Islamabad: The International Monetary Fund (IMF), in its latest World Economic Report, has presented important projections for Pakistan on economic growth and inflation.
According to the report, the growth rate of Pakistan’s economy is likely to be limited to 2.6 percent in the current fiscal year, which is lower than the earlier estimate of 3 percent. On the other hand, the government of Pakistan has set a target of 3.6 percent GDP growth for the year 2024-25.
The IMF says inflation is also expected to rise, reaching 5.1 percent in the current fiscal year and 7.7 percent next year.
Indicating an improvement in the current account deficit, the report said that its size will be only 0.1 percent of GDP, which was earlier being assumed to be 1 percent.
The IMF expects economic recovery for next year, forecasting GDP growth to reach 3.6 percent, provided that financial stability continues.
