Posted 1/13/2024, 2:06:22 AM
Pakistan Forecasts Modest Economic Growth Amid Inflation and Reform Challenges
- Pakistan's economy has stabilized but still faces challenges, projects 2% growth for 2024 fiscal year
- Inflation elevated but expected to decline to 18.5% by June 2024 with tight monetary policy
- Foreign reserves increased to $8.2 billion in December 2023, exchange rate remained stable
- Revenue performance and spending restraint positive, but risks remain including provincial spending
- Structural reforms needed including SOE restructuring, improving business environment, climate resilience