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ADB suggests ways to break boom-and-bust cycle

Pakistan Published 6 November 2026, 05:47 · archived 6 Nov 2026

ISLAMABAD: Pakistan must pursue consistent structural reforms, private-sector-led investment and export diversification to break its recurring boom-and-bust cycle, while honouring policy commitments and avoiding frequent changes in key government officials to ensure continuity in economic policymaking, Asian Development Bank (ADB) Country Director in Pakistan Dr Emma Xiaoqin Fan said on Thursday. She warned that decades of economic expansions and crises had failed to deliver significant improvements in per capita income, poverty reduction and people’s living standards, stressing that sustained...

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