Pakistan’s finance ministry says the government is improving better than IMF’s projection in terms of the macro-economic indicators, including inflation rate.
A spokesperson of the ministry said in a statement that the inflation rate is anticipated to lower down to around 5% in the mid-term of the current fiscal year.
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There have been improvements seen in the external sector, he said. The overall current account deficit has diminished by almost two-thirds in the first quarter of the current fiscal year in comparison to the same period the previous year.
Read More: Pakistan’s economy is stabilizing: IMF
The spokesperson also said that the current account deficit is projected to reduce to 2.4%of the GDP in the current fiscal year, which is lower than earlier IMF forecasts of 2.6%.
