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Pakistan’s economy to recover modestly to 1.9% in fiscal year 2024 - LRE-Azan - 09-20-2023 07:24 PM
Pakistan’s economy to recover modestly to 1.9% in fiscal year 2024
During last fiscal year economy decline by 0.3%
Inflation is expected to ease to 25% in FY2024 from 29.2% in FY2023
sharp increases in energy tariffs under and the continued weakening of the rupee will keep inflationary pressures elevated.
significant downside risks to the outlook remain, including from global price shocks and slower global growth
Pakistan’s economic prospects are closely tied to the steadfast and consistent implementation of policy reforms to stabilize the economy
speedier progress on reforms in the energy sector and state-owned enterprises are key to reviving economic growth
Government has should be protecting social and development spending.
Greater fiscal discipline and market exchange also require to achieving the goals