The International
Monetary Fund loan to Pakistan become less recent years. To
get more loan from IMF to rebuild reserves and support
structural changes, Pakistan committed to increase growth and improve
financial stability. Pakistan did several measures to decrease
the deficit, reduce pervasive electricity shortages and increase
the country’s poor rate of tax collection.
IMF
said Sunday that Pakistan has met almost all of its quantitative
performance markers, which shows that it will have a huge improvement
in economy. The IMF forecasts that inflation in Pakistan will boost
10 percent this year.
It seems that Pakistan is setting the standard for other countries in the Middle East who are also trying to improve their economic standing. Do you believe other countries such as Egypt, who has also seen economic growth in the past decade, will follow in their footsteps?
ReplyDelete