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IMF cuts Pakistan's 2024 growth forecast to 3% due to weak manufacturing, exports, and debt reliance.
The IMF has lowered Pakistan’s 2024 GDP growth forecast to 3% from 3.2%, citing a contracting manufacturing sector, slowing exports, and continued reliance on remittances and foreign loans.
Despite a current account surplus, a stronger rupee, and lower inflation, gains are attributed to external support, including a $2 billion UAE deposit rollover and IMF funding.
The government faces pressure to implement tough reforms—tax hikes, subsidy cuts, and fiscal discipline—under the $7 billion IMF program, but critics say these measures lack a supply-side growth strategy and fail to address structural weaknesses.
Persistent debt, overvaluation of the rupee, and weak export performance raise concerns about long-term stability, with some analysts warning the country remains trapped in a cycle of IMF dependency.
El FMI recorta el pronóstico de crecimiento de Pakistán para 2024 al 3% debido a la debilidad de la manufactura, las exportaciones y la dependencia de la deuda.