'Structural reforms must for economic growth'Published on: June 1, 2026 10:05 AM
Pakistan, June 1 -- South Asian Association for Regional Cooperation (SAARC) Chamber of Commerce and Industry former president Iftikhar Ali Malik has called for urgent structural reforms to address challenges limiting Pakistan's long-term economic growth and prevent the economy from overheating. In a statement issued on Sunday, Malik said Pakistan's economy had expanded to more than $452 billion, while per capita income had risen to $1,901. He noted that the large-scale manufacturing sector was showing signs of recovery and that the services sector remained the largest contributor to economic growth. However, he expressed concern over the performance of the agricultural sector, describing it as the backbone of the national economy and a m...
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