No more war impact, govt tells IMF
Pakistan has apprised the International Monetary Fund (IMF) that the Middle East conflict will no longer impact its economic outlook, with inflation projected to slow down to 7.5% and the external sector remaining stable, but the global lender has urged it to adjust exchange and interest rate policies. The federal government further informed the IMF that exports would hit $34 billion and foreign remittances would increase to $45.5 billion in the current fiscal year – better than the budget targets with no adverse impact on imports. It said that this would keep the external sector in a stable situation with the current account deficit remaining between $2.5 billion and $3 billion but significantly lower than the budget target of $3.6 billion.