KARACHI: Governor of the State Bank of Pakistan Jamil Ahmed has said that inflation is likely to increase from next month, while the country will have to make external payments of $26 billion in the current fiscal year. Talking to the media in Karachi, he highlighted key data and potential challenges related to the economy.
According to the governor of the State Bank, $16 billion of these $26 billion payments will either be refinanced or rolled over, while $8 billion of the remaining $10 billion payments have already been completed. He said that despite external financial pressures, the central bank is fulfilling its responsibilities well.
He predicted the GDP growth till the end of the financial year 2025 and said that the growth will be between 2.5 and 3.5 percent. However, if the agricultural sector continues to improve, economic growth could even reach 4.2 percent.