Pakistan Economic Outlook
October 16, 2018The economy is facing testing times. Although exports and inflows from remittances increased in the first three months of this fiscal year, which began in July, higher oil prices are pressuring the current account deficit. Moreover, foreign exchange reserves hit multi-year lows at the close of September and the currency fell to a record low against the U.S. dollar in early October. Against this backdrop, on 18 September the government raised import duties on 5,000 different items, hiked income taxes and scaled back tax breaks. On 8 October, the finance minister also announced that the government would seek an IMF bailout.
Pakistan Economic GrowthA slowdown is expected this fiscal year as the country grapples with economic imbalances and both fiscal and monetary policy tightening take hold. Met the why particular Consensus Forecast panelists see growth of 4.7% in FY 2019, unchanged from last month’s estimate, and 4.7% in FY 2020.
Pakistan Economy Data
5 years of Pakistan economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||12.00||0.0 %||Oct 16|
|Exchange Rate||131.4||-0.05 %||Oct 16|
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