Pakistan’s Economy in 2006: Growth, Challenges, and Inflation Concerns

In April 2006, State Bank of Pakistan Governor Dr. Shamshad Akhtar stated that Pakistan’s economy was on track, experiencing high growth and a positive environment. She acknowledged challenges posed by rising oil prices, necessitating careful economic management. Dr. Akhtar emphasized the importance of containing inflation below 8% to sustain growth, noting that higher rates could be detrimental. She also highlighted that Pakistan had transitioned to more complex economic management, expressing concerns about the country’s preparedness for these challenges.