According to Miftah Ismail, the finance minister of Pakistan, the economy would expand by more than 3.5% during the fiscal year that began in July, according to a report from Bloomberg News on Saturday.
Inflation, which is at a 47-year high and is the second-highest in Asia, is expected to peak soon and average 15% for the year, according to Ismail’s forecast, according to the report.
Ismail was quoted as warning that restrictions on luxury goods might last longer than currently envisaged.Insisting that import payments should match dollar inflows, the minister continued by saying that he wants Pakistan to live within its means.
