IMF concerned over fall in Pakistan investment

WASHINGTON: International Monetary Fund (IMF) has expressed its concern over the decline in investment in Pakistan bringing the country’s foreign exchange reserves under pressure.

IMF in its report released here said that Pakistan’s growth rate could remain at 2.75 percent during the current fiscal year, while the high expenditure and low income could result in the financial deficit to gross domestic product at 5.5 percent.

Economic analysts said that the restoration of peace and resolving the energy crisis could increase investment in the country and, thereby, with the rise in exports the forex reserves could also improve.