Fitch Ratings predicts Pakistan's inflation rate to drop to 12% in FY25, and government debt to decline to 68% GDP by FY24.
Fitch Ratings predicts Pakistan's inflation rate will drop to 12% in the next fiscal year (FY25), with government debt set to decline to 68% of GDP by the end of FY24. The rating agency believes the ambitious FY25 budget will improve the country's chances of securing an IMF bailout agreement. However, it remains uncertain whether the government will achieve its fiscal targets.
June 18, 2024
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