Key Highlights :
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.