2023 Pakistan's economy improved in second half with falling inflation, economic growth recovery, and exchange rate stabilization.
Pakistan's macroeconomic environment faced challenges in 2023 due to rising inflation, weak foreign exchange inflows, and external account pressures. However, the State Bank of Pakistan (SBP) reported improvements in the second half of the year, with falling inflation, economic growth recovery, and exchange rate stabilization. The central bank advised the government to implement economic reforms, including increasing tax revenue and reducing expenses, for sustainable growth.
July 06, 2024
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