Asad Umar says next 18 months would be a period of econom­ic stabil­isatio­n for Pakist­anFinance Minister Asad Umar on Monday said Pakistan’s economy was now heading out of a crisis phase. The minister said Pakistan’s negotiations with the International Monetary Fund (IMF) are in the final stages. “The main challenges of Pakistan’s economy are revenue collection, current account deficit, exports and the savings-investment gap. Similarly, the budget deficit was projected to be over Rs2.6 trillion by the end of the current fiscal year. The report also predicted an economic growth rate of just 3.4pc for the current fiscal year – the lowest in eight years.

Source: The Express Tribune April 08, 2019 11:05 UTC