Pakistan is likely to face a current account deficit, inflation and payment burden by FY 2025

 Current account deficit, inflation, and payment burden are expected to increase in Pakistan by the fiscal year 2025. According to the report of the World Bank, under the current political situation, the economy of Pakistan is still facing serious challenges. Another 3.9 million people in the country have fallen below the poverty line. There is a need to increase agricultural production in the affected areas.

According to the report, Pakistan's foreign exchange reserves are less than one month's imports and inflation is more than 25 percent. The report states that the current account deficit, inflation, and payment burden are expected to increase by the fiscal year 2025, according to which the year 2024 And by 2025, the payment burden is expected to reach $29 billion annually.

The report states that debt in Pakistan is 74 percent of the economy, under the FRDL law of Pakistan, the debt should be 60 percent of the economy, in addition, the fiscal deficit in Pakistan is expected to reach 6.7 percent while the rate of economic growth is It is likely to be just 0.4 percent.

According to the report, petroleum products became expensive by 55% and electricity by 47% this fiscal year in Pakistan.

The report further states that the current account deficit will increase to 2.2% of GDP by 2025, the debt and bonds of Chinese commercial banks including the IMF will have to be paid, and the poverty line will not decrease due to the high growth rate and inflation.

In the report of the World Bank, the harmonization of sales tax and income tax reforms has been declared indispensable. For stability, the economic team needs to focus on the economic reforms strategy. For stability, the economic team needs to focus on the economic reforms strategy.

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