The International Monetary Fund (IMF) on Friday launched a report on Pakistan, in which the global economic group emphasised on growing tax revenue and foreign exchange reserves.
The IMF country report cited that many guarantees and goals had been no longer carried out with the aid of the government of Pakistan due to the demanding political surroundings remaining year.
It said that 5 goals such as foreign exchange reserves and most important budget deficit have no longer been met, including that seven structural goals have additionally now not been implemented.
The record underscored that the government took several steps to convey the loan application again on track and the economic activities remained robust in Pakistan throughout fiscal year 2022
It in addition cited the government introduced a budget based totally on a primary surplus that covered significant increases in interest rates. Fuel subsidy used to be abolished. Fuel and electricity prices were increased.
“The upward push in international expenses of meals and gas led to a extensive expand in inflation, whilst the Pakistan government has certain measures for the balance of the financial sector,” the record added.