Higher export reliance on US market: IMF cautions Pakistan over US tariff adjustments The International Monetary Fund (IMF) has warned that recent changes in US import tariff adjustments could disproportionately affect Jordan and Pakistan, given their significant shares of exports to the US market. In its Regional Economic Outlook, the IMF revised Pakistan’s GDP growth projection downward to 2.6 percent for the current fiscal year, from an earlier estimate of 3.2 percent. For the next fiscal year, GDP growth is projected at 3.6 percent. Jihad Azour, Director of the IMF’s Middle East and Central Asia Department, noted during a press briefing that Pakistan has made significant progress in restoring macroeconomic stability over the past 18 months. Key indicators, including growth and inflation, have improved, with inflation dropping from 12.6 percent in FY2024 to 6.5 percent this year—a level expected to hold steady into next year. Debt levels are also stabilizing, and Pakistan has recen...
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