Pakistan’s growth rate

Pakistan’s growth rate According to the IMF’s World Economic Outlook report, unemployment and inflation will climb further in Pakistan, while the Pakistan’s growth rate objective will not be met.

According to the estimate, the unemployment rate will rise from 6.2% to 6.4% during the preceding fiscal year. The worldwide organisation forecasts 3.5% growth in the current fiscal year, 19.9% inflation, and a current account deficit of up to 2.5%.

Earlier in the day, Finance Minister Ishaq Dar travelled to the United States (US) with a group to meet with foreign lenders.

As per details, the delegation led by Finance Minister Ishaq Dar will hold negotiations with the International Monetary Fund (IMF) and the World Bank (WB).

Pakistan has been demanding of the international lenders for new terms for Pakistan amid devastating floods in the country.

Read More:- Pakistan’s Current Economy Situation

Earlier, Ishaq Dar held a virtual meeting with International Monetary Fund (IMF) Mission Chief, Nathan Porter after taking charge of the finance ministry.

According to the handout released by Finance Ministry, the finance minister briefed IMF about the economic situation caused by the devastating floods in the country which affected infrastructure, crops and the livelihood of the people.

There are many several causes due to which Pakistan’s growth rate is decrease. In 2022 world facing high inflation and Pakistan too facing it.