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The Consortium for Development Policy Research (CDPR) and the International Growth Centre (IGC) hosted a session of the Lahore Policy Exchange titled “Out in the Trenches: the Path to Pakistan’s Economic Recovery” on the 9th October at CDPR, 19A FCC, Maratib Ali Road, Gulberg IV, Lahore.

Pakistan’s economic performance has been precarious in the post-Covid years. Despite slight signs of recovery in fiscal year 2024 due to robust agricultural growth, decreased inflationary pressures, and an improved current account balance, many significant challenges persist. Some of the most salient issues pertain to insufficient manufacturing activity and limited export competitiveness, managing the energy crisis, and the high cost of servicing debt, which accounts for roughly 56% of total revenues. The session dug deep into these issues and pinpointed prudent policy efforts and reforms needed to maintain the positive momentum.

The speakers for this session were:

Moderator: Ijaz Nabi (Executive Director, CDPR, Country Director, IGC)

Panelists:

Ishrat Hussain (Economist and Former Governor, State Bank of Pakistan)
Hadia Majid (Associate Professor and Economics Department chair, LUMS)
Aqueela Mumtaz (VP of Finance, Jazz)
Ali Khizar Aslam (Head of Research, Business Recorder)

Watch full session: