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IMF predicts significant reduction in inflation and unemployment in Pakistan


ISLAMABAD: The International Monetary Fund (IMF) has forecasted a decrease in inflation and unemployment rates in Pakistan in the coming years. 

According to the IMF, the economic growth rate is expected to increase to over 3% next year, while this year’s economic growth rate could reach 2%, and the following year may see an increase to 3.5%.

Expectations of a decrease in inflation and unemployment for the current fiscal year have been expressed, with inflation projected to drop to 24.8% and unemployment to 8%. Similarly, for the following year, inflation is expected to decrease to 12.7%, with unemployment remaining at 7.5%.

The report also indicates a positive outlook for the Pakistani economy, suggesting improvements in both economic stability and employment opportunities.

It should be noted that Pakistan is currently facing a tough economic and financial crisis, while the newly elected government of Shehbaz Sharif is striving to navigate the country out of the crisis with the assistance of Saudi Arabia and other friendly countries.

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