Macro-economic indicators: Govt doing better than IMF's projection, says Ministry of Finance
ISLAMABAD - The government is doing better than the International Monetary Fund's (IMF) projection with respect to most of the macro-economic indicators including inflation rate, said Ministry of Finance in a statement.
A spokesman of the Ministry said that the inflation rate is expected to come down to around five percent in the mid-term of the current fiscal year.
He said with regard to the external sector, significant improvement has been witnessed.
The spokesman said the current account deficit is projected to decline to 2.4 percent of the GDP in the current fiscal year, which is lower than earlier IMF forecasts of 2.6 percent.
He said that overall current account deficit has shrunk by almost two-thirds in the first quarter of the current fiscal year as compared to the same period last year.
- Zameen.com signs on as sales and marketing partner for T Square in ...07:25 PM | 17 Sep, 2021
- 'Disappointed' – Team Pakistan react after New Zealand's ...06:56 PM | 17 Sep, 2021
- Argentina plans to buy Pakistan's JF-17 Thunder fighter jets06:32 PM | 17 Sep, 2021
- England to decide on planned Pakistan trips in next 24-48 hours after ...05:50 PM | 17 Sep, 2021
- Malala proud of Angelina Jolie for writing a book for children04:55 PM | 17 Sep, 2021
- Dur-e-Fishan and Danish Taimoor pair up for upcoming drama Ishq e ...04:30 PM | 17 Sep, 2021
- Alka Yagnik super excited for Imran Abbas's new drama serial 'Amanat'04:12 PM | 17 Sep, 2021