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ADN reveals good news for Pakistan on the economic front

ADN reveals good news for Pakistan on the economic front

ISLAMABAD: Pakistan’s economy is recovering, said the Asian DevelopmentBank (ADB) on Thursday.

A recent report by the bank forecast the developing Asian growth to reboundto 6.8% in 2021. The report is called Asian Development Outlook 2020Supplement, Paths Diverge in Recovery from the Pandemic.

It identified manufacturing and construction supported by the government’semergency relief as sectors of recovery in Pakistan.

The report discussed the largest economies of its member states, but didnot include a number on Pakistan’s growth projection.

A report in *The News*linksaidthat despite the continuous spread of COVID-19, most economies havecontinued to relax containment measures after deciding that strictlockdowns are unsustainable for the economy.

The extent of containment reflects the state of outbreaks in differenteconomies. It remains relatively stringent in Central, South, and SoutheastAsia, where outbreaks have continued in some economies and reemerged inothers. But it is less strict in East Asia and the Pacific where outbreaksare under control or absent.