IMF Lowers Pakistan Loan Need and Growth Estimates, Cuts Inflation Forecast in New Deal
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IMF revised down Pakistan's foreign loan requirement to $25 billion for 2022-23 fiscal year, $3.4 billion less than earlier estimate.
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IMF lowered Pakistan's economic growth projection to 2% from 2.5% estimated in July.
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IMF projected lower current account deficit of $5.7 billion vs Pakistan's $4-4.5 billion estimate.
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IMF cut inflation forecast to 22.8% from 25.9% projected in July.
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IMF successful in getting election date from Pakistan in return for ignoring some critical areas that led to failure of previous bailout package.