Pakistan Economic Outlook
January 22, 2019The economy appears to be on shaky ground over halfway through the current fiscal year, which ends in July. In December, international reserves fell to the lowest level in nearly five years, covering less than three months of imports. Moreover, although the current account deficit narrowed slightly in July–November year-on-year due to higher remittance inflows, it remained high. Meanwhile, the cash-strapped government suggested on 12 January that it would not seek a financial bailout from the IMF, saying that it is exploring alternative financing options. Pakistan has secured financing from the UAE and Saudi Arabia totaling over USD 12 billion in recent months.
Pakistan Economic GrowthGrowth is seen slowing this fiscal year, as Pakistan grapples with economic imbalances and remittance growth likely moderates. Met the why particular Consensus Forecast panelists see growth of 4.3% in FY 2019, down 0.2 percentage points from last month’s estimate, and 4.2% in FY 2020.
Pakistan Economy Data
5 years of Pakistan economic forecasts for more than 30 economic indicators.
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|Bond Yield||13.07||0.0 %||Feb 14|
|Exchange Rate||139.0||-0.05 %||Feb 14|
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