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Latest IMF deal will be Pakistan’s final programme: Punjab Chief Minister Maryam Nawaz

Punjab Chief Minister Maryam Nawaz has stated that the latest International Monetary Fund (IMF) programme will be the final one.

In her statement, Maryam Nawaz stated that Pakistan’s economy is now ready to take off. Pakistan is on the verge of becoming an economic powerhouse.


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The IMF’s positive answer bodes well for economic development. The current IMF plan will be the final one. Prime Minister Shehbaz Sharif and his staff have played an unforgettable role in resolving the economic crisis.

Maryam Nawaz went on to say that the lower policy rate will benefit business and the economy. Investors’ confidence is progressively improving.

Punjab has the lowest pricing for key food goods compared to other provinces. The drop in inflation has offered relief to the general populace.

The State Bank of Pakistan (SBP) announced earlier on Thursday a 200 basis point reduction in the federal interest rate, lowering it to 17.5%.

This decision comes after a sharper-than-expected reduction in inflation, with headline inflation falling to 9.6% in August from 12.6% in June and core inflation lowering to 11.9%. The drop reflects lower global oil and food costs, as well as a deferral in energy price increases.

However, the SBP has warned about the risks of global economic instability and local energy changes. The central bank’s foreign exchange reserves are $9.5 billion, and it expects GDP growth of 2.5% to 3.5% in FY25.

Tax collection has fallen short of expectations, putting more strain on fiscal policy.

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