KARACHI: Pakistan showing progress on economic stability, Fitch report
Pakistan has continued to make significant strides in achieving economic stability, particularly with regards to its debt profile. According to the recent update from the International Monetary Fund (IMF) reflects the country’s ongoing efforts to implement critical structural reforms, Fitch report
State Bank’s interest rate is set at 12%, which has contributed to minimal user engagement. Until June, the average interest rate for minorities was 24%, experiencing a 2% increase since January, Fitch report
Economic activities are getting better than stability and decline in interest, Economic growth is to remain 3 %.
Current accounts from workers strategies, agricultural exports, strict monetary policy have been $ 1.2 billion rupees, report
According to the recent data, country’s foreign exchange reserves are equivalent to only three months’ worth of imports, raising alarms among financial analysts and policymakers.
Fitch Report has highlighted that with $22 billion in payments due in fiscal year 2025, the current reserves are insufficient to meet the financial needs of the nation.
The total payments are $ 13 billion in bilateral deposits, demonstrating a positive trend in our financial outlook, Fitch report
Additionally, there has been notable progress on the economic front, with the primary surplus exceeding the targets set by the International Monetary Fund (IMF), as highlighted in the recent Fitch Report
In the first half of the financial year, tax revenue fell short of the targets set by the International Monetary Fund (IMF).
Meanwhile, provinces have enacted legislation regarding agricultural income tax to bolster their revenue streams. The country’s foreign exchange reserves, coupled with a reduction in reliance on foreign financing, have the potential to positively impact ratings in July.
However, delays in reviews by the IMF could lead to a negative outlook, according to a recent report by Fitch
