24.8pc inflation forecast: IMF projects 2pc growth

The International Monetary Fund (IMF) has projected the GDP growth rate for Pakistan at two per cent for the current fiscal year compared to -0.2 per cent in the fiscal year 2023. It also projected a decline in inflation, ie, from 29.2 per cent to 24.8 per cent and unemployment from 8.5 per cent to eight per cent.

The fund in its latest report, “World Economic Outlook (WEO): Steady but Slow: Resilience amid Divergence” released on Tuesday noted that Pakistan’s GDP is projected to be 3.5 per cent in the fiscal year 2025.

The Fund has also revised downward the inflation rate projection to 24.8per cent for the current fiscal year and 12.7 per cent in fiscal year 2025 against 29.2per cent in fiscal year 2023.