ISLAMABAD: Finance Ministry of Pakistan says the government is doing “much better” than IMF’s projection on most of the macro-economic indicators, including its inflation rate.
A spokesperson of Finance Ministry said in a statement that the inflation rate is expected to come down to around 5% in the mid-term of the current fiscal year.
Significant improvement has been witnessed in the external sector, he said, adding that the 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.
The spokesperson said that the current account deficit is projected to decline to 2.4% of the GDP in the current fiscal year, which is lower than earlier IMF forecasts of 2.6%.
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