State Bank of Pakistan (SBP) Governor Jameel Ahmad on Wednesday said that Pakistan’s economy is now standing on more stable foundations, with growth projected between 3.25% and 4.25% in the current fiscal year.

Speaking at the Pakistan Textile Council’s annual meeting, Ahmad noted that the country has successfully overcome major economic challenges faced since 2022, when external pressures, high inflation, and falling foreign exchange reserves posed serious risks.

“Today, Pakistan’s economy is better positioned to absorb domestic risks and external shocks,” he said, highlighting that foreign exchange reserves have risen to $14.3 billion.

He added that the current account deficit has significantly narrowed over the past two years, while remittances are expected to exceed $38 billion in fiscal year 2025.