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Pakistan Economic Update – GTAI Pakistan

IMF projects economic growth rate recovering to 4% of GDP in FY2022. Disbursements from the IMF programme will help Pakistan meet its external account obligations in 2021-22. EIU: Real GDP to grow by 3.2% in FY2022 as economic growth is constrained by recurrent waves of Covid-19 infections and fiscal consolidation efforts. Workers‘ remittances to Pakistan grew by 27% and reached a historic high of $29.4bn in FY2021.Net FDI to Pakistan dropped by 29.% to $1.8 bn US in FY2021. Power sector continued to dominate the FDI inflows; (share 49%)

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