Friday, February 28, 2020  | 3 Rajab, 1441
Samaa TV
Facebook Twitter Youtube
HOME > Economy

Finance ministry pleased with govt performance on IMF’s economic indicators

SAMAA | - Posted: Dec 30, 2019 | Last Updated: 2 months ago
SAMAA |
Posted: Dec 30, 2019 | Last Updated: 2 months ago
Finance ministry pleased with govt performance on IMF’s economic indicators

Pakistan’s finance ministry says the government is doing “much better” than IMF’s projection on most of the macro-economic indicators, including its inflation rate.

A spokesperson of the ministry said in a statement that the inflation rate is expected to come down to around 5% in the mid-term of the current fiscal year.

Significant improvement has been witnessed in the external sector, he said, adding that the overall current account deficit has shrunk by almost two-thirds in the first quarter of the current fiscal year as compared to the same period last year.

The spokesperson said that the current account deficit is projected to decline to 2.4% of the GDP in the current fiscal year, which is lower than earlier IMF forecasts of 2.6%.

Follow SAMAA English on FacebookTwitter, and Instagram.

FaceBook WhatsApp
 
HOME  
 
 
RELATED STORIES
 

Tell us what you think:

Your email address will not be published.

FaceBook WhatsApp
 

 
 
 
 
 
IMF, Pakistan, GDP, inflation rate
 
MOST READ
MOST READ
 
 
 
 
 
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp