What IMF report says about Pakistani Economy?
IMF
IMF says that in Pakistan the economy has rebounded on the back of waning COVID-19 infections and expansionary fiscal and monetary policies. An improvement in the external position has been hindered by strong import growth, fueled by macroeconomic policy mix, commodity price increases, and credit growth. Rupee depreciation is marked, and inflation remains persistently high. The current account deficit has increased.
Recent Economy development
Once again, Pakistan stands at a crossroads according to IMF statisitcs. Pakistan was on the brink of a severe currency and fiscal crisis. But the EFF program was able to stabilize the economy, rebalancing the macroeconomic policy mix, and preventing a disorderly adjustment.
During the first nine months of the progr...