Islamabad, The International Monetary Fund (IMF) has recognized a stabilization in Pakistan’s economic activity, noting a gradual decrease in inflation and improvement in fiscal performance.
According to Ministry of Information and Broadcasting, the IMF’s country report on Pakistan highlighted that external pressures on the nation’s economy have lessened since June of the previous year. The report acknowledged the State Bank of Pakistan’s efforts in rebuilding foreign exchange reserves following recent financial inflows. Additionally, the IMF observed an improvement in Pakistan’s fiscal performance, with the government achieving a primary surplus in the first quarter of the current fiscal year. However, the IMF cautioned that despite these positive developments, Pakistan still faces a challenging economic outlook.