IMF sees Pakistan’s FY11 GDP at 3.8pc

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GMT - 3 Hours IMF sees Pakistan’s FY11 GDP at 3.8pc

Post by yaad on Fri Sep 23, 2011 5:20 pm

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KARACHI: Pakistan’s GDP growth rate will hover around 3.8 and inflation about 12 percent, Geo News reported Thursday.

International Monetary Fund’s recently released (IMF) Annual Report 2011 says Pakistan’s economy is likely to grow at 3.8 percent.

Report adds that country may chase a growth target of 4.2 percent, which is 0.4 percent short of the target fixed.

Moreover, Pakistan’s Current Account Balance is seen going down by 1.7 percent.

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