UN report World Economic Situation Prospects

Pakistan economy remains on a relatively robust recovery path

Economy in 2021 expanded by 4.5 percent

GDP growth is project at 3.9% in 2022

Economy to driven by private consumption ,record high remittances and fiscal support

Pakistan increased interest rates in the second half of 2021

Interest rate up on rising inflation and widening current account deficits

Central bank need to assess the magnitude and timing of policy changes to support an inclusive recovery and maintain financial and price stability

Revenue mobilization is necessary as well as further multilateral support

G20 Debt suspension did not provide substantial relief countries like Pakistan

Relief stood at less than 20% of debt service obligations or about 1.6% of GDP on average.

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