Updated on
Summary
International Monetary Fund (IMF) has informed that the condition of the Pakistani economy is improving despite the fact that inflation is on the rise. Current account deficit has decreased by 17 percent while the GDP target has been achieved.According to a report published by IMF on Pakistan, if inflation continues to prevail on current levels than the Central Bank would be compelled to increase interest rates. The report has expressed satisfaction over foreign exchange reserve of the country. Industrial manufacturing has picked up and cotton crop is above expectations. The rupee currency has stabilized against the US dollar.
