IMF projects Pakistan's real GDP to grow by four percent in current fiscal year

ISLAMABAD (Web Desk) – International Monetary Fund has projected Pakistan’s real Gross Domestic Product to grow by four percent in current fiscal year.

In its report of “World Economic Outlook October 2021”, the IMF also endorsed Pakistan’s provisional figures of GDP growth rate of 3.9 percent during the previous fiscal year.

According to the report, the unemployment rate in Pakistan will also decline from current five percent to 4.8 percent in the current fiscal year.

The report projected that the country’s inflation rate would ease from last year's 8.9 percent to 8.5 percent by end of current fiscal year.