A slump in economic growth amid the adverse regional situation is set to impact balance of payments as the fiscal year comes to an end. Trade deficit is anticipated to be one of the biggest concerns as imports have surged despite government's corrective measures, with exports failing to rise. The gap is supposed to be as high as $32 billion, as 'managed exchange rate' has not bred the desired results. Perhaps, that is why lenders have time and again expressed concern over the government's monetary intervention.........

© The Express Tribune