The State Bank of Pakistan (SBP) Governor Jameel Ahmed on Thursday said the country was meeting its economic targets, with its debt level and balance of payments still under control.

In 2023, Pakistan experienced one of its worst economic crises in decades and all-time high inflation, with its foreign exchange reserves dwindling to $4.6bn — barely enough to cover three weeks’ worth of imports.

This prompted the government to seek an International Monetary Fund (IMF) bailout to support its balance of payments (BoP) crisis.

The IMF, which approved a $7bn rescue package for Pakistan, expects the country’s growth rate to gradually improve to 4.5 per cent by 2029.

During a press briefing today, the SBP chief highlighted that the country’s external debt level........

© Dawn Business