Analysis by Region - Asia Pacific - Pakistan

We have lifted our calendar year 2025 growth forecast for Pakistan by 0.1ppts to 1.1%. This reflects a strong carryover from Q4 2024 that masks the negative impact of the 10% tariff hike on exports to the US. The drag on growth is more visible in our 2026 forecast, which we have lowered by 0.9ppts to 1.2%.


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