Posted 11/18/2023, 4:07:11 AM
IMF Revises Down Pakistan's Growth and Import Forecasts, Lowers Loan Needs and Inflation
- IMF revises Pakistan's foreign loan needs to $25 billion this fiscal year, down from $28.4 billion
- IMF cuts economic growth forecast for Pakistan to 2%, from 2.5% projected in July
- IMF lowers inflation projection for Pakistan to 22.8% from 25.9%
- IMF estimates current account deficit at $5.7 billion vs Pakistan's $4-4.5 billion
- IMF cuts import forecast to $58.4 billion from $64.7 billion projected in July
- IMF revises down remittances forecast to $29.4 billion from $32.9 billion