Islamabad:
The World Financial Organization (IMF) has predicted Pakistan’s economic growth 2.6 percent and the economic growth in the new fiscal year by 3.6 percent in the new fiscal year.
The IMF has released a contribution report on Pakistan’s economy, stating that Pakistan’s economic growth will reach 4.1 percent in 27-2026, while the economic growth rate of 2027 to 2030 is predicted to be 4.5 percent.
The World Organization has said that inflation is likely to remain at 7.7 in Pakistan during the next financial year 26-2025, while inflation is limited to 5.1 percent during the current financial year.
Inflation was reported that inflation is likely to be 6.5 percent from 2026 to 2030.
The IMF has shown the possibility of a reduction in debt-to-GDP ratio next fiscal and the report states that the debt-to-GDP ratio is likely to be 71.9 percent in 26-2025.
Similarly, the debt-to-GDP ratio in 27-2026 is likely to reach 70 %, the debt-to-GDP ratio is likely to reach 61 % by 2030.
The government has assured the IMF to cut development funds and other expenditures and Rs 87 billion will be withheld from the allocated money for PSDP and its purpose is a timely solution to judicial cases to meet the financial space.
Judicial cases are expected in May and June. If income is reduced, proportional cuts will be made in costs and the government has assured that basic expenditures will be restricted to Rs 15,958 billion.
According to the IMF, scope will be maintained for the important costs of the social sector, unnecessary energy subsidies will save Rs 54 billion, Rs 188 billion not used in emergency funds are different.
According to the report, the government is determined to surpass the basic deficit of 1.0 % of GDP, non -tax revenue is expected to reach 3.0 % of GDP while the tax revenue has been emphasized.
It has been stated that provincial tax authorities have done better performance, FBR revenue should be equal to 10.6 % of GDP, the FBR’s revised target this fiscal is Rs 12,332 billion.
According to the government, the tax administration is being improved so that the tax payments are reduced.
The report states that compliance risk management, digital value chain will be monitored while sales tax returns have also been identified and the customs system is being strengthened.
The report said that the government has assured that 770 billion worth of pending judicial cases are active, Rs 43 billion worth of cases are pending in the Supreme Court, Islamabad, Sindh and Lahore High Courts have tax cases worth Rs 217 billion, in the land revenue of Rs 104 billion.
It was further stated that the Supreme Court has completed the preliminary hearing, a positive decision can resolve the cases worth about Rs 120 billion.
