Pakistan Economic Outlook
November 13, 2018The economy had a mixed start to FY 2019, which began in July. In the first quarter, the current account deficit narrowed slightly from the same period in FY 2018. This was due to higher remittance inflows, particularly from the United States, the United Kingdom and the Middle East. These inflows helped to outweigh a sharp rise in the import bill, which itself was stoked by higher oil prices. However, the rupee has lost significant value against the USD since the first quarter ended, hitting multi-year lows in October, which could further inflate import costs going forward. More positively, in recent weeks Saudi Arabia and China have both agreed to provide financial support to Pakistan.
Pakistan Economic GrowthThis fiscal year, a slowdown is expected as the country grapples with economic imbalances, while both fiscal and monetary policy tightening take hold. FocusEconomics Consensus Forecast panelists see growth of 4.6% in FY 2019, which is down 0.1 percentage points from last month’s estimate, and 4.4% in FY 2020.
Pakistan Economy Data
5 years of Pakistan economic forecasts for more than 30 economic indicators.
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|Bond Yield||12.70||0.0 %||Dec 12|
|Exchange Rate||139.9||-0.05 %||Dec 12|
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