign debt and the current account posting a surplus for the first time in more than a deca

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