Latest IMF bailout News & Updates

IMF Lowers Pakistan’s GDP Growth Forecast, Raises Concerns

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New Delhi, Feb 2 (IANS) The IMF has lowered Pakistan’s GDP growth forecast to 3 per cent from 3.2 per cent, which is worrying news for a country with a rapidly expanding population, according to an article in the Pakistani media.The large-scale manufacturing sector actually contracted by 1.25 per cent in the first five months of the ongoing fiscal, and exports appear to be slowing down. Aside from foreign loans and other external assistance, the only other thing Pakistan has been able to count…