IMF Forecasts Slower Export Growth – SUCH TV

The International Monetary Fund (IMF) forecasts that Pakistan’s exports will grow by $13.79 billion over the next four years, a projection that falls short of the government’s ambitious goals.

The Shehbaz Sharif government has set a target to raise the country’s total exports to $60 billion by 2030.

However, the IMF projects that Pakistan is likely to achieve exports of only around $46 billion by 2030, significantly below the government’s target.

According to the IMF, Pakistan’s total exports are expected to rise to $36.46 billion next year.

Exports are projected at $40 billion in fiscal year 2028 and approximately $43 billion in fiscal year 2029, before increasing to $46 billion by fiscal year 2029-30.

On the imports side, the IMF has estimated an increase of $18.7 billion in Pakistan’s total imports by 2030.

The Fund projects that imports will exceed $64 billion in the current fiscal year, rise to $66.86 billion in 2027, and reach $72.9 billion in 2028.

Imports are expected to stand at $77 billion in 2029 and increase further to $82.81 billion by 2030.

The government had initially set a $60 billion export target, which it would achieve in three years.

However, it later revised the timeline, extending the time from three years to five years.