Pakistan's Economic Growth Falls Short, Seeks $4.9 Billion in Loans

Pakistan's economy grew by 2.68% in the fiscal year 2024-25, missing its 3.6% target.

The country's economic output reached USD 411 billion, with per capita income at USD 1,824.

The government plans to borrow USD 4.9 billion from international banks for the next fiscal year.

They aim to secure short-term loans at 7-8% interest rates and long-term borrowing arrangements.

The IMF wants Pakistan to increase its foreign reserves to USD 13.9 billion by June.

The central bank has cut its key policy rate to 11% to boost growth.