IMF Lowers Pakistan Growth, Import Forecasts; Reduces Loan Requirement to $25 Billion
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IMF revised Pakistan's foreign loan requirement down to $25 billion from $28.4 billion for current fiscal year.
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IMF lowered Pakistan's economic growth projection to 2% from 2.5%.
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IMF cut inflation forecast from 25.9% to 22.8%.
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IMF estimates Pakistan's imports at $58.4 billion, down from $64.7 billion.
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IMF projects current account deficit at $5.7 billion, remittances at $29.4 billion.