Yes,
it is. Pakistan has successfully exited the IMF program with high marks
from that institution including the determination by that institution
that Pakistan’s economy now has resilience and can withstand ‘mild
external shocks’. Inflation is way down and likely to stay at 6% or
lower. The current account deficit has been reduced from 4% to just 1%.
Fiscal gap has been reduced to 4.3% from a whopping 8.2%. Foreign
exchange reserves hover between 20 to 22 billion dollars and remittances
are more than 19 billion dollars. Growth is at 4.7% and may go higher.
Power generation is expected to rise dramatically by 2018 because of all
the projects underway. CPEC related activity is expected to spur medium
and long term growth. Government is likely to increase public
development spending opening up the job market. Pakistan is looking
forward to increase domestic and foreign private investment with
interest rates at their lowest.
Yes,
it is. Pakistan has successfully exited the IMF program with high marks
from that institution including the determination by that institution
that Pakistan’s economy now has resilience and can withstand ‘mild
external shocks’. Inflation is way down and likely to stay at 6% or
lower. The current account deficit has been reduced from 4% to just 1%.
Fiscal gap has been reduced to 4.3% from a whopping 8.2%. Foreign
exchange reserves hover between 20 to 22 billion dollars and remittances
are more than 19 billion dollars. Growth is at 4.7% and may go higher.
Power generation is expected to rise dramatically by 2018 because of all
the projects underway. CPEC related activity is expected to spur medium
and long term growth. Government is likely to increase public
development spending opening up the job market. Pakistan is looking
forward to increase domestic and foreign private investment with
interest rates at their lowest.
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