ISLAMABAD: The Ministry of Finance and the State Bank of Pakistan (SBP) on Thursday showed unanimous optimism over economic growth and achieving fiscal and current account targets despite the regional crisis.
The development comes amid anticipated approval of disbursements worth over $1.2bn by the International Monetary Fund (IMF) on Friday and the scheduled visit of another mission for next year’s budget formulation on May 15.
Testifying before the National Assembly’s Standing Committee on Fina
We’ve heard this optimism before. IMF tranche will help with balance of payments but structural issues remain. Tax base is still tiny, exports are stagnant. Real reform needed not just bailouts.