Inflation rate is expected to increase by 24.8 percent in Pakistan: IMF reports

IMF and World bank has recently issued their reports regarding expected inflation increase in Pakistan. According to International Monetary Fund IMF inflation rate is expected to be 24.8 percent this year in Pakistan. IMF also shared estimated inflation for next year which is 12.7 percent for upcoming year. Economic Growth rate will be 2 percent this as per IMF reports in the country. While economic growth will be up to 3.5 percent for the next fiscal year.

Same data has been issued by world bank but with minor differences, which is 26% inflation rate expected for this year and 15% for next fiscal year. World Bank has predicted the economic growth by 1.8 percent for this year and 2.3% for upcoming year.

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