The International Monetary Fund (IMF) projects that Pakistan217;s inflation rate, which dropped from 29% to 12.6% this year, will further decline to 10.6% by 2025, according to IMF217;s Director for the Middle East and Central Asia, Jihad Azour.
In a recent statement on Pakistan217;s economic outlook, Azour remarked that Pakistan217;s economy is expected to grow at a rate of 3.2% in the 2024-25 fiscal year, an improvement that signals economic recovery.
Azour emphasised that Pakistan217;s reform package aims to achieve several key objectives, including fiscal stability, increased revenue, and reduced deficits. He highlighted that improvements in tax collection and addressing systemic issues could boost Pakistan217;s revenue.
He also noted that reforms within state-owned enterprises remain a priority, which could open more opportunities for the private sector, attract foreign investment, and strengthen Pakistan217;s export potential.
The IMF official further explained that creating a favourable environment for additional investment in Pakistan is essential. Current fiscal policies, he said, are helping reduce inflationary pressures and facilitate capital flows, easing the burden on Pakistan217;s current account.
Azour expressed optimism that these measures would stabilise the economy, mitigate financial risks, and enhance the energy sector.
Nguồn bài viết : IM Thể Thao
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