Pakistan’s inflation will be 11 percent: IMF

NEW YORK: International Monetary Fund (IMF) hinted that Pakistan’s inflation rate will be increase from 9 to 11 percent for current fiscal year. In an analytical report, IMF has increased the inflation rate for Pakistan from 9 percent to 11 percent for current fiscal year. The increased in the target has been made keeping in view increment in the crude oil prices and rise in power tariff. The economic growth rate will be 3 percent whereas threats to economic progress will also remain same. The report added that there is increment in flow of remittances in Pakistan therefore, it is expected that current accounts deficit will be decline from 4.7 percent to 4.2 percent.