Pakistans C/A deficit could be less than IMF estimation
ISLAMABAD: Pakistans current account deficit could be less that the IMF expectations.
Addressing a seminar here, IMF Director for South Asia, Masood Ahmad and Senior Advisor, John Carlos D Tata told this.
Masood Ahmad said that IMF estimating Pakistan economic growth for the current fiscal year at 3 to 3.5 percent. He said that the Americans were paying a serious attention to the promotion of savings. Similarly, Pakistanis would have to focus on savings also, he emphasized. John Carlos D Tata said that the international market price plummeting by $10 has reduced Pakistans oil import bill by $1.3 billion.
State Bank of Pakistan (SBP) Governor, Dr. Shamshad Akhtar in her address to the seminar stressed on the promotion of social security. She said that the Central Bank was increasing the agricultural loans allocation from Rs200 billion to Rs250 billion.
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