In FY 2023-24, Pakistan's economy improved with IMF aid, recovering agriculture and reducing the current account deficit to a 13-year low.

Pakistan's macroeconomic conditions improved in FY 2023-24, aided by collaboration with the IMF and stabilization policies, leading to a recovery in agriculture and a current account deficit at a 13-year low. The State Bank of Pakistan projects a 2.5-3.5% GDP growth for FY 2024-25, while acknowledging ongoing challenges such as falling investment and inefficiencies in the energy sector. The IMF's Extended Fund Facility is expected to support further economic stability.

October 17, 2024
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