The International Monetary Fund (IMF) while appreciating Pakistan’s economic growth has increased the projection of GDP growth for Pakistan to 5.27 compared to April’s figure of 5 percent
The IMF in its latest report said, October projections for global growth poised to rise with an uptick in the world economy and it is likely to gather pace into next year.
However in Pakistan case the IMF predicted a 35 per cent increase in the current account deficit to Rs465 billion compared to its April forecast of Rs344 billion. The deficit projections have been doubled for 2018 and 2019. Inflation according to October projections will be down by 0.1 per cent from April estimates. Overall, the projections for various economic indicators remained positive.