IMF expects Pak economy to grow by 5.6 pc this year

IMF expects Pak economy to grow by 5.6 pc this year

Washington: The International Monetary Fund (IMF) has projected a 5.6 per cent growth rate for Pakistan’s economy in the current year.
It attributed this to improved security conditions, energy supply, infrastructure investment, and agriculture.
The IMF’s statement comes shortly after the visit of its officials to Pakistan.
The IMF Mission visited Pakistan from December 5-14.
Maintaining this positive trend will require strengthening the economy’s resilience with greater exchange rate flexibility, fiscal discipline, and an adequately tight monetary policy stance, the IMF said.
“Strengthening the economy s resilience will be important to maintain Pakistan s favorable growth momentum and ensure sustainable private investment and job creation in the medium term,” Harald Finger, who led the IMF staff mission to Pakistan.
“While economic growth has been accelerating and inflation remains subdued, Pakistan is facing important near- term economic challenges,” he said. PTI

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