The current account deficit forecast was cut by $2 billion
Islamabad: Pakistan has told the International Monetary Fund (IMF) that its current account deficit may remain below $4.5 billion due to lower-than-projected imports – a claim, if accepted, that could significantly ease its external financing woes of Islamabad for this financial year. Despite the reduction in imports and other austerity measures, Pakistani authorities have informed the IMF that they would be able to achieve economic growth of 3% to 3.5%, sources told The Express Tribune. Inflation will remain around the official target of 21%, they added. The exchanges were made as part of ongoing talks under the first revision of
