WASHINGTON: Pakistan's inflation and debt-to-GDP ration were expected to fall respectively to 4.8% and 73% by 2025, the International Monetary Fund (IMF) said Monday.
In a five-year forecast, the IMF said there would be a considerable slump in the country's loans, as well as inflation. This decrease, it added, would be witnessed starting 2021.
It added that inflation would go down from 10.5% to 4.8% in five years. The rates in 2021, 2022, 2023, 2024, and 2025 were forecast at 9.0%, 8.0%, 6.1%, 4.9%, and 4.8%, respectively.
The IMF noted that debt-to-GDP ratio would also decrease from 90% to 73% in five years. The rates in 2021, 2022, 2023, 2024, and 2025 were forecast at 87.8%, 83.7%, 80.8%, 77.4%, and 73.0%, respectively.
The arrested suspect says the aim of the social media account was to create an impression that the retired army...
Talat Aslam remained associated with several leading newspapers and magazines of the country in his long journalistic...
Police also launched a crackdown on PTI Sindh leadership and arrested several workers
Saudi minister labelled Pakistan as an important ally and told the agency that Riyadh would stand behind Islamabad
Defence minister apologises for excessive use of force during raid at retired judge's residence
Monday's strong Wall Street rally, where the Dow closed up 2%, did not carry over into Asian and European trading