IMF forecasts Pakistan's inflation to fall to 4.8%, debt-to-GDP ratio to 73% in 2025

This decrease, the IMF added, would be witnessed starting 2021

Web Desk

April 20, 2020

The International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the IMF/World Bank annual meetings in Washington, US, October 14, 2017. REUTERS/Yuri Gripas/Files

WASHINGTON: The International Monetary Fund (IMF) said Monday Pakistan's inflation and debt-to-GDP ratio were expected to fall to 4.8% and 73%, respectively, in 2025.

In a five-year forecast, the IMF said there would be a considerable slump in the country's loans, as well as inflation. This decrease, it added, would be witnessed starting 2021.

It added that inflation would go down from 10.5% to 4.8% in five years. The rates in 2021, 2022, 2023, 2024, and 2025 were forecast at 9.0%, 8.0%, 6.1%, 4.9%, and 4.8%, respectively.

The IMF noted that debt-to-GDP ratio would also decrease from 90% to 73% in five years. The rates in 2021, 2022, 2023, 2024, and 2025 were forecast at 87.8%, 83.7%, 80.8%, 77.4%, and 73.0%, respectively.