IMF projects Pak growth rate at 1.5% for current fiscal

The International Monetary Fund (IMF) has projected Pakistan’s GDP growth rate at 1.5 percent for the current fiscal year 2020-21 compared to negative 0.4 percent for the previous fiscal year 2019-20

Jan 27, 2021
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The International Monetary Fund (IMF) has projected Pakistan’s GDP growth rate at 1.5 percent for the current fiscal year 2020-21 compared to negative 0.4 percent for the previous fiscal year 2019-20.

The PTI led government has envisaged GDP growth rate target of 2.1 percent for the current fiscal 2020-21 with the expectation that the recovery of economic activities will help achieve the growth trajectory in the aftermath of overcoming COVID-19 pandemic.

The IMF had projected the GDP growth rate of positive 1.9 percent for Pakistan in the last fiscal year but after the outbreak of Coronavirus, the GDP growth had tumbled and stood at negative 0.4 percent for the fiscal year that ended on June 30, 2020.

https://www.thenews.com.pk/print/780551-imf-projects-pak-growth-rate-at-1-5pc-for-current-fiscal

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