Finance Minister Muhammad Aurangzeb has said that Pakistan’s target of over 4% economic growth this year is now difficult to achieve due to the impact of recent floods. Speaking to Chinese media, he explained that despite the challenge, the government remains hopeful of achieving around 3.5% GDP growth by the end of the fiscal year. […]
impact of recent floods
SBP may cut rates after floods, IMF review
Further changes to Pakistan’s interest rate policy will depend on the impact of recent floods and progress in the IMF review. State Bank of Pakistan (SBP) Governor Jameel Ahmad made this statement in an interview with Bloomberg. He said the central bank would continue watching inflation and external sector risks before adjusting rates. The policy […]