The IMF projects Pakistan's GDP growth rate to be 0.5 percent this fiscal year.

Key Highlights :

1. Pakistan is projected to have lower GDP growth in the current fiscal year only at 0.5 percent.

2. Inflation and unemployment rates are expected to increase in the current fiscal year, while the current account deficit is expected to narrow.

3. The IMF has estimated that Pakistan's growth would de­cline to 0.5 percent in FY23 from 6 percent in the last fiscal year FY22. However, the growth would increase to 3.5 percent in the upcoming fiscal year FY24.

     Pakistan is one of the poorest countries in the world with a GDP growth rate of only 0.5 percent in 2016. In the IMF’s latest report, Pakistan’s growth prospects have been projected at only 0.8 percent in 2017 and 1.2 percent in 2018. The IMF has also warned that Pakistan’s fiscal position is deteriorating and that the country’s external debt is at high levels.

     Pakistan’s economy has been hit hard by a number of factors, including a slowdown in the global economy, a sharp fall in exports, and a rise in imports. The country’s exports have been declining for the past three years, and the value of exports in 2016 was only half of the value of exports in 2015. The main exports of Pakistan are textiles, agricultural products, and pharmaceuticals.

     The slowdown in the global economy has had a negative impact on Pakistan’s economy, as exports are a major source of foreign income. The fall in exports has led to a fall in GDP, and the IMF has warned that Pakistan’s fiscal position is deteriorating. The country’s external debt is at high levels, and the government has been struggling to repay its debts.

     The IMF has also warned that Pakistan’s growth prospects are very weak, and that the country’s economy is likely to remain weak for the next few years. The country’s economy is also likely to be affected by the conflict in Afghanistan, which has a negative impact on the economy of both countries.

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