Washington: The International Monetary Fund (IMF) has issued Pakistan economic performance report wherein it is predicted that unemployment and average inflation will decrease in the current fiscal year.
Managing Director Kristalina Georgieva in her report said that the growth rate contrary to target of 3.5 percent likely to remain 2.50.
In the last financial year Pakistan’s performance remained 0.5 percent whereas the government had claimed last year that its GDP growth to remain 0.3 percent.
The IMF in its report said that in the year 2024 the employment will be decreased to 8 percent from 8.5. While it predicted that an average inflation will also be decreased to 25.9 from 29.6.
As per the IMF report, this year financial deficit will remain 7.5 percent with tiny reduction. The loans payable by Pakistan volume will fall to 74. 9 percent from 81.8 percent.
On the other hand MD IMF Kristalina Georgieva said that inflation increased in the past owing to non implementation of policies of loan program.
She said that this time Pakistan has to fulfill the IMF program passionately while she also demanded Pakistan strict overseeing of banking system and capacity building of the country institutions.
