Pakistan's economy shows resilience with IMF support, but growth forecast faces challenges.

In 2024, Pakistan's economy saw significant reforms including a reduced policy rate and lower inflation, with GDP growth estimated at 2.5-3.5%. A $7 billion loan from the IMF supported fiscal stability but highlighted ongoing challenges like core inflation and fiscal pressures. Despite resilience, the IMF lowered Pakistan's growth forecast to 3% for the year, citing issues like trade tensions and low industrial production. The government faces pressure to implement reforms to attract investment and sustain growth.

2 months ago
27 Articles