Pakistan’s GDP growth expected to reach 4.5% this year

International Monetary Fund says Pakistan’s GDP growth is expected to reach 4.5 percent this year.


In a detailed statement on the 10th review of Pakistan’s economic performance, the IMF said economic activity continues to strengthen gradually in Pakistan.

The statement said large-scale manufacturing, investment related to the China Pakistan Economic Corridor and gradual improvements in the supply of gas and electricity are contributing to improvement in economy.

It noted that tax collection has also significantly strengthened in the second quarter.

IMF also welcomed Pakistan’s commitment to lower the fiscal deficit to 4.3 percent ending on June 30 this year.