Posted 11/23/2023, 3:08:46 AM
IMF Forecasts Improved Economic Outlook for Pakistan, Despite Concerns Over Exchange Rate Policy
- IMF assumes average dollar price will be around Rs300 by June 2024, an improvement from previous assumption of Rs305.2
- Pakistan likely to seek waiver from IMF for violating condition to limit inter-bank and open market exchange rate gap
- IMF has revised upwards cost of foreign debt interest payments by Rs200 billion
- IMF projects Pakistan's economy to reach $353 billion in FY2023-24
- Pakistan committed to publish daily inter-bank and open market rates to increase transparency