“Pakistan’s stabilizing economy is on a path of recovery. “Pakistan’s recovery is expected to continue, with real GDP growth expected to reach 2.8 percent in FY25,” said Mukhtar ul Hasan, lead author of the report. Growth in imports is expected to exceed growth in exports, leading to a wider trade deficit. Downside risks remain high: the outlook depends on the new IMF-EFF program remaining on track, continued fiscal restraint, and obtaining additional external financing. The Special Focus section highlights the challenges in Pakistan’s power sector, including the escalating CD, operational inefficiencies, and a lack of investment.

Source: The Nation October 11, 2024 08:11 UTC